Save this site as my preferred OppenheimerFunds experience
Save
No, Thanks

Spoof Access

×

Alternative

The Strategy focuses its investments in real estate companies throughout the world, but it can also invest in other securities (REITs, Common Stock, Foreign Securities)
Cumulative Total Returns

as of 8/31/16

Since Inception 3/20/13
26%
Performance & Distributions
×

Alternative

Gross Expense Ratio:
      1.58%
    Net Expense Ratio:   1.45%

    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.

    Cumulative Returns
    • A

    Compare to Indices

    Global Real Estate 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 9/26/16
      2014 2015 YTD
    • C
    Global Real Estate Fund 14.74 1.11 7.01
    FTSE EPRA NAREIT Global NR Index 13.92 -1.19
    Capital Gains Distributions ($ per share)
    Data as of 9/26/16
      2011 2012 2013 2014 2015
    Short Term 0.013
    Long Term
    Total Amount of Distribution 0.013
    Record Date 12/16/15
    Ex Div Date 12/17/15
    Pay Date 12/17/15

    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.

    Average Annual Total Returns
    • A

    as of 8/31/16

    as of 6/30/16

    • A
    YTD (as of 9/26/16)
    • C
    7.01%
    1 Year 12.42%
    3 Year 10.00%
    Since Inception 6.96%
    YTD (as of 9/26/16)
    • C
    7.01%
    1 Year 5.95%
    3 Year 7.85%
    Since Inception 5.13%
    YTD (as of 9/26/16)
    • C
    7.01%
    1 Year 9.68%
    3 Year 8.50%
    Since Inception 7.05%
    YTD (as of 9/26/16)
    • C
    7.01%
    1 Year 3.37%
    3 Year 6.38%
    Since Inception 5.13%
    Gross Expense Ratio
    1.58%
    Net Expense Ratio
    1.45%
    NAV
    • D
    as of 9/26/16
    $11.52
    Distribution Rate

    quarterly as of 9/21/16

    Distribution 3.21%
    Adjusted Distribution 2.71%

    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 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 20 Stock Holdings By Issuers

    (51.8% of assets) as of 8/31/16

    Simon Property Group, Inc.
    5.2%
    ProLogis Trust Reits
    3.7%
    Ventas, Inc.
    3.6%
    CyrusOne, Inc.
    3.4%
    Welltower, Inc.
    3.1%
    Unibail-Rodamco SE
    3.1%
    Boston Properties, Inc.
    2.8%
    Equinix, Inc.
    2.5%
    American Campus Communities
    2.4%
    Macerich Co.
    2.4%
    Duke Investments
    2.4%
    Vonovia SE
    2.3%
    Camden Property Trust
    2.1%
    Land Securities Group plc
    2.0%
    Vicinity Centres
    2.0%
    Mitsui Fudosan Co. Ltd.
    1.9%
    First Industrial Realty Trust...
    1.8%
    Acadia Realty Trust
    1.7%
    Kilroy Realty Corp.
    1.7%
    Mitsubishi Estate Co. Ltd.
    1.7%
    ×
    • 5.2 %
      Simon Property Group, Inc.
    • Engages in the retail real estate ownership, management and development
      Source: FactSet
    COUNTRY United States
    SECTOR Retail
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 3.7 %
      ProLogis Trust Reits
    • Owns, operates and develops industrial real estate properties
      Source: FactSet
    COUNTRY United States
    SECTOR Industrial
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 3.6 %
      Ventas, Inc.
    • Acquires and owns seniors housing and healthcare properties
      Source: FactSet
    COUNTRY United States
    SECTOR Healthcare
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 3.4 %
      CyrusOne, Inc.
    • Owns and operates enterprise-class and carrier-neutral data center properties
      Source: FactSet
    COUNTRY United States
    SECTOR Diversified
    ASSET CLASS Equity
    MARKET CAP Mid
    ×
    • 3.1 %
      Welltower, Inc.
    • Real Estate Investment Trust/REIT
      Source: FactSet
    COUNTRY United States
    SECTOR Healthcare
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 3.1 %
      Unibail-Rodamco SE
    • Invests in and manages commercial real estate
      Source: FactSet
    COUNTRY France
    SECTOR Retail
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 2.8 %
      Boston Properties, Inc.
    • Operates as a real estate investment trust
      Source: FactSet
    COUNTRY United States
    SECTOR Office
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 2.5 %
      Equinix, Inc.
    • Provides global data center
      Source: FactSet
    COUNTRY United States
    SECTOR Diversified
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 2.4 %
      American Campus Communities
    • Specializes in the acquisition, design, finance, development, management, construction management, and leasing of student housing properties
      Source: FactSet
    COUNTRY United States
    SECTOR Residential
    ASSET CLASS Equity
    MARKET CAP Mid
    ×
    • 2.4 %
      Macerich Co.
    • Operates as a real estate investment trust, which engages in the acquisition, ownership, development, redevelopment, management and leasing
      Source: FactSet
    COUNTRY United States
    SECTOR Retail
    ASSET CLASS Equity
    MARKET CAP Mid
    ×
    • 2.4 %
      Duke Investments
    • Operates as real estate investment trust
      Source: FactSet
    COUNTRY United States
    SECTOR Industrial/Office Mixed
    ASSET CLASS Equity
    MARKET CAP Mid
    ×
    • 2.3 %
      Vonovia SE
    • Operates as a holding company, which though its subsidiaries, engages in the residential real estate business
      Source: FactSet
    COUNTRY Germany
    SECTOR Residential
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 2.1 %
      Camden Property Trust
    • Operates as a real estate investment trust, which engages in the ownership, management, development, acquisition, and construction of multifamily apartment communities
      Source: FactSet
    COUNTRY United States
    SECTOR Residential
    ASSET CLASS Equity
    MARKET CAP Mid
    ×
    • 2.0 %
      Land Securities Group plc
    • Engages in real estate investment services
      Source: FactSet
    COUNTRY United Kingdom
    SECTOR Diversified
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 2.0 %
      Vicinity Centres
    • Operates as real estate investment trust
      Source: FactSet
    COUNTRY Australia
    SECTOR Retail
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 1.9 %
      Mitsui Fudosan Co. Ltd.
    • Develops, leases and manages real estate; manages resort hotels
      Source: FactSet
    COUNTRY Japan
    SECTOR Diversified
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 1.8 %
      First Industrial Realty Trust, Inc.
    • Provides real estate services
      Source: FactSet
    COUNTRY United States
    SECTOR Industrial
    ASSET CLASS Equity
    MARKET CAP Small
    ×
    • 1.7 %
      Acadia Realty Trust
    • Provides acquisition, redevelopment and management services of retail properties
      Source: FactSet
    COUNTRY United States
    SECTOR Retail
    ASSET CLASS Equity
    MARKET CAP Small
    ×
    • 1.7 %
      Kilroy Realty Corp.
    • Real estate investment trust
      Source: FactSet
    COUNTRY United States
    SECTOR Office
    ASSET CLASS Equity
    MARKET CAP Mid
    ×
    • 1.7 %
      Mitsubishi Estate Co. Ltd.
    • Engages in construction and real estate management services
      Source: FactSet
    COUNTRY Japan
    SECTOR Diversified
    ASSET CLASS Equity
    MARKET CAP Large
    Holdings Breakdown

    as of 8/31/16

    56.1%

    United States

    10.8%

    Japan

    6.9%

    Australia

    6.3%

    Singapore

    No Top Stock Holdings By Issuers
    in
    Singapore
    4.7%

    United Kingdom

    4.5%

    France

    4.3%

    Hong Kong

    No Top Stock Holdings By Issuers
    in
    Hong Kong
    2.3%

    Germany

    1.1%

    Netherlands

    No Top Stock Holdings By Issuers
    in
    Netherlands
    0.4%

    Canada

    No Top Stock Holdings By Issuers
    in
    Canada
    28.8%

    Retail

    24.1%

    Diversified

    12.5%

    Residential

    11.5%

    Industrial

    9.4%

    Office

    7.9%

    Healthcare

    2.4%

    Industrial/Office Mixed

    0.8%

    Lodging/Resorts

    No Top Stock Holdings By Issuers
    in
    Lodging/Resorts
    97.4%

    2.6%

    No Top Stock Holdings By Issuers
    in
    Net Cash and Equivalents
    53.7%

    Large

    37.5%

    Mid

    8.8%

    Small

    Morningstar
    • E

    as of 8/31/16

    (based on risk adjusted performance)

    Overall Rating
    Number of Funds 206
    Category Global Real Estate
    Risk Measurements

    as of 8/31/16

    Alpha 1.01%
    Beta 0.96
    R-Squared
    92.94
    Sharpe Ratio
    0.83
    Standard Deviation
    12.2%
    Equity Style
    Total Assets (all classes)
    as of 8/31/16
    $225.4 MM
    Portfolio Statistics

    as of

    Avg Market Cap (weighted) 15.3 BN
    Median Market Cap (weighted) 9.9 BN
    P/E (next 12 months) 28.61
    P/E Operating (LTM) 25.11
    Price/Book Value (LTM) 1.72
    Investment Minimums
    Initial
    $1,000
    Dividends ($ per share)
    • B
    Est Frequency Quarterly
    Last Pay Date 9/21/16
    Per Share ($) 0.0908
    12-Month Distribution ($) 0.2191
    Distribution Sources
    Net Income 84.50%
    Net Profit from Sale 0.00%
    Other Capital Sources 15.50%
    Top 20 Stock Holdings By Issuers

    (51.8% of assets) as of 8/31/16

    Simon Property ...
    5.2%
    ProLogis Trust ...
    3.7%
    Ventas, Inc.
    3.6%
    CyrusOne, Inc.
    3.4%
    Welltower, Inc....
    3.1%
    Unibail-Rodamco...
    3.1%
    Boston Properti...
    2.8%
    Equinix, Inc.
    2.5%
    American Campus...
    2.4%
    Macerich Co.
    2.4%
    Duke Investment...
    2.4%
    Vonovia SE
    2.3%
    Camden Property...
    2.1%
    Land Securities...
    2.0%
    Vicinity Centre...
    2.0%
    Mitsui Fudosan ...
    1.9%
    First Industria...
    1.8%
    Acadia Realty T...
    1.7%
    Kilroy Realty C...
    1.7%
    Mitsubishi Esta...
    1.7%
    Holdings Breakdown

    as of 8/31/16

    Reset
    56.1%

    United States

    10.8%

    Japan

    6.9%

    Australia

    6.3%

    Singapore

    No Top Stock Holdings By Issuers
    in
    Singapore
    4.7%

    United Kingdom

    4.5%

    France

    4.3%

    Hong Kong

    No Top Stock Holdings By Issuers
    in
    Hong Kong
    2.3%

    Germany

    1.1%

    Netherlands

    No Top Stock Holdings By Issuers
    in
    Netherlands
    0.4%

    Canada

    No Top Stock Holdings By Issuers
    in
    Canada
    28.8%

    Retail

    24.1%

    Diversified

    12.5%

    Residential

    11.5%

    Industrial

    9.4%

    Office

    7.9%

    Healthcare

    2.4%

    Industrial/Office Mixed

    0.8%

    Lodging/Resorts

    No Top Stock Holdings By Issuers
    in
    Lodging/Resorts
    97.4%

    2.6%

    No Top Stock Holdings By Issuers
    in
    Net Cash and Equivalents
    53.7%

    Large

    37.5%

    Mid

    8.8%

    Small

    ×
    • 5.2 %
      Simon Property Group, Inc.
    • Engages in the retail real estate ownership, management and development
      Source: FactSet
    COUNTRY United States
    SECTOR Retail
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 3.7 %
      ProLogis Trust Reits
    • Owns, operates and develops industrial real estate properties
      Source: FactSet
    COUNTRY United States
    SECTOR Industrial
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 3.6 %
      Ventas, Inc.
    • Acquires and owns seniors housing and healthcare properties
      Source: FactSet
    COUNTRY United States
    SECTOR Healthcare
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 3.4 %
      CyrusOne, Inc.
    • Owns and operates enterprise-class and carrier-neutral data center properties
      Source: FactSet
    COUNTRY United States
    SECTOR Diversified
    ASSET CLASS Equity
    MARKET CAP Mid
    ×
    • 3.1 %
      Welltower, Inc.
    • Real Estate Investment Trust/REIT
      Source: FactSet
    COUNTRY United States
    SECTOR Healthcare
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 3.1 %
      Unibail-Rodamco SE
    • Invests in and manages commercial real estate
      Source: FactSet
    COUNTRY France
    SECTOR Retail
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 2.8 %
      Boston Properties, Inc.
    • Operates as a real estate investment trust
      Source: FactSet
    COUNTRY United States
    SECTOR Office
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 2.5 %
      Equinix, Inc.
    • Provides global data center
      Source: FactSet
    COUNTRY United States
    SECTOR Diversified
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 2.4 %
      American Campus Communities
    • Specializes in the acquisition, design, finance, development, management, construction management, and leasing of student housing properties
      Source: FactSet
    COUNTRY United States
    SECTOR Residential
    ASSET CLASS Equity
    MARKET CAP Mid
    ×
    • 2.4 %
      Macerich Co.
    • Operates as a real estate investment trust, which engages in the acquisition, ownership, development, redevelopment, management and leasing
      Source: FactSet
    COUNTRY United States
    SECTOR Retail
    ASSET CLASS Equity
    MARKET CAP Mid
    ×
    • 2.4 %
      Duke Investments
    • Operates as real estate investment trust
      Source: FactSet
    COUNTRY United States
    SECTOR Industrial/Office Mixed
    ASSET CLASS Equity
    MARKET CAP Mid
    ×
    • 2.3 %
      Vonovia SE
    • Operates as a holding company, which though its subsidiaries, engages in the residential real estate business
      Source: FactSet
    COUNTRY Germany
    SECTOR Residential
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 2.1 %
      Camden Property Trust
    • Operates as a real estate investment trust, which engages in the ownership, management, development, acquisition, and construction of multifamily apartment communities
      Source: FactSet
    COUNTRY United States
    SECTOR Residential
    ASSET CLASS Equity
    MARKET CAP Mid
    ×
    • 2.0 %
      Land Securities Group plc
    • Engages in real estate investment services
      Source: FactSet
    COUNTRY United Kingdom
    SECTOR Diversified
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 2.0 %
      Vicinity Centres
    • Operates as real estate investment trust
      Source: FactSet
    COUNTRY Australia
    SECTOR Retail
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 1.9 %
      Mitsui Fudosan Co. Ltd.
    • Develops, leases and manages real estate; manages resort hotels
      Source: FactSet
    COUNTRY Japan
    SECTOR Diversified
    ASSET CLASS Equity
    MARKET CAP Large
    ×
    • 1.8 %
      First Industrial Realty Trust, Inc.
    • Provides real estate services
      Source: FactSet
    COUNTRY United States
    SECTOR Industrial
    ASSET CLASS Equity
    MARKET CAP Small
    ×
    • 1.7 %
      Acadia Realty Trust
    • Provides acquisition, redevelopment and management services of retail properties
      Source: FactSet
    COUNTRY United States
    SECTOR Retail
    ASSET CLASS Equity
    MARKET CAP Small
    ×
    • 1.7 %
      Kilroy Realty Corp.
    • Real estate investment trust
      Source: FactSet
    COUNTRY United States
    SECTOR Office
    ASSET CLASS Equity
    MARKET CAP Mid
    ×
    • 1.7 %
      Mitsubishi Estate Co. Ltd.
    • Engages in construction and real estate management services
      Source: FactSet
    COUNTRY Japan
    SECTOR Diversified
    ASSET CLASS Equity
    MARKET CAP Large

    Management

    David Wharmby, CFA

    Managed Fund since 3/13

    Henry Burgers, CFA

    Managed Fund since 3/13

    Investment Approach

    The portfolio managers combine extensive real estate expertise with rigorous securities analysis to invest in high quality real estate companies (REITs, Real estate operating companies, Developers, etc.). Top-down analysis is employed to determine geographic markets and property types the managers believe are most likely to outperform. This is combined with bottom-up analysis of each company's property portfolio, relative valuation, management strategy, and financial stability.

    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. The Fund's portfolio managers are employed by its Sub-Sub-Adviser, Barings Real Estate Advisers LLC.
    2. 2. Special Risks: 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. Small-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 small-sized company, if any gain is realized at all. 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.
    3. 3. The Fund intends to declare and pay dividends quarterly. At the time of the distribution, the amounts attributed to each category (dividend income, return of capital and/or capital gains) are estimated using historical information because the character of the amounts received from underlying real estate investment trusts ("REITs") is unknown until after the end of the calendar year. The amount distributed to shareholders is based on the underlying REIT distributions received less fund expenses. The distribution rate is based on the ex-dividend date immediately preceding the nearest month-end or quarter-end. The ex-dividend date is the day before the pay date. The distribution rate for each share class is calculated by annualizing the dividend distributed by the class on that date and dividing that figure by the class's net asset value on that date. Each result is compounded semiannually and annualized. Adjusted distribution rate for each share class is based on the Fund's distributed income less an estimate of the average return of capital based on historical ratios from the past three calendar years and that date's net asset value. The result is compounded semiannually and annualized. Falling share prices artificially increase distribution rates. Please note that OppenheimerFunds, Inc. is not quoting a 30-day SEC yield. See the Fund's prospectus for more information.
    4. 4. For Share Classes with less than a one-year track record, expense ratios are estimated based on the Manager's projections of those expenses for the coming fiscal year.
    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. 8. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund.
    9. A. 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.
    10. B. There is no guarantee of the payment of any dividend or other distributions at any level.
    11. 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.
    12. 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.
    13. E. Class A shares rated 2 stars overall by Morningstar among  206  Global Real Estate funds for the 3-, 5-, and 10 year period ended 8/31/16 based on risk-adjusted performance.
    ×
    Loading...
    Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )