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OGRYX

Global Real Estate Fund

Overview

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)

Inception Date
March 20, 2013
Investment Style
Global Real Estate
Fund Index
FTSE EPRA/NAREIT Global NR Index
CUSIP
68385C402
NAV
  • A
(as of 05/25/2018)
$10.45
Total Assets
(as of 04/30/2018)
$50.82 MM
Gross Expense Ratio
(as of 04/30/2018)
1.30%
Net Expense Ratio
(as of 04/30/2018)
1.10%
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

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr since inception
Global Real Estate Fund (NAV)
-1.90% -1.90% 7.57% 1.68% 5.07% 5.31%
FTSE EPRA/NAREIT Global NR Index
-3.56% -3.56% 6.55% 2.76% 4.29% 4.60%
Cumulative
Annualized
3 mo ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr since inception
Global Real Estate Fund (NAV)
-2.60% -0.57% 7.64% 2.76% 3.84% 5.50%
FTSE EPRA/NAREIT Global NR Index
-3.18% -1.93% 7.04% 3.34% 3.26% 4.86%
Gross Expense Ratio: 1.30% | Net Expense Ratio: 1.10%

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.


Year Global Real Estate Fund FTSE EPRA/NAREIT Global NR Index
2014 15.21% 13.92%
2015 1.45% -1.19%
2016 -1.01% 3.75%
2017 12.18% 14.00%

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.


Date Global Real Estate Fund FTSE EPRA NAREIT Global NR Index BBG Barclays Agg S&P 500
4/30/2013 0.00 0.00 0.00 0.00
5/31/2013 -7.44 -7.32 -1.78 2.34
6/30/2013 -10.10 -10.67 -3.30 0.96
7/31/2013 -8.62 -9.84 -3.17 6.10
8/31/2013 -12.87 -13.78 -3.67 3.03
9/30/2013 -7.35 -8.95 -2.75 6.26
10/31/2013 -4.47 -6.29 -1.97 11.15
11/30/2013 -7.16 -9.75 -2.34 14.53
12/31/2013 -6.46 -10.09 -2.89 17.43
1/31/2014 -7.86 -10.73 -1.45 13.37
2/28/2014 -3.93 -7.06 -0.93 18.56
3/31/2014 -3.93 -6.66 -1.10 19.55
4/30/2014 -1.21 -4.11 -0.26 20.44
5/31/2014 1.98 -1.22 0.87 23.26
6/30/2014 3.51 -0.22 0.93 25.81
7/31/2014 3.70 0.93 0.67 24.08
8/31/2014 5.11 2.28 1.78 29.04
9/30/2014 -0.78 -4.17 1.09 27.23
10/31/2014 6.77 1.76 2.09 30.34
11/30/2014 6.96 2.80 2.81 33.84
12/31/2014 7.77 2.42 2.91 33.51
1/31/2015 13.15 6.94 5.06 29.50
2/28/2015 12.86 6.72 4.08 36.94
3/31/2015 13.32 6.38 4.56 34.78
4/30/2015 11.26 6.36 4.18 36.07
5/31/2015 10.28 4.31 3.93 37.82
6/30/2015 5.44 0.06 2.80 35.15
7/31/2015 10.16 2.44 3.51 37.98
8/31/2015 3.87 -4.11 3.37 29.66
9/30/2015 5.31 -3.32 4.07 26.45
10/31/2015 10.85 2.46 4.08 37.11
11/30/2015 8.67 0.26 3.81 37.52
12/31/2015 9.34 1.20 3.47 35.35
1/31/2016 4.84 -3.86 4.90 28.64
2/29/2016 3.64 -3.29 5.64 28.46
3/31/2016 13.28 6.15 6.61 37.18
4/30/2016 11.97 6.25 7.02 37.71
5/31/2016 13.28 5.71 7.05 40.18
6/30/2016 16.15 9.65 8.97 40.55
7/31/2016 20.69 15.12 9.66 45.73
8/31/2016 17.26 12.60 9.53 45.93
9/30/2016 15.97 11.65 9.47 45.96
10/31/2016 9.46 5.61 8.63 43.30
11/30/2016 5.69 2.38 6.06 48.60
12/31/2016 8.23 5.00 6.21 51.54
1/31/2017 8.56 6.10 6.42 54.42
2/28/2017 12.06 9.55 7.14 60.55
3/31/2017 10.73 8.34 7.08 60.73
4/30/2017 12.16 9.66 7.91 62.39
5/31/2017 13.04 11.11 8.74 64.67
6/30/2017 13.98 12.06 8.63 65.70
7/31/2017 16.08 15.02 9.09 69.11
8/31/2017 16.52 15.34 10.07 69.62
9/30/2017 16.17 15.58 9.55 73.12
10/31/2017 16.84 15.06 9.61 77.16
11/30/2017 19.62 17.69 9.47 82.60
12/31/2017 21.42 19.70 9.97 84.63
1/31/2018 23.95 21.24 8.71 95.20
2/28/2018 15.43 12.94 7.68 88.00
3/31/2018 19.12 15.44 8.37 83.22
4/30/2018 20.73 17.38 7.56 83.93
Date Dividends
6/20/2013 0.0606
9/19/2013 0.0382
12/20/2013 0.0944
3/20/2014 0.0197
6/19/2014 0.0326
9/18/2014 0.0446
12/18/2014 0.3738
12/29/2014 0.0109
3/18/2015 0.0169
6/17/2015 0.0469
9/23/2015 0.0659
12/17/2015 0.1036
3/23/2016 0.0327
6/22/2016 0.0566
9/21/2016 0.1009
12/15/2016 0.3635
3/22/2017 0.048
6/21/2017 0.0661
9/20/2017 0.0692
12/14/2017 0.0197

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 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.

$ per share as of 05/27/2018

Date 2013 2014 2015 2016 2017
Short Term 0.0130 0.1856
Long Term 0.1698 0.3488
Total Amount of Distribution 0.0130 0.3553 0.3488
Record Date 12/16/15 12/14/16 12/13/17
Ex Div Date 12/17/15 12/15/16 12/14/17
Pay Date 12/17/15 12/15/16 12/14/17

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

Portfolio

Top Issuers

(48.0% of assets as of 04/30/2018)


Portfolio Holdings Breakdown

Country
Equity Sector
Asset Allocation
Market Cap 7
Country Global Real Estate Fund FTSE EPRA/NAREIT Global NR Index Overweight / Underweight
United States 45.3% 43.8% 1.5%
Japan 9.3% 9.8% -0.5%
Hong Kong 8.0% 7.8% 0.2%
China 5.7% 6.4% -0.7%
Australia 5.2% 4.9% 0.3%
Germany 4.6% 4.2% 0.4%
France 4.4% 3.0% 1.4%
Singapore 4.1% 2.8% 1.3%
United Kingdom 3.7% 4.8% -1.1%
Spain 2.0% 0.7% 1.3%
Sweden 1.8% 1.3% 0.5%
Canada 1.4% 2.6% -1.2%
Ireland 0.8% 0.2% 0.6%
Philippines 0.8% 0.8% 0.0%
Thailand 0.4% 0.7% -0.2%
Indonesia 0.1% 0.3% -0.2%
Equity Sector Global Real Estate Fund FTSE EPRA/NAREIT Global NR Index Overweight / Underweight
Diversified 29.2% 32.1% -3.0%
Residential 21.2% 16.4% 4.8%
Retail 14.4% 19.3% -4.9%
Office 13.7% 10.9% 2.8%
Industrial 10.2% 7.8% 2.4%
Lodging/Resorts 4.3% 3.6% 0.7%
Healthcare 4.0% 5.8% -1.8%
Industrial/Office Mixed 0.8% 0.8% -0.1%
Asset Allocation Global Real Estate Fund FTSE EPRA/NAREIT Global NR Index Overweight / Underweight
Equity 97.7% 100.0% -2.3%
Market Cap Global Real Estate Fund FTSE EPRA/NAREIT Global NR Index Overweight / Underweight
Large 53.7% 45.3% 8.3%
Mid 34.3% 42.0% -7.8%
Small 9.7% 12.6% -2.9%
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
195
Category
Global Real Estate
Performance Statistics
3Y
5Y
Alpha
-0.41
0.65
Beta
0.94
0.98
Information Ratio
-0.21
0.21
R-Squared
94.25
94.55
Sharpe Ratio
0.24
0.35
Standard Deviation
11.44
11.80
Sortino Ratio
0.10
0.15
Tracking Error
2.82
2.77
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
12/14/2017
Per Share ($)
$0.0197
12-Month Distribution ($)
$0.1550
Portfolio Characteristics
Fund
Fund Index
P/E Ratio (LTM)
17.82
17.96
P/E Ratio (NTM)
21.44
20.23
Price/Book
1.50
1.42
Turnover Ratio
124.00%
-
Distribution Rate
Distribution
0.75%
Adjusted Distribution
0.61%
Distribution Sources
  • D
Net Income
4.05%
Net Profit from Sale
76.99%
Other Capital Sources
18.96%
Documents
  1. 1. The Fund's portfolio managers are employed by its Sub-Sub-Adviser, Barings 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. 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.
  5. 5. Access index definitions.
  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. 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.
  9. 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.
  10. 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.
  11. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  12. 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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