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OREAX

Real Estate Fund

Overview

The Strategy typically invests in real estate securities, primarily real estate investment trusts (REITs).

Inception Date
March 4, 2002
Investment Style
Real Estate
Fund Index
FTSE NAREIT Equity REITs TR Index
CUSIP
68382F101
NAV
  • C
(as of 05/23/2019)
$26.21
Total Assets
(as of 04/30/2019)
$1.03 BN
Gross Expense Ratio
(as of 04/30/2019)
1.34%
Net Expense Ratio
(as of 04/30/2019)
1.34%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2019
  • H
as of 03/31/2019
  • H

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • H
Cumulative
Annualized
ytd as of 2019-03-31
  • E
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (NAV)
16.42% 17.22% 4.82% 8.22% 17.62% 10.29%
FTSE NAREIT Equity REITs TR Index
16.33% 20.86% 6.13% 9.12% 18.28% -
Cumulative
Annualized
ytd as of 2019-03-31
  • E
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (with sales charge)
9.73% 10.48% 2.78% 6.94% 16.92% 9.91%
FTSE NAREIT Equity REITs TR Index
16.33% 20.86% 6.13% 9.12% 18.28% -
Cumulative
Annualized
ytd as of 2019-04-30
  • E
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (NAV)
16.69% 16.58% 5.84% 7.57% 14.25% 10.26%
FTSE NAREIT Equity REITs TR Index
16.06% 18.88% 6.90% 8.36% 15.10% -
Cumulative
Annualized
ytd as of 2019-04-30
  • E
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (with sales charge)
9.98% 9.88% 3.77% 6.31% 13.58% 9.87%
FTSE NAREIT Equity REITs TR Index
16.06% 18.88% 6.90% 8.36% 15.10% -
Gross Expense Ratio: 1.34% | Net Expense Ratio: 1.34%

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 Real Estate Fund FTSE NAREIT Equity REITs TR Index
2003 39.73% 37.13%
2004 36.30% 31.58%
2005 14.14% 12.16%
2006 35.52% 35.06%
2007 -14.78% -15.69%
2008 -39.27% -37.73%
2009 29.97% 27.99%
2010 27.18% 27.96%
2011 8.12% 8.29%
2012 15.65% 18.06%
2013 2.84% 2.47%
2014 31.40% 30.14%
2015 2.39% 3.20%
2016 6.07% 8.52%
2017 4.06% 5.23%
2018 -5.96% -4.62%

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 Real Estate Fund FTSE NAREIT Equity REITs Index BBG Barclays Agg S&P 500
4/30/2009 0.00 0.00 0.00 0.00
5/31/2009 2.33 2.16 0.73 5.59
6/30/2009 -1.63 -1.66 1.30 5.80
7/31/2009 8.65 8.64 2.93 13.81
8/31/2009 23.56 23.19 4.00 17.91
9/30/2009 30.67 31.07 5.09 22.31
10/31/2009 24.97 25.16 5.61 20.04
11/30/2009 33.52 33.81 6.98 27.24
12/31/2009 42.65 43.38 5.30 29.70
1/31/2010 34.57 35.91 6.91 25.03
2/28/2010 42.55 43.17 7.31 28.91
3/31/2010 56.60 57.75 7.18 36.69
4/30/2010 67.75 68.70 8.30 38.84
5/31/2010 58.98 59.34 9.21 27.76
6/30/2010 50.05 51.35 10.92 21.07
7/31/2010 65.01 65.76 12.10 29.55
8/31/2010 62.42 63.46 13.55 23.70
9/30/2010 69.43 70.76 13.67 34.74
10/31/2010 76.46 78.79 14.07 39.87
11/30/2010 73.18 75.29 13.42 39.89
12/31/2010 82.18 83.47 12.19 49.24
1/31/2011 87.96 89.43 12.32 52.77
2/28/2011 97.79 98.18 12.60 58.01
3/31/2011 95.12 95.11 12.67 58.07
4/30/2011 106.23 106.23 14.10 62.75
5/31/2011 109.61 109.09 15.59 60.91
6/30/2011 102.72 102.18 15.25 58.23
7/31/2011 106.31 105.29 17.08 55.01
8/31/2011 93.13 93.66 18.79 46.59
9/30/2011 71.38 72.44 19.65 36.29
10/31/2011 95.47 97.27 19.78 51.18
11/30/2011 88.58 89.83 19.68 50.85
12/31/2011 97.60 98.69 20.99 52.39
1/31/2012 110.28 111.60 22.05 59.22
2/29/2012 107.65 109.34 22.02 66.10
3/31/2012 118.01 120.13 21.36 71.57
4/30/2012 124.09 126.47 22.70 70.49
5/31/2012 112.53 116.18 23.81 60.25
6/30/2012 123.87 128.30 23.86 66.85
7/31/2012 128.30 132.77 25.57 69.17
8/31/2012 128.00 132.82 25.65 72.98
9/30/2012 123.79 128.67 25.82 77.45
10/31/2012 122.01 126.75 26.07 74.17
11/30/2012 121.81 126.10 26.27 75.18
12/31/2012 129.32 134.57 26.09 76.78
1/31/2013 137.00 143.35 25.21 85.93
2/28/2013 137.99 146.42 25.84 88.46
3/31/2013 145.94 153.78 25.94 95.52
4/30/2013 160.93 170.74 27.21 99.29
5/31/2013 145.74 154.70 24.94 103.95
6/30/2013 138.98 149.80 23.01 101.21
7/31/2013 141.40 152.18 23.18 111.45
8/31/2013 125.28 134.62 22.55 105.33
9/30/2013 134.72 142.09 23.71 111.77
10/31/2013 145.95 152.94 24.71 121.50
11/30/2013 135.83 139.80 24.24 128.25
12/31/2013 136.45 140.36 23.54 134.03
1/31/2014 144.05 150.32 25.36 125.94
2/28/2014 157.13 162.87 26.03 136.28
3/31/2014 159.10 164.35 25.82 138.26
4/30/2014 167.63 173.10 26.88 140.02
5/31/2014 173.73 179.68 28.32 145.66
6/30/2014 177.18 182.80 28.39 150.73
7/31/2014 177.08 182.89 28.07 147.27
8/31/2014 184.44 191.24 29.48 157.17
9/30/2014 168.27 173.90 28.60 153.56
10/31/2014 198.16 201.13 29.86 159.75
11/30/2014 203.70 207.05 30.79 166.74
12/31/2014 211.41 212.80 30.91 166.07
1/31/2015 231.04 233.78 33.65 158.08
2/28/2015 221.22 222.16 32.40 172.91
3/31/2015 227.15 227.66 33.01 168.60
4/30/2015 207.71 209.66 32.53 171.17
5/31/2015 206.95 209.28 32.21 174.66
6/30/2015 192.33 195.05 30.77 169.34
7/31/2015 210.25 211.69 31.68 174.99
8/31/2015 191.14 192.40 31.49 158.39
9/30/2015 199.86 200.96 32.38 152.00
10/31/2015 215.17 218.62 32.40 173.26
11/30/2015 213.86 216.96 32.05 174.07
12/31/2015 219.59 222.80 31.63 169.75
1/31/2016 207.70 211.97 33.44 156.36
2/29/2016 205.92 210.67 34.39 156.02
3/31/2016 235.56 242.17 35.62 173.38
4/30/2016 226.85 234.01 36.14 174.44
5/31/2016 236.16 242.12 36.17 179.37
6/30/2016 259.77 265.98 38.62 180.10
7/31/2016 273.20 281.18 39.50 190.42
8/31/2016 261.09 267.19 39.34 190.83
9/30/2016 253.47 260.73 39.26 190.89
10/31/2016 234.39 240.33 38.19 185.58
11/30/2016 227.03 234.59 34.92 196.16
12/31/2016 239.83 250.29 35.11 202.01
1/31/2017 237.00 250.70 35.38 207.74
2/28/2017 249.93 262.65 36.29 219.96
3/31/2017 241.96 254.37 36.22 220.33
4/30/2017 242.78 254.80 37.27 223.62
5/31/2017 238.58 252.06 38.32 228.17
6/30/2017 244.89 259.77 38.19 230.22
7/31/2017 247.06 264.16 38.78 237.01
8/31/2017 250.31 263.23 40.02 238.04
9/30/2017 247.45 263.13 39.36 245.02
10/31/2017 246.23 259.64 39.44 253.07
11/30/2017 254.95 269.39 39.26 263.90
12/31/2017 254.58 268.60 39.90 267.94
1/31/2018 242.52 253.20 38.29 289.01
2/28/2018 218.54 225.96 36.98 274.67
3/31/2018 231.33 238.38 37.85 265.15
4/30/2018 234.03 243.23 36.83 266.55
5/31/2018 242.55 256.78 37.81 275.38
6/30/2018 253.02 272.35 37.64 277.69
7/31/2018 256.73 275.33 37.67 291.74
8/31/2018 267.28 286.74 38.56 304.51
9/30/2018 258.66 276.92 37.66 306.81
10/31/2018 246.46 265.74 36.58 279.01
11/30/2018 263.53 283.07 37.39 286.73
12/31/2018 234.20 251.56 39.91 251.81
1/31/2019 271.86 292.86 41.40 280.00
2/28/2019 275.86 295.72 41.32 292.21
3/31/2019 289.23 308.98 44.03 299.83
4/30/2019 290.43 308.02 44.07 316.02
Date Dividends
6/18/2009 0.1318
9/24/2009 0.0938
3/18/2010 0.0256
6/24/2010 0.0905
9/23/2010 0.0748
3/24/2011 0.0247
6/23/2011 0.0382
9/22/2011 0.0367
12/16/2011 0.0555
3/22/2012 0.0839
6/21/2012 0.0758
9/20/2012 0.0979
12/14/2012 0.1564
3/21/2013 0.052
6/20/2013 0.1678
9/19/2013 0.1076
12/13/2013 0.0229
3/20/2014 0.0529
6/19/2014 0.1231
9/18/2014 0.1252
12/11/2014 0.1278
12/29/2014 0.0569
3/18/2015 0.0447
6/17/2015 0.1233
9/23/2015 0.1738
12/10/2015 0.1905
3/23/2016 0.0755
6/22/2016 0.1191
9/21/2016 0.1959
12/8/2016 0.213
3/22/2017 0.0831
6/21/2017 0.0789
9/20/2017 0.0836
12/7/2017 0.0616
12/27/2017 0.0384
3/21/2018 0.0088
6/20/2018 0.0812
9/19/2018 0.1502
12/13/2018 0.1486
3/20/2019 0.135

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 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 05/24/2019

Date 2014 2015 2016 2017 2018
Short Term 0.1761 0.4868 0.4472
Long Term 1.0441 1.5582 2.2193 0.9024 0.6346
Total Amount of Distribution 1.2201 2.0449 2.6665 0.9024 0.6346
Record Date 12/10/14 12/9/15 12/7/16 12/6/17 12/12/18
Ex Div Date 12/11/14 12/10/15 12/8/16 12/7/17 12/13/18
Pay Date 12/11/14 12/10/15 12/8/16 12/7/17 12/13/18

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

Portfolio

Top Issuers

(85.0% of assets as of 04/30/2019)


Portfolio Holdings Breakdown

Country
Equity Sector
Asset Allocation
Market Cap 6
Country Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
United States 99.0% 100.0% -1.0%
Equity Sector Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Apartments 20.1% 13.8% 6.3%
Office 12.3% 10.7% 1.6%
Health Care 11.4% 11.6% -0.2%
Free Standing 10.5% 5.0% 5.5%
Industrial 9.1% 10.4% -1.3%
Single Family Homes 8.0% 1.7% 6.3%
Shopping Centers 6.9% 5.8% 1.1%
Lodging/Resorts 5.5% 5.9% -0.4%
Specialty 5.3% 5.3% 0.0%
Data Centers 5.2% 8.2% -2.9%
Regional Malls 3.1% 7.3% -4.2%
Home Financing 1.6% - -
Asset Allocation Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Equity 99.0% 100.0% -1.0%
Market Cap Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Mid 54.1% 46.5% 7.6%
Large 38.3% 39.9% -1.7%
Small 6.6% 13.6% -7.0%
Analytics
(As of 04/30/2019)

Morningstar 04/30/2019 (based on risk adjusted performance)
  • G
Overall Rating
Number of Funds
225
Category
Real Estate
Performance Statistics
3Y
5Y
Alpha
-0.75
-0.57
Beta
0.95
0.98
Information Ratio
-0.53
-0.44
R-Squared
97.97
98.46
Sharpe Ratio
0.39
0.52
Standard Deviation
13.21
14.32
Sortino Ratio
0.62
0.87
Tracking Error
2.02
1.81
Distribution Rate
Distribution
2.15%
Adjusted Distribution
1.45%
Portfolio Characteristics
Fund
Fund Index
P/E Ratio (LTM)
32.20
30.58
P/E Ratio (NTM)
37.85
40.47
Price/Book
2.10
2.39
Turnover Ratio
84%
-
Active Share
60.83%
-
Dividends
  • F
Est. Frequency
Quarterly
Last Pay Date
3/20/2019
Per Share ($)
$0.1350
12-Month Distribution ($)
$0.5150
Distribution Sources
  • F
Net Income
0.00%
Net Profit from Sale
0.00%
Other Capital Sources
100.00%
Documents
  1. 1. The Fund's portfolio managers are employed by its Sub-Sub-Adviser, Barings LLC.
  2. 2. 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. The Fund is classified as a “non-diversified” fund and may invest a greater portion of its assets in the securities of a single issuer.
  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. The FTSE National Association of Real Estate Investment Trusts (NAREIT) Equity REITs Index consists of certain companies that own and operate income-producing real estate that have 75% or more of their respective gross invested assets in the equity or mortgage debt of commercial properties. The index is unmanaged, includes the reinvestment of dividends and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. 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. 7. The dividend (or distribution) rate is based on the pay date immediately preceding the nearest month-end or quarter-end. The dividend 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. For the Class A dividend rate with sales charge, the annualized Class A dividend distribution is divided by the Class A maximum offering price on that date. Each result is compounded semiannually and annualized. Falling share prices artificially increase distribution rates.
  8. 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>
  9. 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. Oppenheimer Real Estate Fund was rated against the following numbers of Real Estate funds over the following time periods: the fund was rated 3 stars among 225 funds in the last three years, 3 stars among 198 in the last five years, and 3 stars among 139 in the last ten years. <strong>Past performance does not guarantee future results.</strong>
  10. C. 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.
  11. D. 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.
  12. E. "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.
  13. F. There is no guarantee of the payment of any dividend or other distributions at any level.
  14. G. 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. Oppenheimer Real Estate Fund was rated against the following numbers of Real Estate funds over the following time periods: the fund was rated 2 stars among 225 funds in the last three years, 3 stars among 198 in the last five years, and 3 stars among 139 in the last ten years. <strong>Past performance does not guarantee future results.</strong>
  15. H. 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.
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