OSVAX

Dividend Opportunity Fund
  • A
  • 1

Overview

The Strategy typically invests in dividend-paying value stocks.

Inception Date
November 26, 2002
Investment Style
Dividend Value
Fund Index
Russell 3000® Value Index
CUSIP
00141B659
NAV
(as of 07/23/2019)
$24.18
Total Assets
(as of 06/30/2019)
$258.35 MM
Gross Expense Ratio
(as of 06/30/2019)
1.22%
Net Expense Ratio
(as of 06/30/2019)
1.14%
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
Dividend Opportunity Fund (NAV)
14.88% 5.90% 8.88% 6.21% 9.85% 7.83%
Russell 3000® Value Index
16.05% 7.34% 10.19% 7.31% 13.14% -
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (with sales charge)
8.54% 0.08% 6.86% 5.02% 9.23% 7.46%
Russell 3000® Value Index
16.05% 7.34% 10.19% 7.31% 13.14% -
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (NAV)
14.88% 5.90% 8.88% 6.21% 9.85% 7.83%
Russell 3000® Value Index
16.05% 7.34% 10.19% 7.31% 13.14% -
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (with sales charge)
8.54% 0.08% 6.86% 5.02% 9.23% 7.46%
Russell 3000® Value Index
16.05% 7.34% 10.19% 7.31% 13.14% -
Gross Expense Ratio: 1.22% | Net Expense Ratio: 1.14%

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 Dividend Opportunity Fund Russell 3000® Value Index
2003 39.67% 31.14%
2004 16.50% 16.94%
2005 9.12% 6.85%
2006 20.46% 22.34%
2007 4.01% -1.01%
2008 -46.94% -36.25%
2009 41.22% 19.76%
2010 19.34% 16.23%
2011 -10.84% -0.10%
2012 11.68% 17.55%
2013 23.45% 32.69%
2014 4.95% 12.70%
2015 0.24% -4.13%
2016 13.67% 18.40%
2017 14.40% 13.19%
2018 -8.87% -8.58%

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
12/14/2009 0.1394
12/14/2011 0.0471
12/12/2012 0.0968
12/5/2013 0.2441
12/30/2013 0.0512
3/19/2014 0.1372
6/18/2014 0.1585
9/17/2014 0.1413
12/2/2014 0.1182
3/17/2015 0.1294
6/16/2015 0.1312
9/22/2015 0.1314
12/1/2015 0.121
3/22/2016 0.1297
6/21/2016 0.1354
9/20/2016 0.1408
12/1/2016 0.2201
3/21/2017 0.137
6/20/2017 0.1379
9/19/2017 0.1378
12/1/2017 0.1341
3/20/2018 0.1321
6/19/2018 0.1356
9/18/2018 0.1382
12/10/2018 0.1634
3/19/2019 0.1312
6/20/2019 0.1378

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 0.0364
Long Term 0.3644
Total Amount of Distribution 0.4009
Record Date 12/7/18
Ex Div Date 12/10/18
Pay Date 12/10/18
Portfolio

Top Issuers

(45.8% of assets as of 06/30/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
United States 70.4% 99.7% -29.2%
United Kingdom 10.3% - -
Japan 4.6% - -
Canada 2.5% 0.0% 2.5%
Germany 2.0% - -
Switzerland 1.8% - -
Netherlands 1.5% 0.2% 1.3%
Australia 1.2% - -
Spain 0.8% - -
Portugal 0.6% - -
France 0.5% - -
Taiwan 0.4% - -
Developed Markets Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Americas 72.9% 99.7% -26.7%
Europe 17.4% 0.2% 17.2%
Asia Pacific 5.8% - -
Emerging Markets Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Asia Pacific 0.4% 0.1% 0.3%
Equity Sector Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Financials 12.9% 23.0% -10.1%
Health Care 12.5% 14.4% -1.9%
Information Technology 11.4% 9.9% 1.5%
Energy 11.3% 8.7% 2.6%
Consumer Staples 11.0% 7.4% 3.6%
Industrials 8.4% 8.3% 0.1%
Communication Services 7.4% 6.8% 0.6%
Utilities 6.6% 6.5% 0.1%
Consumer Discretionary 6.4% 5.5% 0.9%
Materials 5.2% 4.0% 1.2%
Real Estate 3.4% 5.5% -2.1%
Industry Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Oil Gas & Consumable Fuels 11.3% 8.0% 3.3%
Pharmaceuticals 9.1% 6.4% 2.7%
Banks 8.5% 11.2% -2.7%
Diversified Telecommunication Services 6.6% 3.4% 3.2%
Beverages 4.8% 0.5% 4.3%
Electric Utilities 4.7% 3.7% 1.0%
Equity Real Estate Investment Trusts (REITs) 3.4% 5.4% -2.0%
Tobacco 3.1% 0.9% 2.2%
Semiconductors & Semiconductor Equipment 2.9% 3.4% -0.5%
Communications Equipment 2.9% 2.2% 0.7%
Software 2.7% 1.6% 1.1%
Insurance 2.7% 4.5% -1.7%
Chemicals 2.5% 2.7% -0.2%
Aerospace & Defense 2.3% 1.5% 0.8%
Multiline Retail 2.3% 0.6% 1.7%
Metals & Mining 2.3% 0.7% 1.5%
Household Products 2.2% 2.3% -0.1%
Automobiles 2.2% 0.7% 1.6%
Trading Companies & Distributors 1.9% 0.2% 1.7%
Multi-Utilities 1.9% 1.9% 0.0%
Asset Allocation Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Equity 96.6% 100.0% -3.4%
Market Cap Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Large 85.0% 73.7% 11.2%
Mid 8.3% 19.6% -11.3%
Small 3.3% 6.6% -3.3%
Analytics
(As of 06/30/2019)

Morningstar 06/30/2019 (based on risk adjusted performance)
  • B
Overall Rating
Number of Funds
1103
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-0.04
-0.14
Beta
0.85
0.85
Information Ratio
-0.47
-0.34
R-Squared
96.11
93.62
Sharpe Ratio
0.71
0.54
Standard Deviation
10.73
10.58
Upside Capture
82.80
81.59
Downside Capture
79.14
79.94
Sortino Ratio
1.04
0.82
Win Ratio
47.00
47.00
Loss Ratio
53.00
53.00
Tracking Error
2.81
3.26
Yields
Dividend Yield (with sales charge)
2.18%
Dividend Yield (w/o sales charge)
2.31%
Standardized Yield
2.41%
Unsubsidized Yield
2.36%
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$134.33 B
$120.93 B
Median Market Cap (weighted)
$80.22 B
$56.91 B
P/E Ratio (LTM)
14.63
16.63
P/E Ratio (NTM)
12.81
14.43
Price/Book
2.04
2.05
Return on Equity
14.61%
12.37%
Turnover Ratio
51%
-
Active Share
75.50%
-
Dividends
Est. Frequency
Quarterly
Last Pay Date
6/20/2019
Per Share ($)
$0.1378
12-Month Distribution ($)
$0.5705
Team
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time. Value investing involves the risk that undervalued securities may not appreciate as anticipated. 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 mid-sized company, if any gain is realized at all. 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.
  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 Russell 3000® Value Index measures the performance of the broad value segment of the U.S. equity universe. It includes those Russell 3000 companies with lower price-to-book ratios and lower forecasted growth values. The index is unmanaged 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. 6. The dividend (or distribution) yield is based on the pay date immediately preceding the nearest month-end or quarter-end.  The dividend yield 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 yield 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 yields.
  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 Dividend Opportunity Fund was rated against the following numbers of Large Value funds over the following time periods: the fund was rated 2 stars among 1103 funds in the last three years, 3 stars among 956 in the last five years, and 1 stars among 696 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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