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Multi Asset

The Strategy dynamically allocates across a blend of alpha, income and real asset alternatives.
Cumulative Total Returns

as of 8/31/16

Since Inception 12/28/12
2%
Performance & Distributions
×

Multi Asset

Gross Expense Ratio:
      0.97%
    Net Expense Ratio:   0.93%

    The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.

    Cumulative Returns
    • A

    Compare to Indices

    Global Multi-Alternatives Fund
    VALUE of $10,000.00

    Income Dividend History
    • B

    No income dividends were paid during this time.
    Calendar Year Returns % (w/o sales charge)
    Data as of 9/28/16
      2013 2014 2015 YTD
    • C
    Global Multi-Alternatives Fund -3.32 3.45 -2.56 4.76
    BofA/ML 3-month US T-Bill (Linked Index) -4.81 4.89 0.05
    Capital Gains Distributions ($ per share)
    Data as of 9/28/16
      2011 2012 2013 2014 2015
    Short Term
    Long Term 0.0051
    Total Amount of Distribution 0.0051
    Record Date 12/30/13
    Ex Div Date 12/31/13
    Pay Date 12/31/13

    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 investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.

    Average Annual Total Returns
    • A

    as of 8/31/16

    as of 6/30/16

    • A
    YTD (as of 9/28/16)
    • C
    4.76%
    1 Year 2.39%
    3 Year 1.65%
    Since Inception 0.59%
    YTD (as of 9/28/16)
    • C
    4.76%
    1 Year 2.39%
    3 Year 1.65%
    Since Inception 0.59%
    YTD (as of 9/28/16)
    • C
    4.76%
    1 Year 0.60%
    3 Year 2.03%
    Since Inception 0.49%
    YTD (as of 9/28/16)
    • C
    4.76%
    1 Year 0.60%
    3 Year 2.03%
    Since Inception 0.49%
    Gross Expense Ratio
    0.97%
    Net Expense Ratio
    0.93%
    NAV
    • D
    as of 9/28/16
    $9.69

    The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.

    "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges.  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.

    Top Funds

    as of 8/31/16

    Opp Global Multi Strategies F...
    30.8%
    Opp Fundamental Alternatives ...
    21.8%
    Opp Mstr Loan Fund, LLC
    15.1%
    Opp Mstr Event-Linked Bond Fu...
    8.8%
    Opp Global Real Estate Fund
    5.2%
    ×
    • 30.8 %
      Opp Global Multi Strategies Fund
    COUNTRY United States
    ×
    • 21.8 %
      Opp Fundamental Alternatives Fund
    COUNTRY United States
    ×
    • 15.1 %
      Opp Mstr Loan Fund, LLC
    COUNTRY United States
    ×
    • 8.8 %
      Opp Mstr Event-Linked Bond Fund, LLC
    COUNTRY United States
    ×
    • 5.2 %
      Opp Global Real Estate Fund
    COUNTRY United States
    Holdings Breakdown

    as of 8/31/16

    83.0%

    United States

    2.4%

    Eurozone

    2.3%

    Sweden

    2.3%

    Supranational (non-iso)

    1.3%

    Bermuda

    1.2%

    Cayman Islands

    1.2%

    Russia

    1.1%

    Indonesia

    No Top Funds
    in
    Indonesia
    0.9%

    Chile

    0.8%

    Brazil

    0.6%

    Turkey

    0.6%

    China

    0.6%

    Netherlands

    0.5%

    Mexico

    0.5%

    United Kingdom

    0.4%

    South Africa

    0.4%

    Colombia

    0.3%

    Singapore

    0.3%

    South Korea

    0.3%

    Norway

    Developed Markets 7
    Emerging Markets 7
    85.0%

    Americas

    No Top Funds
    in
    Americas
    2.3%

    Supranational

    No Top Funds
    in
    Supranational
    -3.6%

    Europe

    No Top Funds
    in
    Europe
    -3.8%

    Asia Pacific

    No Top Funds
    in
    Asia Pacific
    2.8%

    Americas

    No Top Funds
    in
    Americas
    2.2%

    Europe

    No Top Funds
    in
    Europe
    0.4%

    Africa

    No Top Funds
    in
    Africa
    0.1%

    Asia Pacific

    No Top Funds
    in
    Asia Pacific
    53.7%

    29.0%

    5.2%

    -2.5%

    150.9%
    Long
    -97.2%
    Short
    29.8%
    Long
    -0.8%
    Short
    5.2%
    Long
    0.0%
    Short
    4.4%
    Long
    -6.9%
    Short
    Morningstar
    • E

    as of 8/31/16

    (based on risk adjusted performance)

    Overall Rating
    Number of Funds 252
    Category Multialternative
    Equity Style
    Total Assets (all classes)
    as of 8/31/16
    $34.6 MM
    Portfolio Statistics

    as of

    P/E Operating (LTM) 21.30
    Investment Minimums
    Initial
    $1,000
    Dividends ($ per share)
    • B
    Est Frequency Annual
    Last Pay Date 12/22/15
    Per Share ($) 0.2203
    12-Month Distribution ($) 0.2203
    Distribution Sources
    Net Income 100.00%
    Net Profit from Sale 0.00%
    Other Capital Sources 0.00%
    Top Funds

    as of 8/31/16

    Opp Global Mult...
    30.8%
    Opp Fundamental...
    21.8%
    Opp Mstr Loan F...
    15.1%
    Opp Mstr Event-...
    8.8%
    Opp Global Real...
    5.2%
    Holdings Breakdown

    as of 8/31/16

    Reset
    83.0%

    United States

    2.4%

    Eurozone

    2.3%

    Sweden

    2.3%

    Supranational (non-iso)

    1.3%

    Bermuda

    1.2%

    Cayman Islands

    1.2%

    Russia

    1.1%

    Indonesia

    No Top Funds
    in
    Indonesia
    0.9%

    Chile

    0.8%

    Brazil

    0.6%

    Turkey

    0.6%

    China

    0.6%

    Netherlands

    0.5%

    Mexico

    0.5%

    United Kingdom

    0.4%

    South Africa

    0.4%

    Colombia

    0.3%

    Singapore

    0.3%

    South Korea

    0.3%

    Norway

    85.0%

    Americas

    No Top Funds
    in
    Americas
    2.3%

    Supranational

    No Top Funds
    in
    Supranational
    -3.6%

    Europe

    No Top Funds
    in
    Europe
    -3.8%

    Asia Pacific

    No Top Funds
    in
    Asia Pacific
    2.8%

    Americas

    No Top Funds
    in
    Americas
    2.2%

    Europe

    No Top Funds
    in
    Europe
    0.4%

    Africa

    No Top Funds
    in
    Africa
    0.1%

    Asia Pacific

    No Top Funds
    in
    Asia Pacific
    53.7%

    29.0%

    5.2%

    -2.5%

    ×
    • 30.8 %
      Opp Global Multi Strategies Fund
    COUNTRY United States
    ×
    • 21.8 %
      Opp Fundamental Alternatives Fund
    COUNTRY United States
    ×
    • 15.1 %
      Opp Mstr Loan Fund, LLC
    COUNTRY United States
    ×
    • 8.8 %
      Opp Mstr Event-Linked Bond Fund, LLC
    COUNTRY United States
    ×
    • 5.2 %
      Opp Global Real Estate Fund
    COUNTRY United States

    Management

    Mark Hamilton

    Managed Fund since 8/13

    Dokyoung Lee, CFA

    Managed Fund since 1/14

    Ben Rockmuller, CFA

    Managed Fund since 1/14

    Alessio de Longis, CFA

    Managed Fund since 4/15

    Investment Approach

    This Strategy may help a portfolio hedge risks found in traditional asset classes.The managers seek a more attractive balance between growth, income and lower exposure to risk than any single fund can provide on its own.

    Risk Management

    Our team limits exposure to individual companies, industries and sectors, seeking to limit volatility through company quality and diversification. Risk Management Overview

    We conduct rigorous fundamental research to identify individual companies with asymmetrical risk/return opportunities. Risk Management Overview

    At the portfolio level, our experienced investment personnel closely monitor the strategy's positioning, and the active risk resulting from our security selection process and sector allocations. We evaluate factor and style exposure, as well as the ownership and liquidity profile of each security in the portfolio. Risk Management Overview

    Our team proactively manages risk by constructing diversified portfolios across sectors, industry groups and securities. We manage, monitor and limit sector weights relative to specified benchmarks and security position sizes within each portfolio. Risk Management Overview

    Our team closely monitors position size and sector weights; we have limits on active security weights against the benchmark for each strategy we manage. Risk Management Overview

    Risk is managed at the portfolio, strategy and security levels to identify diversified sources of alpha. We mainly focus on currency, interest rates and credit. Positions are sized and monitored according to established limits. Risk Management Overview

    We focus primarily on senior loans in an effort to maintain product integrity and limit duration risk. Risk Management Overview

    The team manages risk at both a strategy and individual security level to help ensure that, when combined, they act as the ballast in an investor’s overall portfolio. Risk Management Overview

    Risk is managed at the portfolio, strategy and security levels to identify diversified sources of alpha. We seek to identify primary and secondary risks of each investment. Diversification of sectors can potentially reduce volatility. Risk Management Overview

    The team manages risk by administering duration limits, limiting portfolio weighted average maturity and conducting thorough credit analysis on individual securities. Risk Management Overview

    The Rochester team has created diverse portfolios designed to mitigate the types of risks that municipal bond investors may encounter. Risk Management Overview

    The Commodities team manages risk on multiple levels, including individual commodity sector levels and overall fund level. Risk Management Overview

    The Real Estate team monitors and manages risk at the security, sector and strategy levels. Risk Management Overview

    The Global Multi-Asset Group monitors and manages risk on an ongoing basis, both at the asset class and portfolio levels. Risk Management Overview

    We emphasize capital preservation by avoiding companies that may cut distributions. We seek to build diversified portfolios comprised of energy and energy related companies with attractive risk-adjusted total return potential. Risk Management Overview

    The Alternative Strategies team evaluates risk on multiple levels, applying numerous risk analysis methods on an ongoing basis in addition to assessing risk impacts of a position prior to making investment decisions. Risk Management Overview

    Risk is monitored by quantitative risk system and managed at many levels – stock, sector, country, and style factors. We seek to diversify the portfolio across the global listed infrastructure market and adhere to an established risk framework, including constraints imposed by position limits versus a benchmark. Risk Management Overview

    We monitor and manage both security and sector weights to the underlying index to ensure that the portfolio is properly tracking its benchmark. Also, partnering with well-known index providers ensures that we hold only high quality securities that pass very stringent profitability and liquidity screens. Risk Management Overview

    ×

    Tools

    1. 1. In managing the portfolio, the managers will have the authority to select and substitute certain underlying Oppenheimer funds, as designated in the prospectus, and may be subject to potential conflicts of interest because the fees paid to it by some underlying funds are higher than the fees paid by others. However, the managers are obligated to act in each portfolio's best interests when selecting underlying funds. Each of the underlying funds in which the portfolios invest has its own investment risks, and those risks can affect the value of each portfolio's shares and investments. In addition, there is no guarantee that the underlying funds will achieve their investment objectives. The underlying funds may change their investment objectives or policies without the approval of the portfolio, and a portfolio may be forced to sell its shares of the underlying funds at a disadvantageous time.
    2. 2. Prior to 11/28/14, the Fund's name was Oppenheimer Diversified Alternatives Fund.
    3. 3. Special Risks: Alternative asset classes may be volatile and are subject to liquidity risk. 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. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. Currency derivative investments may be volatile and involve significant risks. Investments in mining and metal industry companies are speculative and may be subject to volatility. Commodity-linked investments are speculative and have substantial risks, including the loss of principal. 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. Investing in MLPs involves additional risks as compared to the risks of investing in common stock, including risks related to cash flow, dilution and voting rights. The Fund’s investments in securities issued by MLPs are concentrated in the energy infrastructure industry which may be subject to increased volatility. Energy infrastructure companies are subject to risks specific to the industry or sector such as fluctuations in commodity prices, reduced volumes of natural gas or other energy commodities, environmental hazards, changes in the macroeconomic or the regulatory environment or extreme weather. MLPs may trade less frequently than larger companies due to their smaller capitalizations. Additional management fees and other expenses are associated with investing in MLP funds. Diversification does not guarantee profit or protect against loss.
    4. 4. Class I shares are only offered to eligible institutional investors that make a minimum initial investment of $1 million or more and to retirement plan service provider platforms. The minimum account balance for class I shares is $2.5 million. Class I shares are sold at net asset value without a sales charge. Please see Fund prospectuses for additional information.
    5. 5. 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.
    6. 6. Access index definitions.
    7. 7. 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.
    8. A. The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
    9. B. There is no guarantee of the payment of any dividend or other distributions at any level.
    10. C. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges.  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. 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 p.m. ET daily.
    12. E. Class I shares rated 3 stars overall by Morningstar among  252  Multialternative funds for the 3-, 5-, and 10 year period ended 8/31/16 based on risk-adjusted performance.
    ×
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