OREAX

Real Estate Fund
  • A
  • 1

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
00141G534
NAV
(as of 07/17/2019)
$26.49
Total Assets
(as of 06/30/2019)
$1.00 BN
Gross Expense Ratio
(as of 06/30/2019)
1.38%
Net Expense Ratio
(as of 06/30/2019)
1.34%
Performance
Average Annual Total Returns
Dividends
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
Real Estate Fund (NAV)
17.71% 11.32% 2.80% 7.01% 14.55% 10.21%
FTSE NAREIT Equity REITs TR Index
17.78% 11.21% 4.20% 7.92% 15.46% -
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (with sales charge)
11.22% 5.21% 0.88% 5.81% 13.91% 9.85%
FTSE NAREIT Equity REITs TR Index
17.78% 11.21% 4.20% 7.92% 15.46% -
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (NAV)
17.71% 11.32% 2.80% 7.01% 14.55% 10.21%
FTSE NAREIT Equity REITs TR Index
17.78% 11.21% 4.20% 7.92% 15.46% -
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (with sales charge)
11.22% 5.21% 0.88% 5.81% 13.91% 9.85%
FTSE NAREIT Equity REITs TR Index
17.78% 11.21% 4.20% 7.92% 15.46% -
Gross Expense Ratio: 1.38% | 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 5.50% 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 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 5.50% 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.


Date Dividends
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
6/20/2019 0.0583

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 07/18/2019

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
Portfolio

Top Issuers

(87.4% of assets as of 05/31/2019)


Portfolio Holdings Breakdown

Country
Equity Sector
Asset Allocation
Market Cap 5
Country Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
United States 100.2% 100.0% 0.2%
Equity Sector Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Apartments 19.9% 14.0% 5.9%
Health Care 12.1% 12.2% 0.0%
Office 11.9% 10.4% 1.5%
Free Standing 10.8% 5.0% 5.8%
Industrial 10.0% 10.1% -0.1%
Single Family Homes 8.3% 1.7% 6.6%
Shopping Centers 6.9% 5.7% 1.2%
Data Centers 5.7% 8.5% -2.9%
Specialty 5.2% 5.2% 0.0%
Lodging/Resorts 5.1% 5.4% -0.4%
Regional Malls 2.9% 6.8% -3.9%
Home Financing 1.5% - -
Asset Allocation Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Equity 100.2% 100.0% 0.2%
Market Cap Real Estate Fund FTSE NAREIT Equity REITs TR Index Overweight / Underweight
Mid 53.7% 45.6% 8.1%
Large 39.6% 40.3% -0.7%
Small 6.9% 14.1% -7.2%
Analytics
(As of 06/30/2019)

Morningstar 06/30/2019 (based on risk adjusted performance)
  • B
Overall Rating
Number of Funds
226
Category
Real Estate
Performance Statistics
3Y
5Y
Alpha
-1.22
-0.70
Beta
0.94
0.98
Information Ratio
-0.70
-0.50
R-Squared
97.87
98.45
Sharpe Ratio
0.17
0.48
Standard Deviation
12.56
14.30
Sortino Ratio
0.25
0.80
Tracking Error
2.00
1.81
Distribution Rate
Distribution
0.87%
Adjusted Distribution
0.59%
Portfolio Characteristics
Fund
Fund Index
P/E Ratio (LTM)
32.22
31.40
P/E Ratio (NTM)
36.82
40.21
Price/Book
2.11
2.40
Turnover Ratio
72%
-
Active Share
61.04%
-
Dividends
Est. Frequency
Quarterly
Last Pay Date
6/20/2019
Per Share ($)
$0.0583
12-Month Distribution ($)
$0.4922
Team
Documents
  1. 1. 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.
  2. 2. 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.
  3. 3. 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.
  4. 4. 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.
  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. 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>
  7. 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 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 226 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>
  8. 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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