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GLVIX

Global Value Fund

Overview

The Strategy invests in a mix of undervalued U.S. and foreign stocks.

Inception Date
August 28, 2012
Investment Style
Global Value
Fund Index
MSCI ACWI
CUSIP
68380Q604
NAV
  • A
(as of 04/20/2018)
$53.97
Total Assets
(as of 03/31/2018)
$583.29 MM
Gross Expense Ratio
(as of 03/29/2018)
0.86%
Net Expense Ratio
(as of 03/29/2018)
0.86%
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 03/31/2018
  • 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 Value Fund (NAV)
3.83% 3.83% 20.64% 8.50% 10.00% 12.65%
MSCI ACWI
-0.96% -0.96% 14.85% 8.12% 9.20% -
Cumulative
Annualized
3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr since inception
Global Value Fund (NAV)
3.83% 3.83% 20.64% 8.50% 10.00% 12.65%
MSCI ACWI
-0.96% -0.96% 14.85% 8.12% 9.20% -
Gross Expense Ratio: 0.86% | Net Expense Ratio: 0.86%

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 Global Value Fund MSCI ACWI
2013 43.17% 22.80%
2014 -4.36% 4.16%
2015 -0.21% -2.36%
2016 -0.38% 7.86%
2017 25.62% 23.97%

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.


Date Global Value Fund MSCI ACWI S&P 500
3/31/2013 0.00 0.00 0.00
4/30/2013 3.17 2.86 1.93
5/31/2013 7.04 2.58 4.31
6/30/2013 5.16 -0.42 2.91
7/31/2013 13.19 4.34 8.15
8/31/2013 11.89 2.17 5.01
9/30/2013 19.97 7.45 8.31
10/31/2013 23.77 11.77 13.29
11/30/2013 25.50 13.35 16.74
12/31/2013 29.91 15.30 19.69
1/31/2014 22.67 10.69 15.56
2/28/2014 28.78 16.04 20.84
3/31/2014 27.15 16.55 21.86
4/30/2014 22.87 17.66 22.76
5/31/2014 26.14 20.17 25.64
6/30/2014 27.50 22.43 28.24
7/31/2014 21.33 20.94 26.47
8/31/2014 25.18 23.62 31.53
9/30/2014 19.36 19.61 29.68
10/31/2014 21.04 20.45 32.85
11/30/2014 25.33 22.46 36.42
12/31/2014 24.24 20.10 36.08
1/31/2015 18.37 18.22 31.99
2/28/2015 27.65 24.81 39.58
3/31/2015 26.12 22.87 37.37
4/30/2015 28.27 26.44 38.69
5/31/2015 30.78 26.27 40.47
6/30/2015 27.09 23.30 37.75
7/31/2015 29.92 24.37 40.64
8/31/2015 17.43 15.84 32.15
9/30/2015 14.19 11.65 28.88
10/31/2015 25.80 20.41 39.76
11/30/2015 26.83 19.42 40.17
12/31/2015 23.97 17.26 37.96
1/31/2016 11.89 10.19 31.12
2/29/2016 10.09 9.43 30.94
3/31/2016 18.11 17.54 39.82
4/30/2016 17.87 19.28 40.36
5/31/2016 20.43 19.43 42.88
6/30/2016 14.95 18.70 43.25
7/31/2016 22.76 23.82 48.54
8/31/2016 24.12 24.24 48.74
9/30/2016 25.86 25.00 48.77
10/31/2016 20.99 22.88 46.06
11/30/2016 22.62 23.81 51.47
12/31/2016 23.50 26.48 54.46
1/31/2017 28.92 29.94 57.39
2/28/2017 33.49 33.59 63.64
3/31/2017 33.52 35.22 63.83
4/30/2017 37.91 37.33 65.51
5/31/2017 41.77 40.36 67.84
6/30/2017 44.36 41.00 68.89
7/31/2017 51.67 44.94 72.36
8/31/2017 52.14 45.50 72.89
9/30/2017 53.62 48.31 76.46
10/31/2017 54.53 51.39 80.58
11/30/2017 55.24 54.32 86.11
12/31/2017 55.14 56.80 88.18
1/31/2018 67.14 65.65 98.96
2/28/2018 64.35 58.69 91.62
3/29/2018 61.08

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.

$ per share as of 04/22/2018

Date 2013 2014 2015 2016 2017
Short Term 0.2156 0.7139
Long Term 0.5300 0.2136
Total Amount of Distribution 0.7455 0.9274
Record Date 12/3/14 12/6/17
Ex Div Date 12/4/14 12/7/17
Pay Date 12/4/14 12/7/17

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

Portfolio

Top Issuers

(64.4% of assets as of 03/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Emerging Markets
Country Global Value Fund MSCI ACWI Overweight / Underweight
United States 62.8% 52.2% 10.5%
China 10.1% 3.7% 6.5%
Denmark 6.9% 0.6% 6.3%
Japan 5.1% 8.0% -2.9%
United Kingdom 5.1% 5.7% -0.6%
Germany 5.0% 3.2% 1.8%
Switzerland 1.7% 2.5% -0.9%
France 1.3% 3.6% -2.3%
Sweden 0.3% 0.9% -0.6%
Developed Markets Global Value Fund MSCI ACWI Overweight / Underweight
Americas 62.8% 55.2% 7.5%
Europe 20.2% 20.7% -0.5%
Asia Pacific 5.1% 11.7% -6.7%
Equity Sector Global Value Fund MSCI ACWI Overweight / Underweight
Information Technology 33.1% 18.8% 14.2%
Health Care 19.6% 10.6% 9.0%
Financials 18.9% 18.7% 0.2%
Consumer Discretionary 17.2% 12.3% 4.9%
Industrials 5.6% 10.8% -5.3%
Materials 3.8% 5.4% -1.5%
Industry Global Value Fund MSCI ACWI Overweight / Underweight
Internet Software & Services 15.8% 4.0% 11.8%
Media 11.1% 2.1% 9.0%
Software 10.4% 3.7% 6.7%
Banks 8.3% 10.3% -2.0%
IT Services 6.6% 2.9% 3.8%
Internet & Direct Marketing Retail 6.1% 2.0% 4.1%
Biotechnology 6.0% 1.8% 4.2%
Insurance 5.6% 4.0% 1.6%
Pharmaceuticals 5.4% 4.8% 0.6%
Capital Markets 5.0% 2.8% 2.2%
Professional Services 4.8% 0.6% 4.2%
Health Care Equipment & Supplies 4.2% 1.9% 2.3%
Chemicals 3.8% 2.8% 1.1%
Life Sciences Tools & Services 2.2% 0.5% 1.7%
Health Care Technology 1.8% 0.1% 1.7%
Machinery 0.8% 1.9% -1.2%
Technology Hardware Storage & Peripherals 0.3% 3.1% -2.8%
Asset Allocation Global Value Fund MSCI ACWI Overweight / Underweight
Equity 98.2% 100.0% -1.8%
Market Cap Global Value Fund MSCI ACWI Overweight / Underweight
Large 65.5% 87.5% -22.0%
Mid 21.1% 12.4% 8.8%
Small 11.5% 0.1% 11.4%
Emerging Markets Global Value Fund MSCI ACWI Overweight / Underweight
Asia Pacific 10.1% 8.9% 1.2%
Analytics
(As of 03/31/2018)

Morningstar 03/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
717
Category
World Large Stock
Performance Statistics
3Y
5Y
Alpha
-0.85
-0.84
Beta
1.21
1.22
Information Ratio
0.06
0.12
R-Squared
84.02
81.48
Sharpe Ratio
0.60
0.73
Standard Deviation
14.32
14.04
Upside Capture
116.32
115.06
Downside Capture
124.32
120.24
Sortino Ratio
0.27
0.34
Tracking Error
6.14
6.47
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/7/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$125.90 B
$129.40 B
Median Market Cap (weighted)
$37.10 B
$53.50 B
P/E Ratio (LTM)
36.13
18.79
P/E Ratio (NTM)
24.58
15.08
Price/Book
2.71
2.31
Debt to Capital Ratio
36.14
43.68
Turnover Ratio
59.00%
-
Active Share
93.90%
-
Distribution Sources
  • D
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
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. 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. Diversification does not guarantee profit or protect against loss.
  2. 2. 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.
  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. 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.
  6. 6. 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.
  7. 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.
  8. B. 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. 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.
  10. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  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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