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Main Street Small Cap Fund®

Overview

The Strategy typically invests in small-cap U.S. company stocks.

Inception Date
May 17, 2013
Investment Style
Small Cap Core
Fund Index
Russell 2000® Index
CUSIP
68385H104
NAV
  • A
(as of 05/23/2018)
$15.89
Total Assets
(as of 04/30/2018)
$576.36 MM
Gross Expense Ratio
(as of 04/30/2018)
1.24%
Net Expense Ratio
(as of 04/30/2018)
1.24%
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

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr since inception
Main Street Small Cap Fund® (NAV)
2.53% -0.66% -0.66% 8.48% 6.56% 10.24%
Russell 2000® Index
1.29% -0.08% -0.08% 11.79% 8.39% 10.71%
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr since inception
Main Street Small Cap Fund® (with sales charge)
-3.37% -6.37% -6.37% 2.24% 4.47% 8.90%
Russell 2000® Index
1.29% -0.08% -0.08% 11.79% 8.39% 10.71%
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-04-30
  • C
1 yr 3 yr since inception
Main Street Small Cap Fund® (NAV)
0.53% -2.20% -0.13% 7.08% 7.88% 10.18%
Russell 2000® Index
0.86% -1.79% 0.78% 11.54% 9.64% 10.72%
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-04-30
  • C
1 yr 3 yr since inception
Main Street Small Cap Fund® (with sales charge)
-5.25% -7.83% -5.88% 0.92% 5.77% 8.87%
Russell 2000® Index
0.86% -1.79% 0.78% 11.54% 9.64% 10.72%
Gross Expense Ratio: 1.24% | Net Expense Ratio: 1.24%

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 Main Street Small Cap Fund® Russell 2000® Index
2014 11.41% 4.89%
2015 -6.14% -4.41%
2016 17.76% 21.31%
2017 13.47% 14.65%

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.


Date Main Street Small Cap Fund® Russell 2000® Index MSCI World
4/30/2015 0.00 0.00 0.00
5/31/2015 2.51 2.28 0.34
6/30/2015 3.45 3.05 -1.99
7/31/2015 2.04 1.85 -0.23
8/31/2015 -3.84 -4.55 -6.83
9/30/2015 -8.78 -9.23 -10.27
10/31/2015 -4.31 -4.12 -3.16
11/30/2015 -1.41 -1.00 -3.64
12/31/2015 -5.92 -5.97 -5.33
1/31/2016 -12.84 -14.24 -11.00
2/29/2016 -12.44 -14.24 -11.66
3/31/2016 -6.08 -7.40 -5.66
4/30/2016 -5.06 -5.94 -4.17
5/31/2016 -2.54 -3.83 -3.63
6/30/2016 -3.25 -3.89 -4.71
7/31/2016 1.31 1.85 -0.69
8/31/2016 1.55 3.65 -0.60
9/30/2016 1.15 4.81 -0.08
10/31/2016 -1.52 -0.18 -2.01
11/30/2016 7.44 10.96 -0.60
12/31/2016 10.79 14.07 1.78
1/31/2017 12.05 14.52 4.23
2/28/2017 14.65 16.73 7.13
3/31/2017 15.12 16.88 8.27
4/30/2017 17.25 18.16 9.87
5/31/2017 14.73 15.76 12.19
6/30/2017 18.27 19.76 12.63
7/31/2017 18.35 20.65 15.32
8/31/2017 16.77 19.11 15.48
9/30/2017 23.71 26.55 18.07
10/31/2017 24.73 27.62 20.31
11/30/2017 25.68 31.30 22.91
12/31/2017 25.71 30.77 24.58
1/31/2018 28.37 34.19 31.15
2/28/2018 21.80 28.99 25.72
3/31/2018 24.88 30.66 22.98
4/30/2018 25.54 31.79 24.39

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.

$ per share as of 05/23/2018

Date 2013 2014 2015 2016 2017
Short Term 0.0374 0.0415 0.2565
Long Term 0.5487
Total Amount of Distribution 0.0374 0.0415 0.8052
Record Date 12/11/13 12/10/14 12/7/17
Ex Div Date 12/12/13 12/11/14 12/8/17
Pay Date 12/13/13 12/11/14 12/8/17

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

Portfolio

Top Issuers

(32.3% of assets as of 04/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Main Street Small Cap Fund® Russell 2000® Index Overweight / Underweight
United States 96.5% 99.8% -3.4%
Bermuda 0.9% 0.1% 0.7%
Canada 0.8% 0.0% 0.8%
Belgium 0.4% - -
Developed Markets Main Street Small Cap Fund® Russell 2000® Index Overweight / Underweight
Americas 98.1% 100.0% -1.9%
Europe 0.4% - -
Equity Sector Main Street Small Cap Fund® Russell 2000® Index Overweight / Underweight
Information Technology 19.4% 17.2% 2.2%
Industrials 18.4% 14.8% 3.7%
Financials 16.5% 18.0% -1.5%
Health Care 12.2% 16.6% -4.3%
Consumer Discretionary 11.5% 12.2% -0.8%
Real Estate 6.4% 6.4% 0.0%
Materials 4.4% 4.3% 0.0%
Utilities 4.1% 3.3% 0.8%
Energy 3.0% 4.2% -1.2%
Consumer Staples 2.5% 2.4% 0.2%
Industry Main Street Small Cap Fund® Russell 2000® Index Overweight / Underweight
Banks 10.7% 10.5% 0.2%
Internet Software & Services 6.5% 3.7% 2.7%
Software 6.2% 4.0% 2.2%
Equity Real Estate Investment Trusts (REITs) 5.5% 5.9% -0.4%
Professional Services 4.8% 1.4% 3.4%
Machinery 4.0% 3.6% 0.4%
Biotechnology 4.0% 6.5% -2.5%
Semiconductors & Semiconductor Equipment 3.5% 2.9% 0.6%
Hotels Restaurants & Leisure 3.4% 3.3% 0.1%
IT Services 3.2% 2.0% 1.2%
Health Care Providers & Services 3.2% 2.2% 1.1%
Metals & Mining 3.2% 1.3% 1.9%
Health Care Equipment & Supplies 3.0% 4.1% -1.1%
Auto Components 3.0% 1.0% 2.0%
Thrifts & Mortgage Finance 2.8% 2.1% 0.7%
Specialty Retail 2.8% 2.2% 0.5%
Oil Gas & Consumable Fuels 2.8% 2.5% 0.2%
Multi-Utilities 2.7% 0.5% 2.2%
Commercial Services & Supplies 2.2% 2.4% -0.2%
Construction & Engineering 2.0% 1.1% 0.9%
Asset Allocation Main Street Small Cap Fund® Russell 2000® Index Overweight / Underweight
Equity 98.5% 100.0% -1.5%
Market Cap Main Street Small Cap Fund® Russell 2000® Index Overweight / Underweight
Small 60.0% 71.7% -11.6%
Mid 38.4% 28.3% 10.1%
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
616
Category
Small Blend
Performance Statistics
3Y
Alpha
-0.62
Beta
0.88
Information Ratio
-0.56
R-Squared
95.35
Sharpe Ratio
0.63
Standard Deviation
12.32
Upside Capture
88.06
Downside Capture
92.36
Sortino Ratio
0.29
Win Ratio
42.00
Loss Ratio
58.00
Tracking Error
3.16
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/8/2017
Per Share ($)
$0.0350
12-Month Distribution ($)
$0.0350
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$2.90 B
$2.50 B
Median Market Cap (weighted)
$2.80 B
$2.20 B
P/E Ratio (LTM)
27.21
28.39
P/E Ratio (NTM)
18.60
19.80
Price/Book
2.30
2.39
Debt to Capital Ratio
38.90
37.19
Turnover Ratio
67.00%
-
Active Share
91.60%
-
Distribution Sources
  • D
Net Income
2.10%
Net Profit from Sale
92.10%
Other Capital Sources
5.80%
Team
Documents
  1. 1. Special Risks 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. 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 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.
  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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