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OAEIX

Equity Income Fund

Overview

The Strategy typically invests primarily in dividend-paying large company U.S. stocks.

Inception Date
February 13, 1987
Investment Style
Equity Income
Fund Index
Russell 1000® Value Index
CUSIP
68381A103
NAV
  • A
(as of 05/21/2018)
$32.09
Total Assets
(as of 04/30/2018)
$3.41 BN
Gross Expense Ratio
(as of 04/30/2018)
1.05%
Net Expense Ratio
(as of 04/30/2018)
1.05%
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
Equity Income Fund (NAV)
-3.20% 5.88% 3.71% 8.02% 8.45% 10.77%
Russell 1000® Value Index
-2.83% 6.95% 7.88% 10.78% 7.78% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
-8.76% -0.21% 1.68% 6.75% 7.81% 10.56%
Russell 1000® Value Index
-2.83% 6.95% 7.88% 10.78% 7.78% -
Cumulative
Annualized
ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
-2.82% 6.33% 3.30% 7.45% 7.99% 10.76%
Russell 1000® Value Index
-2.51% 7.50% 7.66% 10.52% 7.30% -
Cumulative
Annualized
ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
-8.41% 0.21% 1.28% 6.19% 7.35% 10.55%
Russell 1000® Value Index
-2.51% 7.50% 7.66% 10.52% 7.30% -
Gross Expense Ratio: 1.05% | Net Expense Ratio: 1.05%

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 Equity Income Fund Russell 1000® Value Index
1988 34.72% 23.16%
1989 51.05% 25.19%
1990 -6.77% -8.08%
1991 38.77% 24.55%
1992 24.88% 13.58%
1993 7.31% 18.07%
1994 -2.86% -1.98%
1995 33.85% 38.36%
1996 18.25% 21.64%
1997 14.84% 35.18%
1998 20.15% 15.63%
1999 5.83% 7.35%
2000 14.97% 7.01%
2001 -1.20% -5.59%
2002 -14.71% -15.52%
2003 28.63% 30.03%
2004 16.68% 16.49%
2005 9.25% 7.05%
2006 13.56% 22.25%
2007 2.55% -0.17%
2008 -35.56% -36.85%
2009 42.22% 19.69%
2010 20.86% 15.51%
2011 -6.43% 0.39%
2012 19.15% 17.51%
2013 31.63% 32.53%
2014 10.05% 13.45%
2015 -9.83% -3.83%
2016 14.67% 17.34%
2017 12.59% 13.66%

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 Equity Income Fund Russell 1000® Value Index MSCI World S&P 500
4/30/2008 0.00 0.00 0.00 0.00
5/31/2008 2.33 -0.16 1.52 1.30
6/30/2008 -5.67 -9.72 -6.57 -7.24
7/31/2008 -7.98 -10.04 -8.86 -8.02
8/31/2008 -6.73 -8.51 -10.14 -6.69
9/30/2008 -16.40 -15.24 -20.82 -15.01
10/31/2008 -30.11 -29.91 -35.84 -29.28
11/30/2008 -34.53 -34.94 -39.99 -34.36
12/31/2008 -31.33 -34.03 -38.06 -33.66
1/31/2009 -36.19 -41.62 -43.49 -39.25
2/28/2009 -41.91 -49.42 -49.27 -45.72
3/31/2009 -35.96 -45.09 -45.45 -40.96
4/30/2009 -29.29 -39.21 -39.33 -35.31
5/31/2009 -20.14 -35.45 -33.83 -31.69
6/30/2009 -19.78 -35.93 -34.13 -31.56
7/31/2009 -16.84 -30.68 -28.55 -26.38
8/31/2009 -12.47 -27.05 -25.60 -23.72
9/30/2009 -8.05 -24.24 -22.64 -20.88
10/31/2009 -9.97 -26.56 -24.02 -22.35
11/30/2009 -5.29 -22.42 -20.91 -17.69
12/31/2009 -2.35 -21.04 -19.49 -16.10
1/31/2010 -4.28 -23.26 -22.82 -19.12
2/28/2010 -0.88 -20.84 -21.73 -16.61
3/31/2010 4.83 -15.69 -16.88 -11.58
4/30/2010 5.63 -13.51 -16.87 -10.19
5/31/2010 -1.94 -20.62 -24.83 -17.36
6/30/2010 -7.15 -25.08 -27.41 -21.68
7/31/2010 1.13 -20.01 -21.53 -16.20
8/31/2010 -2.34 -23.44 -24.46 -19.98
9/30/2010 6.01 -17.50 -17.41 -12.84
10/31/2010 9.16 -15.02 -14.33 -9.52
11/30/2010 9.45 -15.47 -16.18 -9.51
12/31/2010 18.03 -8.80 -10.02 -3.46
1/31/2011 20.29 -6.74 -7.99 -1.17
2/28/2011 24.00 -3.30 -4.76 2.21
3/31/2011 24.14 -2.91 -5.70 2.25
4/30/2011 28.19 -0.33 -1.70 5.28
5/31/2011 27.52 -1.38 -3.74 4.09
6/30/2011 24.13 -3.40 -5.26 2.35
7/31/2011 20.14 -6.61 -6.98 0.27
8/31/2011 10.14 -12.43 -13.53 -5.18
9/30/2011 -0.21 -19.05 -21.00 -11.84
10/31/2011 12.04 -9.78 -12.83 -2.21
11/30/2011 8.62 -10.25 -14.96 -2.42
12/31/2011 10.44 -8.44 -15.00 -1.42
1/31/2012 17.12 -4.98 -10.74 2.99
2/29/2012 23.07 -1.19 -6.38 7.45
3/31/2012 25.87 1.74 -5.18 10.98
4/30/2012 23.98 0.70 -6.25 10.29
5/31/2012 15.23 -5.21 -14.34 3.66
6/30/2012 19.12 -0.50 -9.98 7.93
7/31/2012 21.42 0.53 -8.82 9.43
8/31/2012 25.43 2.71 -6.51 11.89
9/30/2012 29.30 5.97 -3.94 14.78
10/31/2012 29.90 5.45 -4.59 12.66
11/30/2012 28.39 5.41 -3.37 13.32
12/31/2012 31.58 7.59 -1.55 14.35
1/31/2013 38.80 14.58 3.46 20.27
2/28/2013 39.58 16.22 3.63 21.91
3/31/2013 46.08 20.83 6.06 26.48
4/30/2013 50.54 22.66 9.40 28.92
5/31/2013 55.46 25.80 9.44 31.93
6/30/2013 52.02 24.70 6.74 30.16
7/31/2013 59.94 31.43 12.36 36.78
8/31/2013 55.57 26.44 9.97 32.82
9/30/2013 58.39 29.61 15.47 36.99
10/31/2013 64.42 35.29 19.99 43.28
11/30/2013 70.40 39.06 22.12 47.65
12/31/2013 73.20 42.58 24.71 51.39
1/31/2014 65.66 37.52 20.09 46.15
2/28/2014 73.42 43.46 26.10 52.84
3/31/2014 76.43 46.89 26.28 54.12
4/30/2014 77.93 48.29 27.58 55.26
5/31/2014 81.14 50.46 30.09 58.91
6/30/2014 87.14 54.39 32.42 62.19
7/31/2014 84.25 51.76 30.30 59.95
8/31/2014 91.70 57.33 33.17 66.35
9/30/2014 84.61 54.09 29.56 64.02
10/31/2014 87.74 57.55 30.40 68.03
11/30/2014 91.54 60.78 33.01 72.54
12/31/2014 90.60 61.76 30.87 72.11
1/31/2015 81.87 55.30 28.49 66.94
2/28/2015 93.63 62.81 36.02 76.54
3/31/2015 92.59 60.59 33.89 73.75
4/30/2015 95.63 62.10 37.03 75.41
5/31/2015 96.59 64.04 37.51 77.67
6/30/2015 90.33 60.77 34.31 74.23
7/31/2015 89.19 61.47 36.72 77.88
8/31/2015 79.90 51.86 27.67 67.15
9/30/2015 69.85 47.27 22.96 63.01
10/31/2015 81.27 58.38 32.71 76.76
11/30/2015 80.48 58.99 32.05 77.29
12/31/2015 71.88 55.57 29.73 74.49
1/31/2016 58.77 47.53 21.96 65.83
2/29/2016 58.38 47.50 21.06 65.61
3/31/2016 70.22 58.12 29.27 76.84
4/30/2016 72.56 61.44 31.32 77.53
5/31/2016 74.26 63.95 32.05 80.72
6/30/2016 71.84 65.37 30.58 81.19
7/31/2016 80.23 70.17 36.09 87.87
8/31/2016 83.64 71.48 36.20 88.13
9/30/2016 82.97 71.12 36.93 88.17
10/31/2016 82.11 68.47 34.28 84.73
11/30/2016 91.48 78.10 36.21 91.57
12/31/2016 97.09 82.55 39.47 95.36
1/31/2017 98.82 83.85 42.83 99.07
2/28/2017 105.33 90.45 46.80 106.97
3/31/2017 102.89 88.51 48.36 107.21
4/30/2017 102.82 88.16 50.56 109.34
5/31/2017 100.95 87.98 53.74 112.29
6/30/2017 105.37 91.05 54.33 113.61
7/31/2017 109.53 93.59 58.03 118.00
8/31/2017 105.71 91.33 58.25 118.67
9/30/2017 111.78 97.00 61.80 123.18
10/31/2017 115.22 98.43 64.86 128.39
11/30/2017 118.53 104.51 68.43 135.39
12/31/2017 121.91 107.49 70.71 138.01
1/31/2018 129.67 115.51 79.72 151.64
2/28/2018 119.65 105.22 72.28 142.36
3/31/2018 114.82 101.61 68.52 136.20
4/30/2018 115.65 102.28 70.46 137.11
Date Dividends
6/27/2008 0.1431
9/26/2008 0.1363
12/18/2008 0.239
3/20/2009 0.1757
6/19/2009 0.2174
9/25/2009 0.1066
12/17/2009 0.1678
3/19/2010 0.0696
6/25/2010 0.0843
9/24/2010 0.0864
12/17/2010 0.203
3/25/2011 0.098
6/24/2011 0.1355
9/23/2011 0.0996
12/8/2011 0.3227
3/23/2012 0.1162
6/22/2012 0.1576
9/21/2012 0.1341
12/6/2012 0.334
3/22/2013 0.1311
6/21/2013 0.1743
9/20/2013 0.1855
12/11/2013 0.3976
3/21/2014 0.2161
6/20/2014 0.1241
9/19/2014 0.1816
12/9/2014 0.2461
3/19/2015 0.1561
6/18/2015 0.1773
9/24/2015 0.2275
12/8/2015 0.5066
3/24/2016 0.1321
6/23/2016 0.1406
9/22/2016 0.1787
12/12/2016 0.212
3/23/2017 0.1312
6/22/2017 0.1804
9/21/2017 0.1728
12/11/2017 0.2811
3/22/2018 0.1059

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 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 05/21/2018

Date 2013 2014 2015 2016 2017
Short Term 0.5080 0.7101 0.4129 0.1021
Long Term 0.5971 1.0410 1.0579 0.1331
Total Amount of Distribution 1.1051 1.7510 1.4708 0.2352
Record Date 12/9/13 12/8/14 12/7/15 12/8/17
Ex Div Date 12/10/13 12/9/14 12/8/15 12/11/17
Pay Date 12/11/13 12/9/14 12/8/15 12/11/17

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

Portfolio

Top Holdings

(49.2% of assets as of 04/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 7
Country Equity Income Fund Russell 1000® Value Index Overweight / Underweight
United States 92.3% 99.8% -7.5%
United Kingdom 4.5% 0.0% 4.4%
Canada 1.6% 0.0% 1.6%
Developed Markets Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Americas 93.9% 99.8% -5.9%
Europe 4.5% 0.2% 4.3%
Equity Sector Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Financials 23.0% 26.9% -3.9%
Information Technology 11.7% 9.1% 2.6%
Health Care 11.4% 13.7% -2.4%
Energy 11.2% 11.7% -0.5%
Consumer Discretionary 9.3% 6.7% 2.6%
Industrials 7.8% 8.0% -0.1%
Utilities 7.1% 6.0% 1.1%
Consumer Staples 6.6% 7.7% -1.1%
Telecommunication Services 4.0% 2.8% 1.2%
Real Estate 3.4% 4.6% -1.2%
Materials 2.9% 2.9% 0.0%
Industry Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Banks 13.1% 12.8% 0.3%
Oil Gas & Consumable Fuels 10.6% 10.3% 0.2%
Electric Utilities 7.1% 3.6% 3.5%
Capital Markets 6.9% 4.3% 2.6%
Hotels Restaurants & Leisure 5.6% 0.7% 4.8%
Pharmaceuticals 5.1% 6.5% -1.4%
Semiconductors & Semiconductor Equipment 4.1% 3.1% 1.0%
Diversified Telecommunication Services 4.0% 2.6% 1.4%
Communications Equipment 3.8% 2.1% 1.7%
Aerospace & Defense 3.7% 2.0% 1.6%
Equity Real Estate Investment Trusts (REITs) 3.4% 4.4% -1.0%
Beverages 3.3% 0.6% 2.7%
Software 2.5% 1.4% 1.1%
Health Care Equipment & Supplies 2.3% 2.9% -0.6%
Health Care Providers & Services 2.1% 2.5% -0.4%
Electrical Equipment 1.9% 0.8% 1.1%
Biotechnology 1.8% 1.1% 0.7%
Automobiles 1.6% 0.8% 0.8%
Containers & Packaging 1.4% 0.4% 1.0%
Tobacco 1.4% 1.0% 0.4%
Asset Allocation Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Equity 98.3% 100.0% -1.7%
Market Cap Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Large 86.9% 80.0% 6.9%
Mid 9.2% 18.9% -9.7%
Small 2.2% 1.1% 1.1%
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1081
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-4.43
-3.39
Beta
1.06
1.07
Information Ratio
-1.18
-0.91
R-Squared
90.11
91.20
Sharpe Ratio
0.28
0.66
Standard Deviation
11.57
11.20
Upside Capture
93.26
97.15
Downside Capture
129.79
123.66
Sortino Ratio
0.12
0.30
Win Ratio
39.00
42.00
Loss Ratio
61.00
58.00
Tracking Error
3.68
3.39
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
3/22/2018
Per Share ($)
$0.1059
12-Month Distribution ($)
$0.7402
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$146.30 B
$119.40 B
Median Market Cap (weighted)
$96.10 B
$64.40 B
P/E Ratio (LTM)
16.24
18.38
P/E Ratio (NTM)
13.84
14.44
Price/Book
2.17
2.02
Debt to Capital Ratio
54.07
44.38
Turnover Ratio
46.00%
-
Active Share
66.74%
-
Yields
Dividend Yield (with sales charge)
1.28%
Dividend Yield (w/o sales charge)
1.36%
Standardized Yield
1.97%
Distribution Sources
  • D
Net Income
86.90%
Net Profit from Sale
0.00%
Other Capital Sources
13.10%
Documents
  1. 1. On 8/1/07, the Fund's investment objective changed from "seeks capital appreciation" to "seeks total return." Performance prior to 8/1/07 is not indicative of performance for any subsequent periods.
  2. 2. Special Risks: Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. 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. There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time. Diversification does not guarantee profit or protect against loss.
  3. 3. 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.
  4. 4. Access index definitions.
  5. 5. Top Holdings represent stock holdings only and do not include cash and cash equivalents or fixed income holdings.
  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. 8. Standardized yield for each share class is based on an SEC standardized formula designed to approximate a Fund's annualized hypothetical current income from securities less expenses for the 30-day period ending and including the most recent month-end or quarter-end and either that date's maximum offering price (Class A shares) or net asset value (for other share classes). The month-end figure is typically calculated on the fifth business day of the next month. The result is compounded semiannually and annualized. Falling share prices artificially increase yields.
  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 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.
  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.
  13. 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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