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OPPAX

Global Fund

Overview

The Strategy typically invests in large-cap U.S. and foreign stocks.

Inception Date
December 22, 1969
Investment Style
Global Equity
Fund Index
MSCI ACWI
CUSIP
683924104
NAV
  • A
(as of 05/25/2018)
$98.70
Total Assets
(as of 04/30/2018)
$11.29 BN
Gross Expense Ratio
(as of 04/30/2018)
1.15%
Net Expense Ratio
(as of 04/30/2018)
1.15%
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
  • E
as of 03/31/2018
  • E

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • E
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Fund (NAV)
-0.13% 23.23% 9.67% 11.33% 7.90% 11.50%
MSCI ACWI
-0.96% 14.85% 8.12% 9.20% 5.57% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Fund (with sales charge)
-5.88% 16.14% 7.53% 10.02% 7.26% 11.37%
MSCI ACWI
-0.96% 14.85% 8.12% 9.20% 5.57% -
Cumulative
Annualized
ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Fund (NAV)
0.53% 19.12% 9.63% 10.75% 7.40% 11.50%
MSCI ACWI
-0.02% 14.16% 7.43% 8.80% 5.10% -
Cumulative
Annualized
ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Fund (with sales charge)
-5.25% 12.27% 7.49% 9.44% 6.76% 11.36%
MSCI ACWI
-0.02% 14.16% 7.43% 8.80% 5.10% -
Gross Expense Ratio: 1.15% | Net Expense Ratio: 1.15%

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 Global Fund MSCI ACWI
1970 9.31% -
1971 33.77% -
1972 12.48% -
1973 -22.00% -
1974 -32.62% -
1975 29.27% -
1976 19.69% -
1977 -0.15% -
1978 13.36% -
1979 50.55% -
1980 61.99% -
1981 -11.13% -
1982 14.12% -
1983 26.12% -
1984 -21.77% -
1985 49.11% -
1986 46.54% -
1987 -3.46% -
1988 22.99% -
1989 35.05% -
1990 -0.68% -
1991 27.36% -
1992 -14.20% -
1993 42.63% -
1994 -3.11% -
1995 16.58% -
1996 17.52% -
1997 21.82% -
1998 12.71% -
1999 58.48% -
2000 4.06% -
2001 -11.80% -16.21%
2002 -22.45% -19.32%
2003 43.08% 33.99%
2004 18.67% 15.23%
2005 13.83% 10.84%
2006 17.38% 20.95%
2007 5.97% 11.66%
2008 -41.03% -42.19%
2009 39.20% 34.63%
2010 15.68% 12.67%
2011 -8.69% -7.35%
2012 20.75% 16.13%
2013 26.77% 22.80%
2014 2.06% 4.16%
2015 3.89% -2.36%
2016 0.16% 7.86%
2017 36.23% 23.97%

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 Global Fund MSCI AC World Index S&P 500
4/30/2008 0.00 0.00 0.00
5/31/2008 1.33 1.56 1.30
6/30/2008 -8.84 -6.78 -7.24
7/31/2008 -9.74 -9.20 -8.02
8/31/2008 -9.55 -11.15 -6.69
9/30/2008 -19.90 -22.26 -15.01
10/31/2008 -36.30 -37.66 -29.28
11/30/2008 -41.36 -41.76 -34.36
12/31/2008 -37.47 -39.65 -33.66
1/31/2009 -42.78 -44.80 -39.25
2/28/2009 -47.52 -50.21 -45.72
3/31/2009 -42.94 -46.11 -40.96
4/30/2009 -36.54 -39.75 -35.31
5/31/2009 -29.51 -33.74 -31.69
6/30/2009 -29.83 -34.11 -31.56
7/31/2009 -22.86 -28.31 -26.38
8/31/2009 -20.69 -25.75 -23.72
9/30/2009 -16.69 -22.34 -20.88
10/31/2009 -18.16 -23.54 -22.35
11/30/2009 -14.27 -20.40 -17.69
12/31/2009 -12.61 -18.75 -16.10
1/31/2010 -15.19 -22.26 -19.12
2/28/2010 -13.83 -21.27 -16.61
3/31/2010 -7.37 -16.21 -11.58
4/30/2010 -7.77 -16.06 -10.19
5/31/2010 -16.82 -24.02 -17.36
6/30/2010 -19.38 -26.36 -21.68
7/31/2010 -11.82 -20.37 -16.20
8/31/2010 -15.83 -23.16 -19.98
9/30/2010 -6.93 -15.80 -12.84
10/31/2010 -3.11 -12.76 -9.52
11/30/2010 -5.16 -14.70 -9.51
12/31/2010 1.43 -8.46 -3.46
1/31/2011 4.08 -7.02 -1.17
2/28/2011 7.91 -4.31 2.21
3/31/2011 7.27 -4.41 2.25
4/30/2011 13.36 -0.50 5.28
5/31/2011 10.94 -2.63 4.09
6/30/2011 9.08 -4.17 2.35
7/31/2011 5.05 -5.73 0.27
8/31/2011 -3.47 -12.62 -5.18
9/30/2011 -12.85 -20.87 -11.84
10/31/2011 -2.61 -12.39 -2.21
11/30/2011 -5.43 -15.01 -2.42
12/31/2011 -7.15 -15.18 -1.42
1/31/2012 -2.45 -10.25 2.99
2/29/2012 2.72 -5.73 7.45
3/31/2012 5.76 -5.11 10.98
4/30/2012 2.81 -6.19 10.29
5/31/2012 -7.08 -14.60 3.66
6/30/2012 -2.81 -10.39 7.93
7/31/2012 -2.17 -9.16 9.43
8/31/2012 1.57 -7.18 11.89
9/30/2012 4.71 -4.26 14.78
10/31/2012 5.73 -4.90 12.66
11/30/2012 8.97 -3.68 13.32
12/31/2012 12.43 -1.50 14.35
1/31/2013 19.59 3.04 20.27
2/28/2013 18.64 3.02 21.91
3/31/2013 20.48 4.90 26.48
4/30/2013 24.58 7.90 28.92
5/31/2013 24.21 7.61 31.93
6/30/2013 21.32 4.46 30.16
7/31/2013 28.01 9.46 36.78
8/31/2013 24.05 7.18 32.82
9/30/2013 32.83 12.72 36.99
10/31/2013 36.55 17.25 43.28
11/30/2013 39.77 18.91 47.65
12/31/2013 42.92 20.96 51.39
1/31/2014 37.66 16.12 46.15
2/28/2014 45.47 21.73 52.84
3/31/2014 43.95 22.27 54.12
4/30/2014 43.26 23.43 55.26
5/31/2014 47.38 26.06 58.91
6/30/2014 49.52 28.43 62.19
7/31/2014 45.44 26.88 59.95
8/31/2014 49.04 29.68 66.35
9/30/2014 46.51 25.47 64.02
10/31/2014 46.76 26.36 68.03
11/30/2014 50.35 28.47 72.54
12/31/2014 46.22 25.99 72.11
1/31/2015 45.55 24.02 66.94
2/28/2015 56.42 30.93 76.54
3/31/2015 57.02 28.90 73.75
4/30/2015 58.27 32.64 75.41
5/31/2015 61.98 32.46 77.67
6/30/2015 61.23 29.35 74.23
7/31/2015 64.24 30.47 77.88
8/31/2015 51.77 21.53 67.15
9/30/2015 44.11 17.12 63.01
10/31/2015 55.71 26.31 76.76
11/30/2015 54.43 25.27 77.29
12/31/2015 52.26 23.01 74.49
1/31/2016 37.88 15.59 65.83
2/29/2016 34.20 14.80 65.61
3/31/2016 42.46 23.31 76.84
4/30/2016 44.93 25.13 77.53
5/31/2016 45.48 25.28 80.72
6/30/2016 40.03 24.52 81.19
7/31/2016 48.74 29.89 87.87
8/31/2016 51.07 30.33 88.13
9/30/2016 52.56 31.13 88.17
10/31/2016 50.46 28.90 84.73
11/30/2016 52.02 29.88 91.57
12/31/2016 52.86 32.69 95.36
1/31/2017 58.91 36.31 99.07
2/28/2017 65.15 40.14 106.97
3/31/2017 68.89 41.85 107.21
4/30/2017 75.92 44.06 109.34
5/31/2017 80.77 47.24 112.29
6/30/2017 83.51 47.91 113.61
7/31/2017 88.33 52.05 118.00
8/31/2017 90.13 52.63 118.67
9/30/2017 94.77 55.58 123.18
10/31/2017 101.85 58.81 128.39
11/30/2017 106.51 61.88 135.39
12/31/2017 108.76 64.49 138.01
1/31/2018 124.32 73.77 151.64
2/28/2018 114.02 66.48 142.36
3/31/2018 108.61 62.91 136.20
4/30/2018 110.02 64.47 137.11

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 05/27/2018

Date 2013 2014 2015 2016 2017
Short Term 0.0507
Long Term 2.2865 3.8205 3.3125 5.1492
Total Amount of Distribution 2.2865 3.8205 3.3632 5.1492
Record Date 12/6/13 12/5/14 12/4/15 12/5/17
Ex Div Date 12/9/13 12/8/14 12/7/15 12/6/17
Pay Date 12/10/13 12/8/14 12/7/15 12/6/17

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

Portfolio

Top Issuers

(50.0% of assets as of 04/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Global Fund MSCI ACWI Overweight / Underweight
United States 47.6% 52.0% -4.4%
Japan 14.6% 8.0% 6.6%
France 10.4% 3.7% 6.7%
Germany 9.2% 3.2% 6.0%
United Kingdom 5.5% 5.9% -0.4%
India 2.7% 1.0% 1.7%
Switzerland 2.5% 2.5% 0.0%
China 2.3% 3.6% -1.4%
Spain 2.1% 1.1% 1.0%
Sweden 1.2% 0.8% 0.3%
Denmark 0.6% 0.6% 0.1%
Argentina 0.4% - -
Italy 0.3% 0.9% -0.6%
Developed Markets Global Fund MSCI ACWI Overweight / Underweight
Americas 47.6% 55.0% -7.4%
Europe 31.7% 21.0% 10.8%
Asia Pacific 14.6% 11.8% 2.8%
Emerging Markets Global Fund MSCI ACWI Overweight / Underweight
Asia Pacific 5.0% 8.8% -3.8%
Americas 0.4% 1.5% -1.1%
Equity Sector Global Fund MSCI ACWI Overweight / Underweight
Information Technology 27.9% 18.6% 9.3%
Financials 17.1% 18.6% -1.5%
Consumer Discretionary 16.8% 12.4% 4.4%
Health Care 15.6% 10.6% 5.0%
Industrials 13.9% 10.7% 3.2%
Consumer Staples 4.1% 8.2% -4.1%
Real Estate 2.0% 3.0% -1.0%
Energy 1.0% 6.7% -5.7%
Materials 1.0% 5.4% -4.4%
Industry Global Fund MSCI ACWI Overweight / Underweight
Software 8.9% 3.7% 5.2%
Internet Software & Services 8.5% 4.0% 4.5%
Biotechnology 7.5% 1.7% 5.8%
Capital Markets 6.6% 2.7% 3.9%
Electronic Equipment Instruments & Components 6.4% 1.1% 5.3%
Textiles Apparel & Luxury Goods 6.1% 1.2% 4.8%
Health Care Providers & Services 5.9% 1.7% 4.2%
Insurance 5.7% 4.0% 1.7%
Banks 4.8% 10.2% -5.5%
Aerospace & Defense 3.3% 1.9% 1.4%
Automobiles 2.9% 1.8% 1.0%
Specialty Retail 2.8% 1.4% 1.4%
Electrical Equipment 2.6% 0.8% 1.8%
Semiconductors & Semiconductor Equipment 2.6% 3.2% -0.6%
Industrial Conglomerates 2.5% 1.5% 1.0%
Personal Products 2.1% 0.9% 1.3%
Real Estate Management & Development 2.0% 1.0% 1.0%
Household Products 1.9% 1.0% 1.0%
Internet & Direct Marketing Retail 1.8% 2.1% -0.3%
IT Services 1.5% 2.9% -1.3%
Asset Allocation Global Fund MSCI ACWI Overweight / Underweight
Equity 99.3% 100.0% -0.7%
Net Cash and Equivalents 0.7% - -
Market Cap Global Fund MSCI ACWI Overweight / Underweight
Large 84.6% 88.5% -3.8%
Mid 12.3% 11.4% 0.9%
Small 2.0% 0.1% 1.9%
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
722
Category
World Large Stock
Performance Statistics
3Y
5Y
Alpha
1.24
1.01
Beta
1.15
1.12
Information Ratio
0.46
0.43
R-Squared
88.54
87.57
Sharpe Ratio
0.72
0.86
Standard Deviation
13.23
12.29
Upside Capture
125.29
115.39
Downside Capture
122.31
110.15
Sortino Ratio
0.31
0.41
Tracking Error
4.77
4.49
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/6/2017
Per Share ($)
$0.5320
12-Month Distribution ($)
$0.5320
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$109.90 B
$130.40 B
Median Market Cap (weighted)
$58.60 B
$53.50 B
P/E Ratio (LTM)
23.72
18.47
P/E Ratio (NTM)
19.00
15.17
Price/Book
2.66
2.34
Return on Equity
14.35%
16.18%
EPS Growth Rate 3Y
16.95%
9.19%
EPS Growth Rate 5Y
12.91%
7.91%
Sales Growth Rate 3Y
8.11%
-
Sales Growth Rate 5Y
7.29%
-
Turnover Ratio
7.00%
-
Active Share
91.89%
-
Distribution Sources
  • D
Net Income
5.10%
Net Profit from Sale
90.10%
Other Capital Sources
4.80%
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. 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. 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. 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.
  7. 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.
  8. 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.
  9. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  10. E. 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. 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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