OSMAX

International Small-Mid Company Fund

Special Notice

Effective as of the close of the New York Stock Exchange on April 1, 2016, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.

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Overview

This Strategy typically invests in international small- and mid-company stocks.

Inception Date
November 17, 1997
Investment Style
International Small-Mid Company
Fund Index
MSCI ACWI ex US SMID Cap
CUSIP
00900W571
NAV
(as of 07/22/2019)
$48.08
Total Assets
(as of 06/30/2019)
$8.92 BN
Gross Expense Ratio
(as of 06/30/2019)
1.33%
Net Expense Ratio
(as of 06/30/2019)
1.32%
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
Calendar Year Returns
Capital Gains Distributions
as of 06/30/2019
  • C
as of 06/30/2019
  • C

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • C
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
International Small-Mid Company Fund (NAV)
18.84% 1.39% 14.66% 9.90% 15.48% 12.77%
MSCI ACWI ex US SMID Cap
12.61% -3.81% 8.15% 2.85% 8.52% -
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
International Small-Mid Company Fund (with sales charge)
12.30% -4.18% 12.52% 8.66% 14.83% 12.47%
MSCI ACWI ex US SMID Cap
12.61% -3.81% 8.15% 2.85% 8.52% -
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
International Small-Mid Company Fund (NAV)
18.84% 1.39% 14.66% 9.90% 15.48% 12.77%
MSCI ACWI ex US SMID Cap
12.61% -3.81% 8.15% 2.85% 8.52% -
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
International Small-Mid Company Fund (with sales charge)
12.30% -4.18% 12.52% 8.66% 14.83% 12.47%
MSCI ACWI ex US SMID Cap
12.61% -3.81% 8.15% 2.85% 8.52% -
Gross Expense Ratio: 1.33% | Net Expense Ratio: 1.32%

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 5.50% maximum sales charge where indicated.  Returns do not consider capital gains or income taxes on an individual's investment.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.


Year International Small-Mid Company Fund MSCI ACWI ex US SMID Cap
1998 21.87% 5.04%
1999 66.22% 32.65%
2000 -34.55% -18.06%
2001 -18.60% -14.62%
2002 -8.17% -5.70%
2003 85.05% 57.57%
2004 29.88% 29.30%
2005 33.67% 22.64%
2006 36.53% 26.86%
2007 21.42% 10.76%
2008 -65.97% -50.23%
2009 121.67% 62.91%
2010 37.19% 25.21%
2011 -20.44% -18.50%
2012 22.65% 18.52%
2013 44.87% 19.73%
2014 0.11% -4.03%
2015 14.91% 2.01%
2016 -0.49% 3.57%
2017 37.93% 30.35%
2018 -9.46% -17.06%

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 5.50% maximum sales charge where indicated.  Returns do not consider capital gains or income taxes on an individual's investment.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

$ per share as of 07/23/2019

Date 2014 2015 2016 2017 2018
Short Term 0.4117 0.8543
Long Term 0.6762 3.3733
Total Amount of Distribution 1.0879 4.2276
Record Date 12/11/17 12/10/18
Ex Div Date 12/12/17 12/11/18
Pay Date 12/12/17 12/11/18
Portfolio

Top Issuers

(33.3% of assets as of 06/30/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country International Small-Mid Company Fund MSCI ACWI ex US SMID Cap
Overweight / Underweight
Japan 21.9% 19.5% 2.3%
United Kingdom 19.9% 12.6% 7.4%
Germany 10.8% 4.5% 6.3%
Switzerland 8.4% 4.8% 3.6%
United States 6.1% 0.1% 6.0%
Israel 4.7% 1.0% 3.7%
Denmark 4.2% 1.7% 2.4%
Canada 3.2% 6.4% -3.2%
Netherlands 3.1% 1.7% 1.4%
Belgium 2.6% 1.1% 1.5%
Ireland 2.4% 0.8% 1.6%
France 2.3% 5.1% -2.9%
Sweden 2.3% 3.4% -1.1%
Australia 1.8% 5.4% -3.6%
Spain 1.0% 1.6% -0.6%
Finland 0.7% 1.1% -0.4%
Norway 0.5% 1.3% -0.7%
Italy 0.4% 2.4% -2.1%
Developed Markets International Small-Mid Company Fund MSCI ACWI ex US SMID Cap
Overweight / Underweight
Europe 58.5% 43.0% 15.5%
Asia Pacific 23.6% 29.3% -5.7%
Americas 9.3% 6.5% 2.8%
Middle East 4.7% 1.0% 3.7%
Equity Sector International Small-Mid Company Fund MSCI ACWI ex US SMID Cap
Overweight / Underweight
Information Technology 25.8% 9.1% 16.8%
Health Care 24.4% 7.4% 17.0%
Industrials 16.1% 20.0% -3.9%
Consumer Discretionary 9.2% 12.4% -3.3%
Financials 6.5% 11.7% -5.2%
Consumer Staples 5.2% 6.7% -1.5%
Materials 4.3% 11.3% -7.0%
Communication Services 4.0% 4.7% -0.7%
Real Estate 0.7% 9.5% -8.8%
Industry International Small-Mid Company Fund MSCI ACWI ex US SMID Cap
Overweight / Underweight
Software 10.1% 1.8% 8.3%
Health Care Equipment & Supplies 7.0% 1.9% 5.2%
Biotechnology 6.7% 1.2% 5.5%
Semiconductors & Semiconductor Equipment 6.6% 1.7% 5.0%
Electronic Equipment Instruments & Components 6.3% 2.6% 3.7%
Life Sciences Tools & Services 5.5% 0.9% 4.6%
Machinery 5.4% 4.4% 1.1%
Internet & Direct Marketing Retail 5.3% 0.8% 4.5%
Pharmaceuticals 4.8% 2.0% 2.7%
Insurance 4.3% 2.7% 1.6%
Food Products 3.2% 3.2% 0.0%
IT Services 2.8% 1.9% 0.9%
Trading Companies & Distributors 2.8% 1.7% 1.2%
Interactive Media & Services 2.3% 0.6% 1.7%
Capital Markets 2.2% 3.6% -1.4%
Commercial Services & Supplies 2.1% 1.7% 0.4%
Chemicals 2.1% 4.7% -2.6%
Beverages 2.0% 0.9% 1.1%
Aerospace & Defense 1.6% 0.9% 0.7%
Metals & Mining 1.5% 3.9% -2.5%
Asset Allocation International Small-Mid Company Fund MSCI ACWI ex US SMID Cap
Overweight / Underweight
Equity 96.2% 100.0% -3.8%
Market Cap International Small-Mid Company Fund MSCI ACWI ex US SMID Cap
Overweight / Underweight
Mid 56.3% 56.1% 0.1%
Small 24.5% 18.7% 5.8%
Large 15.4% 25.1% -9.7%
Analytics
(As of 06/30/2019)

Morningstar 06/30/2019 (based on risk adjusted performance)
  • B
Overall Rating
Number of Funds
122
Category
Foreign Small/Mid Growth
Performance Statistics
3Y
5Y
Alpha
5.98
7.01
Beta
1.01
0.85
Information Ratio
1.30
1.19
R-Squared
85.22
78.09
Sharpe Ratio
1.01
0.77
Standard Deviation
12.95
12.06
Upside Capture
117.33
100.54
Downside Capture
80.86
57.65
Sortino Ratio
1.58
1.19
Win Ratio
67.00
67.00
Loss Ratio
33.00
33.00
Margin of Outperformance
1.21
1.45
Margin of Underperformance
-0.91
-1.25
Tracking Error
5.00
5.94
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$5.15 B
$5.87 B
Median Market Cap (weighted)
$3.92 B
$4.31 B
P/E Ratio (LTM)
27.64
16.94
P/E Ratio (NTM)
25.39
14.82
Price/Book
3.26
1.75
Debt to Capital Ratio
22.28
35.30
Turnover Ratio
27%
-
Active Share
95.25%
-
Dividends
Est. Frequency
Annual
Last Pay Date
12/11/2018
Per Share ($)
$0.2153
12-Month Distribution ($)
$0.2153
Distribution Sources
Net Income
1.80%
Net Profit from Sale
91.80%
Other Capital Sources
6.40%
Team
Documents
  1. 1. As of the close of the New York Stock Exchange on April 1, 2016, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.
  2. 2. 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. Investments in securities of growth companies may be volatile. Small and 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 small-sized or mid-sized company, if any gain is realized at all. Investing significantly in a particular region, industry, sector or issuer may increase volatility and risk.
  3. 3. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. Total annual fund operating expenses after any contractual fee waivers and/or expense reimbursements by the adviser in effect through May 28, 2021. See current prospectus for more information.
  4. 4. The index returns are made up of the returns of (i) the MSCI® ACWI ex US Small Cap Index from November 17, 1997 through September 30, 2015, and (ii) the MSCI® ACWI ex-US SMID Cap Index from October 1, 2015 to present.  Index performance includes total returns from when first available.  The MSCI® ACWI ex-US SMID Cap Index is designed to measure the equity market performance of small- and mid-cap developed and emerging markets, excluding the United States. The MSCI® ACWI ex US Small Cap Index is designed to measure the equity market performance of small capitalization developed and emerging markets, excluding the United States. The indices are unmanaged, are shown for illustrative purposes only, and cannot be purchased directly by investors.  Past performance does not guarantee future results.
  5. 5. Holdings are subject to change, and are dollar weighted based on total new 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. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  8. B. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 star s, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Invesco Oppenheimer International Small-Mid Company Fund was rated against the following numbers of Foreign Small/Mid Growth funds over the following time periods: the fund was rated 5 stars among 122 funds in the last three years, 5 stars among 99 in the last five years, and 5 stars among 59 in the last ten years. <strong>Past performance does not guarantee future results.</strong>
  9. C. 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 5.50% maximum sales charge where indicated.  Returns do not consider capital gains or income taxes on an individual's investment.

    As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.
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