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OEGAX

Discovery Mid Cap Growth Fund

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
68379Y105
NAV
  • A
(as of 05/23/2018)
$21.33
Total Assets
(as of 04/30/2018)
$1.11 BN
Gross Expense Ratio
(as of 04/30/2018)
1.13%
Net Expense Ratio
(as of 04/30/2018)
1.13%
Other Investment Options

For a suite of investment vehicles beyond mutual funds, please visit OFIglobal.com. OFI Global Asset Management™, an OppenheimerFunds company, delivers the firm’s investment expertise and solutions to institutional and high-net worth investors.

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

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (NAV)
2.31% 20.81% 9.43% 13.11% 10.20% 7.08%
Russell Midcap® Growth Index
2.17% 19.74% 9.17% 13.39% 11.18% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (with sales charge)
-3.58% 13.86% 7.29% 11.78% 9.55% 6.71%
Russell Midcap® Growth Index
2.17% 19.74% 9.17% 13.39% 11.18% -
Cumulative
Annualized
ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (NAV)
2.26% 18.51% 10.09% 13.10% 9.46% 7.04%
Russell Midcap® Growth Index
1.21% 16.87% 9.08% 13.09% 10.43% -
Cumulative
Annualized
ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (with sales charge)
-3.62% 11.69% 7.94% 11.77% 8.81% 6.68%
Russell Midcap® Growth Index
1.21% 16.87% 9.08% 13.09% 10.43% -
Gross Expense Ratio: 1.13% | Net Expense Ratio: 1.13%

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 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.


Year Discovery Mid Cap Growth Fund Russell Midcap® Growth Index
2001 0.41% -10.83%
2002 -36.78% -29.09%
2003 63.53% 46.31%
2004 5.35% 14.59%
2005 4.61% 8.17%
2006 6.75% 12.26%
2007 23.35% 9.69%
2008 -38.89% -41.50%
2009 24.16% 41.66%
2010 26.38% 28.86%
2011 0.34% -1.57%
2012 15.52% 16.13%
2013 35.02% 37.06%
2014 5.40% 11.90%
2015 6.10% -0.20%
2016 1.89% 7.33%
2017 27.98% 25.27%

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 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.


Date Discovery Mid Cap Growth Fund Russell Midcap® Growth Index (Linked Index) MSCI World S&P 500
4/30/2008 0.00 0.00 0.00 0.00
5/31/2008 5.88 5.27 1.52 1.30
6/30/2008 3.53 -2.27 -6.57 -7.24
7/31/2008 3.62 -2.62 -8.86 -8.02
8/31/2008 3.62 -0.98 -10.14 -6.69
9/30/2008 -9.50 -14.09 -20.82 -15.01
10/31/2008 -26.61 -33.44 -35.84 -29.28
11/30/2008 -35.02 -40.94 -39.99 -34.36
12/31/2008 -32.58 -37.95 -38.06 -33.66
1/31/2009 -35.75 -41.68 -43.49 -39.25
2/28/2009 -41.63 -46.73 -49.27 -45.72
3/31/2009 -38.01 -41.65 -45.45 -40.96
4/30/2009 -34.03 -32.98 -39.33 -35.31
5/31/2009 -32.22 -30.57 -33.83 -31.69
6/30/2009 -30.41 -28.94 -34.13 -31.56
7/31/2009 -26.70 -23.42 -28.55 -26.38
8/31/2009 -25.70 -21.86 -25.60 -23.72
9/30/2009 -21.54 -16.74 -22.64 -20.88
10/31/2009 -24.80 -21.31 -24.02 -22.35
11/30/2009 -21.72 -18.39 -20.91 -17.69
12/31/2009 -16.29 -12.10 -19.49 -16.10
1/31/2010 -21.18 -15.72 -22.82 -19.12
2/28/2010 -16.92 -11.43 -21.73 -16.61
3/31/2010 -11.67 -4.36 -16.88 -11.58
4/30/2010 -8.96 -1.01 -16.87 -10.19
5/31/2010 -15.29 -7.73 -24.83 -17.36
6/30/2010 -20.45 -13.70 -27.41 -21.68
7/31/2010 -15.48 -7.94 -21.53 -16.20
8/31/2010 -18.28 -13.78 -24.46 -19.98
9/30/2010 -8.51 -2.36 -17.41 -12.84
10/31/2010 -4.34 1.32 -14.33 -9.52
11/30/2010 0.91 5.40 -16.18 -9.51
12/31/2010 5.79 13.27 -10.02 -3.46
1/31/2011 7.78 14.55 -7.99 -1.17
2/28/2011 14.39 20.83 -4.76 2.21
3/31/2011 19.00 24.41 -5.70 2.25
4/30/2011 22.44 28.75 -1.70 5.28
5/31/2011 20.09 27.17 -3.74 4.09
6/30/2011 20.91 24.88 -5.26 2.35
7/31/2011 17.29 20.03 -6.98 0.27
8/31/2011 7.78 10.21 -13.53 -5.18
9/30/2011 -1.63 -1.78 -21.00 -11.84
10/31/2011 9.77 13.39 -12.83 -2.21
11/30/2011 9.41 12.84 -14.96 -2.42
12/31/2011 6.15 11.49 -15.00 -1.42
1/31/2012 12.58 20.08 -10.74 2.99
2/29/2012 19.64 25.60 -6.38 7.45
3/31/2012 23.26 27.77 -5.18 10.98
4/30/2012 25.25 26.67 -6.25 10.29
5/31/2012 17.10 17.13 -14.34 3.66
6/30/2012 20.18 20.90 -9.98 7.93
7/31/2012 18.64 19.70 -8.82 9.43
8/31/2012 23.26 24.32 -6.51 11.89
9/30/2012 25.52 27.21 -3.94 14.78
10/31/2012 20.91 24.82 -4.59 12.66
11/30/2012 21.99 27.01 -3.37 13.32
12/31/2012 22.62 29.47 -1.55 14.35
1/31/2013 29.41 38.36 3.46 20.27
2/28/2013 29.68 39.22 3.63 21.91
3/31/2013 33.39 45.26 6.06 26.48
4/30/2013 33.39 45.78 9.40 28.92
5/31/2013 36.11 51.76 9.44 31.93
6/30/2013 35.38 49.95 6.74 30.16
7/31/2013 44.52 59.28 12.36 36.78
8/31/2013 45.34 56.25 9.97 32.82
9/30/2013 54.30 63.96 15.47 36.99
10/31/2013 59.73 68.25 19.99 43.28
11/30/2013 61.18 71.97 22.12 47.65
12/31/2013 65.57 77.45 24.71 51.39
1/31/2014 65.10 73.59 20.09 46.15
2/28/2014 76.75 84.50 26.10 52.84
3/31/2014 66.42 81.08 26.28 54.12
4/30/2014 55.05 78.42 27.58 55.26
5/31/2014 58.27 83.27 30.09 58.91
6/30/2014 66.52 89.00 32.42 62.19
7/31/2014 61.40 83.35 30.30 59.95
8/31/2014 70.12 93.23 33.17 66.35
9/30/2014 66.04 87.62 29.56 64.02
10/31/2014 70.21 92.80 30.40 68.03
11/30/2014 74.76 99.14 33.01 72.54
12/31/2014 74.51 98.57 30.87 72.11
1/31/2015 73.25 95.23 28.49 66.94
2/28/2015 86.08 108.66 36.02 76.54
3/31/2015 88.49 109.25 33.89 73.75
4/30/2015 85.03 107.78 37.03 75.41
5/31/2015 90.60 110.25 37.51 77.67
6/30/2015 91.12 106.86 34.31 74.23
7/31/2015 95.85 110.22 36.72 77.88
8/31/2015 85.13 97.99 27.67 67.15
9/30/2015 78.09 90.34 22.96 63.01
10/31/2015 86.50 102.32 32.71 76.76
11/30/2015 87.86 102.76 32.05 77.29
12/31/2015 85.15 98.18 29.73 74.49
1/31/2016 72.10 83.17 21.96 65.83
2/29/2016 68.71 86.04 21.06 65.61
3/31/2016 78.79 99.32 29.27 76.84
4/30/2016 80.22 99.20 31.32 77.53
5/31/2016 86.14 102.47 32.05 80.72
6/30/2016 87.89 102.44 30.58 81.19
7/31/2016 95.78 112.46 36.09 87.87
8/31/2016 95.34 111.84 36.20 88.13
9/30/2016 94.25 111.73 36.93 88.17
10/31/2016 86.14 103.13 34.28 84.73
11/30/2016 91.18 111.96 36.21 91.57
12/31/2016 88.65 112.70 39.47 95.36
1/31/2017 97.39 119.79 42.83 99.07
2/28/2017 103.36 126.11 46.80 106.97
3/31/2017 104.46 127.36 48.36 107.21
4/30/2017 108.33 130.74 50.56 109.34
5/31/2017 116.63 136.25 53.74 112.29
6/30/2017 115.30 136.95 54.33 113.61
7/31/2017 118.84 140.91 58.03 118.00
8/31/2017 122.16 142.61 58.25 118.67
9/30/2017 126.36 149.46 61.80 123.18
10/31/2017 137.19 156.45 64.86 128.39
11/30/2017 142.39 165.02 68.43 135.39
12/31/2017 141.44 166.44 70.71 138.01
1/31/2018 156.45 181.52 79.72 151.64
2/28/2018 147.25 172.68 72.28 142.36
3/31/2018 147.01 172.24 68.52 136.20
4/30/2018 146.89 169.67 70.46 137.11

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 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 05/23/2018

Date 2013 2014 2015 2016 2017
Short Term 0.1317
Long Term 0.7847 1.7708 0.7206 0.1518 1.7268
Total Amount of Distribution 0.7847 1.7708 0.7206 0.1518 1.8585
Record Date 12/10/13 12/9/14 12/2/15 12/5/16 12/4/17
Ex Div Date 12/11/13 12/10/14 12/3/15 12/6/16 12/5/17
Pay Date 12/12/13 12/10/14 12/3/15 12/6/16 12/5/17

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

Portfolio

Top Issuers

(34.1% of assets as of 04/30/2018)


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 96.4% 99.4% -3.0%
Canada 1.7% - -
Developed Markets Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Americas 98.1% 99.4% -1.4%
Equity Sector Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Information Technology 27.8% 29.0% -1.2%
Industrials 20.5% 17.3% 3.3%
Consumer Discretionary 15.1% 17.4% -2.3%
Health Care 14.1% 13.1% 1.0%
Financials 10.6% 7.5% 3.1%
Materials 4.5% 5.8% -1.4%
Consumer Staples 2.3% 4.0% -1.7%
Energy 2.2% 2.5% -0.3%
Real Estate 1.1% 3.2% -2.1%
Industry Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Software 11.2% 8.3% 3.0%
Health Care Equipment & Supplies 7.3% 4.3% 3.0%
IT Services 6.7% 8.7% -2.0%
Capital Markets 5.2% 4.5% 0.7%
Commercial Services & Supplies 4.5% 1.2% 3.2%
Hotels Restaurants & Leisure 4.1% 4.1% 0.1%
Semiconductors & Semiconductor Equipment 3.7% 5.9% -2.2%
Machinery 3.6% 4.3% -0.7%
Banks 3.4% 1.1% 2.2%
Life Sciences Tools & Services 3.2% 3.0% 0.2%
Textiles Apparel & Luxury Goods 3.2% 1.6% 1.6%
Professional Services 3.1% 2.4% 0.7%
Aerospace & Defense 2.8% 2.2% 0.6%
Electronic Equipment Instruments & Components 2.7% 2.6% 0.1%
Internet Software & Services 2.7% 1.4% 1.3%
Oil Gas & Consumable Fuels 2.2% 2.5% -0.3%
Containers & Packaging 2.1% 2.3% -0.2%
Specialty Retail 2.1% 3.7% -1.7%
Insurance 2.0% 1.7% 0.3%
Air Freight & Logistics 2.0% 0.9% 1.1%
Asset Allocation Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Equity 98.1% 100.0% -1.9%
Net Cash and Equivalents 1.9% - -
Market Cap Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Mid 61.4% 55.4% 6.0%
Large 36.7% 43.5% -6.8%
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
544
Category
Mid-Cap Growth
Analyst Rating (as of 10/18/17)
Bronze
Performance Statistics
3Y
5Y
Alpha
1.65
0.42
Beta
0.92
0.97
Information Ratio
0.24
0.00
R-Squared
86.13
82.10
Sharpe Ratio
0.89
1.07
Standard Deviation
10.85
11.83
Sortino Ratio
0.41
0.53
Win Ratio
58.00
58.00
Loss Ratio
42.00
42.00
Tracking Error
4.14
5.01
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/5/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$15.70 B
$16.10 B
Median Market Cap (weighted)
$13.20 B
$14.30 B
P/E Ratio (LTM)
31.62
26.45
P/E Ratio (NTM)
22.60
19.39
Price/Book
5.17
5.68
Return on Equity
18.09%
18.89%
Turnover Ratio
139.00%
-
Active Share
72.28%
-
Distribution Sources
  • D
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Documents
  1. 1. Special Risks:  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. 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.
  3. 3. Access index definitions.
  4. 4. 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.
  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. 6. The Morningstar Analyst Rating is not a credit or risk rating but a subjective evaluation performed by the analysts of Morningstar, Inc. (Mstar). Mstar evaluates funds based on five key pillars (process, performance, people, parent and price). Mstar's analysts use this evaluation to identify funds they believe are more likely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors and the weightings of each pillar may vary. The Analyst Rating reflects overall assessment and is overseen by Morningstar's Analyst Rating Committee. The analyst rating scale is five-tiered, with three positive ratings (Gold, Silver, Bronze), a Neutral rating and a Negative rating, with Gold being the highest rating and Negative being the lowest rating. The Mstar Analyst Ratings should not be used as the sole basis in evaluating a mutual fund and are based on Mstar's current expectations about future events. Mstar does not represent ratings as a guarantee. Analyst Ratings involve unknown risks and uncertainties which may cause Mstar's expectations not to occur or to differ significantly.
  7. 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.
  8. B. 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 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.
  9. 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.
  10. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  11. The funds invest in below-investment-grade debt securities, which may entail greater credit risks, as described in each fund’s prospectus. These securities (sometimes called “junk bonds”) may be subject to greater price fluctuations and risks of loss of income and principal than investment-grade municipal securities. The funds may invest substantially in municipal securities within a single state or related to similar type projects, which can increase volatility and exposure to regional issues. The funds may also invest substantially in Puerto Rico and other U.S. territories, commonwealths and possessions, and could be exposed to their local political and economic conditions. Deterioration of the Puerto Rican economy could have an adverse impact on Puerto Rican bonds and the performance of the Rochester municipal funds that hold them.The views represented herein are the opinions of the Portfolio Managers at Macquarie Capital Investment Management LLC and are not intended as investment advice or to predict or depict the performance of any investment. These views are as of the date indicated, and are subject to change based on subsequent developments.Funds returns may not match the return of its respective index, known as non-correlation risk, due to operating expenses incurred by the Funds. The alternate weighting approach employed by the Funds (i.e., using revenues as a weighting measure), while designed to enhance potential returns, may not produce the desired results. Because the Funds are rebalanced quarterly, portfolio turnover may exceed 100%. The greater the portfolio turnover, the greater the transaction costs, which could have an adverse effect on Fund performanceOn April 28, 2017, OFI Global Institutional, Inc., a registered investment adviser subsidiary within OFI Global Asset Management (“OFI Global”) acquired SNW Asset Management, LLC (“SNW”). SNW provides advisory services for the strategy discussed herein.

    Benchmark: Through 12/31/11: 80% Merrill Lynch 1-5yr Municipal index/ 20% Merrill Lynch 5-7yr index. After 12/31/11: BofA Merrill Lynch 1-10 Year Municipal Securities Index. The BofA Merrill Lynch 1-10 Year Municipal Securities Index is a subset of the BofA Merrill Lynch US Municipal Securities Index including all securities with a remaining term to final maturity less than 10 years.On April 28, 2017, OFI Global Institutional, Inc., a registered investment adviser subsidiary within OFI Global Asset Management (“OFI Global”) acquired SNW Asset Management, LLC (“SNW”). SNW provides advisory services for the strategy discussed herein.

    Benchmark: Through 12/31/11: 80% Merrill Lynch 1-5yr Municipal index/ 20% Merrill Lynch 5-7yr index. After 12/31/11: BofA Merrill Lynch 1-10 Year Municipal Securities Index. The BofA Merrill Lynch 1-10 Year Municipal Securities Index is a subset of the BofA Merrill Lynch US Municipal Securities Index including all securities with a remaining term to final maturity less than 10 years.

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