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GLVYX

Global Value Fund

Overview

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

Inception Date
October 1, 2007
Investment Style
Global Value
Fund Index
MSCI ACWI
CUSIP
68380Q505
NAV
  • A
(as of 05/23/2018)
$55.08
Total Assets
(as of 04/30/2018)
$580.90 MM
Gross Expense Ratio
(as of 04/30/2018)
1.05%
Net Expense Ratio
(as of 04/30/2018)
1.05%
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
  • B
as of 03/31/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Value Fund (NAV)
3.78% 20.43% 8.30% 9.80% 9.95% 6.66%
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 Value Fund (NAV)
2.75% 15.44% 7.34% 8.91% 9.21% 6.51%
MSCI ACWI
-0.02% 14.16% 7.43% 8.80% 5.10% -
Gross Expense Ratio: 1.05% | Net Expense Ratio: 1.05%

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 Value Fund MSCI ACWI
2008 -46.83% -42.19%
2009 74.41% 34.63%
2010 26.03% 12.67%
2011 -7.63% -7.35%
2012 19.91% 16.13%
2013 42.98% 22.80%
2014 -4.57% 4.16%
2015 -0.38% -2.36%
2016 -0.60% 7.86%
2017 25.41% 23.97%

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 Value Fund MSCI ACWI S&P 500
4/30/2008 0.00 0.00 0.00
5/31/2008 3.22 1.56 1.30
6/30/2008 -11.36 -6.78 -7.24
7/31/2008 -8.94 -9.20 -8.02
8/31/2008 -0.08 -11.15 -6.69
9/30/2008 -15.70 -22.26 -15.01
10/31/2008 -37.41 -37.66 -29.28
11/30/2008 -44.72 -41.76 -34.36
12/31/2008 -43.08 -39.65 -33.66
1/31/2009 -46.33 -44.80 -39.25
2/28/2009 -54.41 -50.21 -45.72
3/31/2009 -49.33 -46.11 -40.96
4/30/2009 -35.00 -39.75 -35.31
5/31/2009 -28.88 -33.74 -31.69
6/30/2009 -28.23 -34.11 -31.56
7/31/2009 -20.45 -28.31 -26.38
8/31/2009 -14.24 -25.75 -23.72
9/30/2009 -5.43 -22.34 -20.88
10/31/2009 -11.03 -23.54 -22.35
11/30/2009 -6.73 -20.40 -17.69
12/31/2009 -0.72 -18.75 -16.10
1/31/2010 -4.18 -22.26 -19.12
2/28/2010 2.18 -21.27 -16.61
3/31/2010 10.25 -16.21 -11.58
4/30/2010 14.55 -16.06 -10.19
5/31/2010 3.10 -24.02 -17.36
6/30/2010 -3.04 -26.36 -21.68
7/31/2010 8.67 -20.37 -16.20
8/31/2010 1.70 -23.16 -19.98
9/30/2010 12.01 -15.80 -12.84
10/31/2010 17.27 -12.76 -9.52
11/30/2010 16.04 -14.70 -9.51
12/31/2010 25.12 -8.46 -3.46
1/31/2011 28.63 -7.02 -1.17
2/28/2011 33.37 -4.31 2.21
3/31/2011 34.64 -4.41 2.25
4/30/2011 38.72 -0.50 5.28
5/31/2011 36.49 -2.63 4.09
6/30/2011 33.46 -4.17 2.35
7/31/2011 26.92 -5.73 0.27
8/31/2011 20.21 -12.62 -5.18
9/30/2011 8.28 -20.87 -11.84
10/31/2011 20.39 -12.39 -2.21
11/30/2011 15.69 -15.01 -2.42
12/31/2011 15.58 -15.18 -1.42
1/31/2012 23.60 -10.25 2.99
2/29/2012 30.83 -5.73 7.45
3/31/2012 32.81 -5.11 10.98
4/30/2012 29.24 -6.19 10.29
5/31/2012 12.58 -14.60 3.66
6/30/2012 18.49 -10.39 7.93
7/31/2012 19.28 -9.16 9.43
8/31/2012 25.67 -7.18 11.89
9/30/2012 32.33 -4.26 14.78
10/31/2012 31.93 -4.90 12.66
11/30/2012 33.25 -3.68 13.32
12/31/2012 38.59 -1.50 14.35
1/31/2013 49.12 3.04 20.27
2/28/2013 49.39 3.02 21.91
3/31/2013 52.69 4.90 26.48
4/30/2013 57.50 7.90 28.92
5/31/2013 63.40 7.61 31.93
6/30/2013 60.54 4.46 30.16
7/31/2013 72.75 9.46 36.78
8/31/2013 70.72 7.18 32.82
9/30/2013 83.02 12.72 36.99
10/31/2013 88.84 17.25 43.28
11/30/2013 91.40 18.91 47.65
12/31/2013 98.15 20.96 51.39
1/31/2014 87.01 16.12 46.15
2/28/2014 96.34 21.73 52.84
3/31/2014 93.82 22.27 54.12
4/30/2014 87.23 23.43 55.26
5/31/2014 92.22 26.06 58.91
6/30/2014 94.26 28.43 62.19
7/31/2014 84.84 26.88 59.95
8/31/2014 90.68 29.68 66.35
9/30/2014 81.79 25.47 64.02
10/31/2014 84.31 26.36 68.03
11/30/2014 90.81 28.47 72.54
12/31/2014 89.09 25.99 72.11
1/31/2015 80.14 24.02 66.94
2/28/2015 94.22 30.93 76.54
3/31/2015 91.88 28.90 73.75
4/30/2015 95.12 32.64 75.41
5/31/2015 98.90 32.46 77.67
6/30/2015 93.28 29.35 74.23
7/31/2015 97.55 30.47 77.88
8/31/2015 78.52 21.53 67.15
9/30/2015 73.57 17.12 63.01
10/31/2015 91.16 26.31 76.76
11/30/2015 92.74 25.27 77.29
12/31/2015 88.37 23.01 74.49
1/31/2016 69.97 15.59 65.83
2/29/2016 67.23 14.80 65.61
3/31/2016 79.38 23.31 76.84
4/30/2016 78.97 25.13 77.53
5/31/2016 82.84 25.28 80.72
6/30/2016 74.52 24.52 81.19
7/31/2016 86.31 29.89 87.87
8/31/2016 88.33 30.33 88.13
9/30/2016 90.94 31.13 88.17
10/31/2016 83.56 28.90 84.73
11/30/2016 85.99 29.88 91.57
12/31/2016 87.25 32.69 95.36
1/31/2017 95.44 36.31 99.07
2/28/2017 102.37 40.14 106.97
3/31/2017 102.37 41.85 107.21
4/30/2017 109.03 44.06 109.34
5/31/2017 114.83 47.24 112.29
6/30/2017 118.74 47.91 113.61
7/31/2017 129.77 52.05 118.00
8/31/2017 130.44 52.63 118.67
9/30/2017 132.65 55.58 123.18
10/31/2017 134.00 58.81 128.39
11/30/2017 135.03 61.88 135.39
12/31/2017 134.83 64.49 138.01
1/31/2018 152.97 73.77 151.64
2/28/2018 148.71 66.48 142.36
3/31/2018 143.72 0.00 136.20
4/30/2018 141.29 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 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 05/23/2018

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

(65.8% 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 Value Fund MSCI ACWI Overweight / Underweight
United States 61.2% 52.0% 9.2%
China 10.8% 3.6% 7.2%
Denmark 7.1% 0.6% 6.5%
Germany 5.4% 3.2% 2.2%
United Kingdom 5.1% 5.9% -0.8%
Japan 4.5% 8.0% -3.5%
Switzerland 1.7% 2.5% -0.7%
France 1.3% 3.7% -2.4%
Sweden 0.3% 0.8% -0.6%
Developed Markets Global Value Fund MSCI ACWI Overweight / Underweight
Americas 61.2% 55.0% 6.2%
Europe 21.0% 21.0% 0.0%
Asia Pacific 4.5% 11.8% -7.3%
Emerging Markets Global Value Fund MSCI ACWI Overweight / Underweight
Asia Pacific 10.8% 8.8% 2.0%
Equity Sector Global Value Fund MSCI ACWI Overweight / Underweight
Information Technology 35.3% 18.6% 16.7%
Health Care 18.8% 10.6% 8.2%
Financials 18.5% 18.6% -0.1%
Consumer Discretionary 16.6% 12.4% 4.2%
Materials 4.2% 5.4% -1.2%
Industrials 4.1% 10.7% -6.6%
Industry Global Value Fund MSCI ACWI Overweight / Underweight
Internet Software & Services 17.3% 4.0% 13.3%
Software 10.9% 3.7% 7.2%
Media 9.6% 2.0% 7.6%
Banks 8.4% 10.2% -1.8%
Internet & Direct Marketing Retail 7.0% 2.1% 4.9%
IT Services 6.8% 2.9% 3.9%
Biotechnology 5.9% 1.7% 4.2%
Pharmaceuticals 5.2% 4.7% 0.5%
Insurance 5.2% 4.0% 1.2%
Capital Markets 4.9% 2.7% 2.2%
Chemicals 4.2% 2.8% 1.4%
Health Care Equipment & Supplies 3.9% 1.9% 2.0%
Professional Services 3.4% 0.6% 2.8%
Life Sciences Tools & Services 2.3% 0.5% 1.8%
Health Care Technology 1.5% 0.1% 1.4%
Machinery 0.7% 1.8% -1.2%
Technology Hardware Storage & Peripherals 0.3% 3.0% -2.7%
Asset Allocation Global Value Fund MSCI ACWI Overweight / Underweight
Equity 97.5% 100.0% -2.5%
Market Cap Global Value Fund MSCI ACWI Overweight / Underweight
Large 67.2% 88.5% -21.3%
Mid 17.0% 11.4% 5.6%
Small 13.3% 0.1% 13.2%
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
-1.20
-1.39
Beta
1.22
1.23
Information Ratio
-0.02
0.02
R-Squared
83.86
80.98
Sharpe Ratio
0.52
0.65
Standard Deviation
14.33
14.02
Upside Capture
114.64
112.22
Downside Capture
124.73
120.78
Sortino Ratio
0.23
0.30
Tracking Error
6.21
6.54
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)
$140.60 B
$130.40 B
Median Market Cap (weighted)
$44.80 B
$53.50 B
P/E Ratio (LTM)
34.31
18.47
P/E Ratio (NTM)
22.65
15.17
Price/Book
2.67
2.34
Debt to Capital Ratio
35.40
43.58
Turnover Ratio
59.00%
-
Active Share
93.81%
-
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. 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. 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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