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OPGIX

Global Opportunities Fund

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Overview

The Strategy typically invests opportunistically in both U.S. and foreign stocks.

Inception Date
October 22, 1990
Investment Style
Global Opportunity
Fund Index
MSCI ACWI
CUSIP
683943104
NAV
  • A
(as of 04/20/2018)
$72.95
Total Assets
(as of 03/31/2018)
$9.04 BN
Gross Expense Ratio
(as of 03/29/2018)
1.17%
Net Expense Ratio
(as of 03/29/2018)
1.17%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 03/31/2018
  • B
as of 03/31/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (NAV)
9.38% 40.85% 27.43% 21.65% 13.83% 12.90%
MSCI ACWI
-0.96% 14.85% 8.12% 9.20% 5.57% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (with sales charge)
3.09% 32.75% 24.94% 20.21% 13.16% 12.65%
MSCI ACWI
-0.96% 14.85% 8.12% 9.20% 5.57% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (NAV)
9.38% 40.85% 27.43% 21.65% 13.83% 12.90%
MSCI ACWI
-0.96% 14.85% 8.12% 9.20% 5.57% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (with sales charge)
3.09% 32.75% 24.94% 20.21% 13.16% 12.65%
MSCI ACWI
-0.96% 14.85% 8.12% 9.20% 5.57% -
Gross Expense Ratio: 1.17% | Net Expense Ratio: 1.17%

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 Global Opportunities Fund MSCI ACWI
1991 15.00% -
1992 -6.18% -
1993 39.49% -
1994 -4.70% -
1995 17.37% -
1996 15.31% -
1997 28.25% -
1998 12.83% -
1999 86.57% -
2000 -4.22% -
2001 -16.32% -16.21%
2002 -26.99% -19.32%
2003 57.25% 33.99%
2004 29.88% 15.23%
2005 17.43% 10.84%
2006 11.00% 20.95%
2007 3.58% 11.66%
2008 -41.92% -42.19%
2009 75.79% 34.63%
2010 12.63% 12.67%
2011 -9.24% -7.35%
2012 10.28% 16.13%
2013 40.68% 22.80%
2014 -3.46% 4.16%
2015 13.93% -2.36%
2016 10.70% 7.86%
2017 52.52% 23.97%

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 Global Opportunities Fund MSCI ACWI S&P 500
3/31/2008 0.00 0.00 0.00
4/30/2008 3.10 5.58 4.87
5/31/2008 6.17 7.23 6.23
6/30/2008 -4.72 -1.58 -2.73
7/31/2008 -6.28 -4.13 -3.54
8/31/2008 -2.33 -6.20 -2.15
9/30/2008 -15.86 -17.92 -10.87
10/31/2008 -31.75 -34.19 -25.84
11/30/2008 -39.24 -38.51 -31.16
12/31/2008 -35.49 -36.28 -30.43
1/31/2009 -40.01 -41.72 -36.29
2/28/2009 -43.46 -47.43 -43.07
3/31/2009 -36.24 -43.10 -38.09
4/30/2009 -25.94 -36.38 -32.16
5/31/2009 -13.20 -30.05 -28.37
6/30/2009 -14.61 -30.44 -28.23
7/31/2009 -10.37 -24.31 -22.80
8/31/2009 -4.19 -21.61 -20.01
9/30/2009 3.83 -18.01 -17.03
10/31/2009 -3.44 -19.28 -18.57
11/30/2009 5.40 -15.96 -13.68
12/31/2009 13.40 -14.22 -12.01
1/31/2010 10.34 -17.92 -15.18
2/28/2010 11.02 -16.88 -12.55
3/31/2010 19.49 -11.53 -7.28
4/30/2010 20.21 -11.38 -5.81
5/31/2010 11.83 -19.78 -13.33
6/30/2010 6.93 -22.26 -17.87
7/31/2010 15.53 -15.93 -12.12
8/31/2010 6.55 -18.87 -16.08
9/30/2010 18.98 -11.11 -8.59
10/31/2010 22.89 -7.89 -5.12
11/30/2010 19.74 -9.94 -5.10
12/31/2010 27.72 -3.35 1.24
1/31/2011 26.18 -1.83 3.64
2/28/2011 31.68 1.03 7.19
3/31/2011 30.17 0.93 7.23
4/30/2011 39.92 5.05 10.41
5/31/2011 37.99 2.80 9.16
6/30/2011 32.71 1.18 7.34
7/31/2011 29.48 -0.47 5.16
8/31/2011 26.13 -7.74 -0.56
9/30/2011 12.60 -16.45 -7.55
10/31/2011 22.87 -7.50 2.56
11/30/2011 17.58 -10.27 2.33
12/31/2011 15.92 -10.45 3.38
1/31/2012 26.29 -5.24 8.01
2/29/2012 33.03 -0.48 12.68
3/31/2012 37.09 0.19 16.39
4/30/2012 31.35 -0.96 15.66
5/31/2012 18.43 -9.84 8.71
6/30/2012 24.05 -5.39 13.19
7/31/2012 21.89 -4.09 14.76
8/31/2012 24.91 -2.01 17.34
9/30/2012 28.76 1.08 20.37
10/31/2012 23.96 0.41 18.15
11/30/2012 23.83 1.69 18.84
12/31/2012 27.84 3.99 19.92
1/31/2013 33.39 8.78 26.13
2/28/2013 30.85 8.77 27.84
3/31/2013 37.15 10.76 32.64
4/30/2013 39.03 13.92 35.19
5/31/2013 44.05 13.61 38.36
6/30/2013 44.58 10.29 36.50
7/31/2013 52.58 15.57 43.44
8/31/2013 54.15 13.16 39.29
9/30/2013 66.56 19.00 43.66
10/31/2013 65.73 23.79 50.26
11/30/2013 75.83 25.54 54.84
12/31/2013 79.85 27.71 58.76
1/31/2014 80.46 22.60 53.27
2/28/2014 90.16 28.52 60.28
3/31/2014 82.43 29.09 61.63
4/30/2014 73.42 30.32 62.82
5/31/2014 76.00 33.09 66.65
6/30/2014 82.21 35.60 70.09
7/31/2014 68.66 33.95 67.74
8/31/2014 78.45 36.91 74.45
9/30/2014 69.01 32.47 72.01
10/31/2014 71.37 33.41 76.21
11/30/2014 77.36 35.64 80.95
12/31/2014 73.63 33.02 80.49
1/31/2015 73.19 30.94 75.07
2/28/2015 81.34 38.23 85.14
3/31/2015 76.56 36.09 82.21
4/30/2015 73.41 40.04 83.96
5/31/2015 82.30 39.85 86.32
6/30/2015 85.42 36.56 82.71
7/31/2015 89.05 37.75 86.54
8/31/2015 75.78 28.30 75.29
9/30/2015 72.75 23.66 70.95
10/31/2015 80.73 33.36 85.37
11/30/2015 97.07 32.26 85.92
12/31/2015 97.82 29.87 82.99
1/31/2016 75.67 22.04 73.91
2/29/2016 71.96 21.20 73.67
3/31/2016 89.08 30.18 85.46
4/30/2016 96.85 32.11 86.18
5/31/2016 105.27 32.27 89.52
6/30/2016 96.45 31.47 90.01
7/31/2016 114.01 37.14 97.02
8/31/2016 117.50 37.60 97.29
9/30/2016 123.98 38.44 97.33
10/31/2016 108.19 36.09 93.73
11/30/2016 113.22 37.13 100.90
12/31/2016 118.98 40.09 104.88
1/31/2017 127.31 43.92 108.76
2/28/2017 137.07 47.96 117.05
3/31/2017 159.39 49.77 117.30
4/30/2017 163.34 52.10 119.54
5/31/2017 175.48 55.46 122.63
6/30/2017 173.19 56.17 124.01
7/31/2017 185.38 60.53 128.62
8/31/2017 180.86 61.15 129.32
9/30/2017 192.23 64.26 134.05
10/31/2017 196.70 67.67 139.51
11/30/2017 231.64 70.92 146.86
12/31/2017 233.99 73.67 149.60
1/31/2018 269.81 83.47 163.89
2/28/2018 258.75 75.76 154.17
3/29/2018 265.33

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 04/22/2018

Date 2013 2014 2015 2016 2017
Short Term 0.3151 0.1334
Long Term 0.2496 3.1737 1.4556
Total Amount of Distribution 0.2496 3.4888 1.5891
Record Date 12/10/15 12/8/16 12/6/17
Ex Div Date 12/11/15 12/9/16 12/7/17
Pay Date 12/11/15 12/9/16 12/7/17

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

Portfolio

Top Issuers

(37.6% of assets as of 03/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Emerging Markets
Country Global Opportunities Fund MSCI ACWI Overweight / Underweight
United States 31.0% 52.2% -21.3%
Japan 12.4% 8.0% 4.5%
United Kingdom 10.3% 5.7% 4.6%
Germany 7.7% 3.2% 4.5%
Denmark 5.1% 0.6% 4.5%
France 4.7% 3.6% 1.1%
Italy 2.6% 0.8% 1.8%
Spain 2.3% 1.1% 1.3%
Sweden 1.5% 0.9% 0.6%
Belgium 1.5% 0.4% 1.1%
Norway 1.4% 0.2% 1.2%
Finland 1.4% 0.3% 1.0%
Israel 1.0% 0.1% 0.9%
Canada 0.5% 3.0% -2.5%
China 0.5% 3.7% -3.2%
Portugal 0.4% 0.1% 0.3%
New Zealand 0.3% 0.1% 0.3%
Argentina 0.2% - -
Developed Markets Global Opportunities Fund MSCI ACWI Overweight / Underweight
Europe 38.8% 20.7% 18.1%
Americas 31.5% 55.2% -23.7%
Asia Pacific 12.7% 11.7% 1.0%
Middle East 1.0% 0.1% 0.9%
Equity Sector Global Opportunities Fund MSCI ACWI Overweight / Underweight
Information Technology 30.5% 18.8% 11.6%
Health Care 29.4% 10.6% 18.8%
Consumer Discretionary 14.6% 12.3% 2.3%
Industrials 11.1% 10.8% 0.2%
Consumer Staples 4.0% 8.4% -4.4%
Materials 3.4% 5.4% -2.0%
Financials 1.9% 18.7% -16.8%
Real Estate 0.8% 3.0% -2.1%
Telecommunication Services 0.7% 2.9% -2.2%
Broad Market -11.7% - -
Industry Global Opportunities Fund MSCI ACWI Overweight / Underweight
Pharmaceuticals 14.0% 4.8% 9.3%
Semiconductors & Semiconductor Equipment 11.3% 3.3% 7.9%
Software 8.8% 3.7% 5.1%
Biotechnology 7.2% 1.8% 5.5%
Electronic Equipment Instruments & Components 5.6% 1.1% 4.4%
Health Care Equipment & Supplies 4.1% 1.9% 2.2%
Internet & Direct Marketing Retail 3.4% 2.0% 1.4%
Machinery 3.2% 1.9% 1.2%
Household Durables 2.9% 0.7% 2.2%
Life Sciences Tools & Services 2.7% 0.5% 2.2%
Chemicals 2.3% 2.8% -0.5%
Electrical Equipment 2.2% 0.8% 1.4%
Aerospace & Defense 2.1% 2.0% 0.2%
Textiles Apparel & Luxury Goods 2.0% 1.1% 0.9%
IT Services 1.8% 2.9% -1.1%
Media 1.6% 2.1% -0.4%
Personal Products 1.6% 0.9% 0.7%
Capital Markets 1.5% 2.8% -1.3%
Food Products 1.5% 1.8% -0.3%
Auto Components 1.4% 0.7% 0.7%
Asset Allocation Global Opportunities Fund MSCI ACWI Overweight / Underweight
Equity 84.7% 100.0% -15.3%
Net Cash and Equivalents 15.3% - -
Market Cap Global Opportunities Fund MSCI ACWI Overweight / Underweight
Mid 39.9% 12.4% 27.5%
Large 33.0% 87.5% -54.6%
Small 23.5% 0.1% 23.4%
Emerging Markets Global Opportunities Fund MSCI ACWI Overweight / Underweight
Asia Pacific 0.5% 8.9% -8.4%
Americas 0.2% 1.5% -1.3%
Analytics
(As of 03/31/2018)

Morningstar 03/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
113
Category
World Small/Mid Stock
Performance Statistics
3Y
5Y
Alpha
16.49
11.25
Beta
1.14
1.05
Information Ratio
1.52
1.03
R-Squared
49.16
44.58
Sharpe Ratio
1.44
1.27
Standard Deviation
17.70
16.27
Upside Capture
170.14
139.13
Downside Capture
64.22
65.70
Sortino Ratio
0.78
0.66
Tracking Error
12.69
12.10
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/7/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$13.70 B
$129.40 B
Median Market Cap (weighted)
$7.40 B
$53.50 B
P/E Ratio (NTM)
32.87
15.08
P/E Ratio (LTM)
33.93
18.58
Price/Book
4.71
2.31
Return on Equity
11.35%
16.23%
EPS Growth Rate 3Y
14.90%
9.08%
EPS Growth Rate 5Y
15.00%
7.93%
Sales Growth Rate 3Y
9.10%
-
Sales Growth Rate 5Y
9.37%
-
Turnover Ratio
18.00%
-
Active Share
97.52%
-
Distribution Sources
  • D
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. Special Risks: 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. Eurozone investments may be subject to volatility and liquidity issues. Investments in securities of growth companies may be volatile. 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. Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Below-investment-grade (“high yield” or "junk") bonds are more at risk of default and are subject to liquidity risk. 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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