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Private Client Group
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Alternative

Real Estate Fund

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

Investment Style
Real Estate
Fund Inception
October 1, 2003
Total Assets (all classes) (as of 4/30/2017)
$1.22 billion
Fund Index
FTSE NAREIT Equity REITs Total Return Index
NAV (as of 5/25/17)
  • A
$25.32

Equity

Fixed Income

Municipal Bond
performance
analytics
holdings
as of 4/30/2017
  • E
as of 3/31/2017
  • E

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 5/25/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (NAV)
0.75% 1.91% 9.69% 9.42% 4.68% 10.37%
Cumulative
Annualized
ytd as of 5/25/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Real Estate Fund (NAV)
0.75% 4.87% 8.60% 8.87% 4.68% 10.33%
Gross Expense Ratio: 1.18% | Net Expense Ratio: 1.08%

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 Real Estate Fund FTSE NAREIT Equity REITs Total Return Index
2004 36.72% 31.58%
2005 14.64% 12.16%
2006 36.12% 35.06%
2007 -14.43% -15.69%
2008 -38.99% -37.73%
2009 30.51% 27.99%
2010 27.71% 27.96%
2011 8.47% 8.29%
2012 16.05% 18.06%
2013 3.11% 2.47%
2014 31.70% 30.14%
2015 2.63% 3.20%
2016 6.33% 8.52%

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 Real Estate Fund FTSE NAREIT Equity REITs Index BBG Barclays Agg S&P 500
4/30/2007 0.00 0.00 0.00 0.00
5/31/2007 -0.63 0.05 -0.76 3.49
6/30/2007 -10.47 -9.02 -1.05 1.77
7/31/2007 -17.29 -16.12 -0.23 -1.39
8/31/2007 -12.37 -10.61 1.00 0.09
9/30/2007 -8.22 -6.67 1.76 3.84
10/31/2007 -5.59 -5.62 2.68 5.49
11/30/2007 -14.10 -14.18 4.52 1.08
12/31/2007 -17.65 -18.50 4.82 0.38
1/31/2008 -19.20 -19.33 6.58 -5.64
2/29/2008 -22.58 -22.20 6.73 -8.71
3/31/2008 -17.65 -17.36 7.09 -9.10
4/30/2008 -12.84 -12.51 6.87 -4.68
5/31/2008 -12.76 -11.84 6.08 -3.44
6/30/2008 -22.14 -21.43 6.00 -11.58
7/31/2008 -19.81 -18.70 5.91 -12.33
8/31/2008 -17.81 -16.90 6.92 -11.06
9/30/2008 -18.27 -17.06 5.48 -18.98
10/31/2008 -43.32 -43.33 2.99 -32.59
11/30/2008 -56.02 -56.39 6.34 -37.43
12/31/2008 -49.99 -49.25 10.31 -36.76
1/31/2009 -58.37 -58.03 9.34 -42.09
2/28/2009 -66.66 -66.77 8.92 -48.26
3/31/2009 -65.89 -65.42 10.44 -43.72
4/30/2009 -54.31 -54.69 10.97 -38.34
5/31/2009 -53.24 -53.72 11.77 -34.89
6/30/2009 -55.10 -55.45 12.41 -34.76
7/31/2009 -50.42 -50.78 14.22 -29.83
8/31/2009 -43.62 -44.19 15.40 -27.29
9/30/2009 -40.36 -40.62 16.61 -24.58
10/31/2009 -42.98 -43.29 17.19 -25.98
11/30/2009 -39.10 -39.38 18.71 -21.54
12/31/2009 -35.00 -35.04 16.85 -20.02
1/31/2010 -38.71 -38.43 18.64 -22.90
2/28/2010 -35.05 -35.14 19.08 -20.51
3/31/2010 -28.70 -28.53 18.93 -15.72
4/30/2010 -23.68 -23.57 20.17 -14.39
5/31/2010 -27.65 -27.81 21.18 -21.22
6/30/2010 -31.73 -31.43 23.08 -25.35
7/31/2010 -24.97 -24.90 24.40 -20.12
8/31/2010 -26.20 -25.94 26.00 -23.72
9/30/2010 -23.02 -22.64 26.13 -16.91
10/31/2010 -19.85 -19.00 26.58 -13.75
11/30/2010 -21.35 -20.58 25.85 -13.74
12/31/2010 -17.34 -16.88 24.50 -7.98
1/31/2011 -14.74 -14.18 24.64 -5.80
2/28/2011 -10.28 -10.22 24.95 -2.57
3/31/2011 -11.54 -11.61 25.02 -2.53
4/30/2011 -6.50 -6.57 26.61 0.36
5/31/2011 -5.00 -5.27 28.26 -0.78
6/30/2011 -8.14 -8.40 27.89 -2.43
7/31/2011 -6.55 -6.99 29.91 -4.42
8/31/2011 -12.57 -12.26 31.81 -9.61
9/30/2011 -22.45 -21.88 32.77 -15.96
10/31/2011 -11.55 -10.62 32.91 -6.78
11/30/2011 -14.69 -14.00 32.80 -6.99
12/31/2011 -10.62 -9.98 34.26 -6.03
1/31/2012 -4.94 -4.13 35.44 -1.82
2/29/2012 -6.18 -5.16 35.41 2.42
3/31/2012 -1.54 -0.27 34.66 5.79
4/30/2012 1.23 2.60 36.16 5.13
5/31/2012 -4.04 -2.06 37.39 -1.19
6/30/2012 1.04 3.43 37.44 2.88
7/31/2012 3.01 5.46 39.34 4.31
8/31/2012 2.88 5.48 39.43 6.66
9/30/2012 0.93 3.60 39.62 9.42
10/31/2012 0.07 2.73 39.90 7.40
11/30/2012 -0.02 2.44 40.12 8.02
12/31/2012 3.36 6.27 39.92 9.00
1/31/2013 6.80 10.25 38.94 14.65
2/28/2013 7.21 11.64 39.64 16.21
3/31/2013 10.75 14.98 39.75 20.56
4/30/2013 17.51 22.66 41.16 22.89
5/31/2013 10.61 15.39 38.64 25.76
6/30/2013 7.57 13.17 36.50 24.07
7/31/2013 8.62 14.25 36.68 30.39
8/31/2013 1.31 6.29 35.99 26.61
9/30/2013 5.57 9.68 37.27 30.58
10/31/2013 10.62 14.59 38.38 36.58
11/30/2013 6.08 8.64 37.86 40.74
12/31/2013 6.29 8.89 37.09 44.31
1/31/2014 9.70 13.41 39.11 39.32
2/28/2014 15.53 19.09 39.85 45.69
3/31/2014 16.42 19.76 39.61 46.92
4/30/2014 20.25 23.73 40.79 48.00
5/31/2014 22.92 26.71 42.39 51.48
6/30/2014 24.50 28.12 42.47 54.61
7/31/2014 24.41 28.17 42.11 52.47
8/31/2014 27.69 31.95 43.68 58.57
9/30/2014 20.39 24.09 42.70 56.35
10/31/2014 33.78 36.43 44.11 60.17
11/30/2014 36.25 39.11 45.13 64.48
12/31/2014 39.67 41.71 45.26 64.06
1/31/2015 48.40 51.22 48.31 59.14
2/28/2015 44.01 45.95 46.92 68.28
3/31/2015 46.67 48.45 47.60 65.62
4/30/2015 37.92 40.29 47.07 67.21
5/31/2015 37.53 40.12 46.71 69.36
6/30/2015 30.93 33.67 45.11 66.08
7/31/2015 38.93 41.21 46.12 69.56
8/31/2015 30.39 32.47 45.91 59.33
9/30/2015 34.24 36.35 46.90 55.39
10/31/2015 41.06 44.35 46.92 68.50
11/30/2015 40.42 43.60 46.54 69.00
12/31/2015 43.01 46.24 46.06 66.33
1/31/2016 37.64 41.34 48.07 58.08
2/29/2016 36.83 40.75 49.12 57.86
3/31/2016 50.03 55.02 50.49 68.57
4/30/2016 46.10 51.32 51.07 69.23
5/31/2016 50.25 55.00 51.11 72.27
6/30/2016 60.83 65.81 53.82 72.71
7/31/2016 66.77 72.69 54.80 79.08
8/31/2016 61.31 66.36 54.62 79.33
9/30/2016 57.83 63.43 54.53 79.37
10/31/2016 49.34 54.19 53.35 76.09
11/30/2016 46.02 51.59 49.72 82.62
12/31/2016 51.68 58.70 49.93 86.23
1/31/2017 50.35 58.88 50.22 89.76
2/28/2017 56.12 64.30 51.23 97.29
3/31/2017 52.56 60.55 51.15 97.52
4/30/2017 52.80 60.74 52.32 99.55
Date Dividends
6/15/2007 0.0469
9/14/2007 0.0917
12/24/2007 0.0446
6/13/2008 0.1542
9/25/2008 0.1617
6/18/2009 0.1415
9/24/2009 0.1063
3/18/2010 0.0388
6/24/2010 0.1087
9/23/2010 0.0914
12/22/2010 0.0031
3/24/2011 0.0415
6/23/2011 0.0563
9/22/2011 0.0558
12/16/2011 0.0755
3/22/2012 0.1013
6/21/2012 0.0955
9/20/2012 0.1152
12/14/2012 0.1747
3/21/2013 0.0662
6/20/2013 0.1831
9/19/2013 0.1212
12/13/2013 0.0364
3/20/2014 0.0624
6/19/2014 0.1385
9/18/2014 0.1407
12/11/2014 0.1475
12/29/2014 0.0607
3/18/2015 0.06
6/17/2015 0.1418
9/23/2015 0.1926
12/10/2015 0.2089
3/23/2016 0.09
6/22/2016 0.1345
9/21/2016 0.2138
12/8/2016 0.2314
3/22/2017 0.0973

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 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 5/26/2017

Date 2012 2013 2014 2015 2016
Short Term 0.1761 0.4868 0.4472
Long Term 0.0032 1.0441 1.5582 2.2193
Total Amount of Distribution 0.0032 1.2201 2.0449 2.6665
Record Date 12/11/13 12/10/14 12/9/15 12/7/16
Ex Div Date 12/12/13 12/11/14 12/10/15 12/8/16
Pay Date 12/13/13 12/11/14 12/10/15 12/8/16

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

Analytics

(As of 4/30/2017)

Morningstar 4/30/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
233
Category
Real Estate
Performance Statistics
3Y
5Y
Alpha
-0.49
-0.41
Information Ratio
-0.34
-0.32
Sharpe Ratio
0.61
0.67
Standard Deviation
14.97
14.02
Sortino Ratio
0.31
0.32
Beta
1.00
0.99
Tracking Error
1.51
1.61
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
3/22/2017
Per Share ($)
$0.10
Net Income
0.00%
Net Profit from Sale
67.00%
Other Capital Sources
33.00%
12-Month Distribution ($)
$0.68
Portfolio Characteristics
Fund
Fund Index
Trailing P/E
33.59
33.16
Forward P/E
41.44
38.97
Price/Book
2.19
2.38
Turnover Ratio
85.00%
-
Distribution Rate
Distribution
1.56%
Adjusted Distribution
1.04%

Top Issuers

(73.7% of assets as of 04/30/17)


Portfolio Holdings Breakdown

Country 6
Equity Sector 6
Asset Allocation 6
Market Cap 7
Country Real Estate Fund FTSE NAREIT Equity REITs Total Return Index Overweight / Underweight
United States 98.9% 100.0% -1.1%
Equity Sector Real Estate Fund FTSE NAREIT Equity REITs Total Return Index Overweight / Underweight
Office 14.7% 12.0% 2.8%
Apartments 14.0% 13.9% 0.1%
Health Care 12.1% 12.7% -0.6%
Industrial 10.7% 7.8% 2.9%
Regional Malls 9.9% 9.8% 0.1%
Shopping Centers 9.1% 7.1% 1.9%
Self Storage 6.1% 6.0% 0.1%
Single Family Homes 5.3% 0.9% 4.3%
Free Standing 5.2% 4.0% 1.2%
Lodging/Resorts 4.8% 5.8% -1.0%
Specialty 3.6% 4.6% -1.1%
Data Centers 3.4% 7.6% -4.2%
Asset Allocation Real Estate Fund FTSE NAREIT Equity REITs Total Return Index Overweight / Underweight
Equity 98.9% 100.0% -1.1%
Market Cap Real Estate Fund FTSE NAREIT Equity REITs Total Return Index Overweight / Underweight
Mid 44.2% 49.0% -4.9%
Large 30.3% 29.4% 1.0%
Small 24.4% 21.6% 2.7%
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  1. 1. The Fund's portfolio managers are employed by its Sub-Sub-Adviser, Barings LLC.
  2. 2. Special Risks: 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. Access index definitions.
  5. 5. The Fund intends to declare and pay dividends quarterly. At the time of the distribution, the amounts attributed to each category (dividend income, return of capital and/or capital gains) are estimated using historical information because the character of the amounts received from underlying real estate investment trusts ("REITs") is unknown until after the end of the calendar year. The amount distributed to shareholders is based on the underlying REIT distributions received less fund expenses. The distribution rate is based on the ex-dividend date immediately preceding the nearest month-end or quarter-end. The ex-dividend date is the day before the pay date. The distribution 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. Each result is compounded semiannually and annualized. Adjusted distribution rate for each share class is based on the Fund's distributed income less an estimate of the average return of capital based on historical ratios from the past three calendar years and that date's net asset value. The result is compounded semiannually and annualized. Falling share prices artificially increase distribution rates. Please note that OppenheimerFunds, Inc. is not quoting a 30-day SEC yield. See the Fund's prospectus for more information.
  6. 6. 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.
  7. 7. 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.
  8. 8. For Share Classes with less than a one-year track record, expense ratios are estimated based on the Manager's projections of those expenses for the coming fiscal year.
  9. 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 p.m. ET daily. ↩
  10. 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. ↩
  11. 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. ↩
  12. D. There is no guarantee of the payment of any dividend or other distributions at any level. ↩
  13. E. 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. ↩
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