Fund Facts  

Inception Date: Feb 13, 1987
Ticker Symbol: OAEIX
Morningstar Category:Large Value
As of Mar 31, 2014
Fund Net Assets ($millions) $5,848

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks total return.

Principal Investment Strategies  

The fund mainly invests in common stocks of U.S. companies that the portfolio manager believes are undervalued. It will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities. The fund may invest in equity securities issued by companies of different capitalization ranges, but will typically focus on larger capitalization stocks. It does not intend to invest more than 25% of its net assets in securities of issuers in any single foreign country or more than 5% of its net assets in companies or government issuers in emerging market countries.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Oppenheimer Equity Income Aa-0.97%-0.97%-11.62%5.23%6.52%5.71%10.90%
Russell 1000 Value Indexa,b1.64%1.64%-1.54%9.38%10.25%5.72%N/A
Morningstar Large Valuea,c1.28%1.28%-2.96%8.16%8.75%5.20%N/A

Fund past performance, as shown, is no guarantee of how the fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total expensesa1.02%

 

a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. ICMA-RC does not independently verify Morningstar data.

b. The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000® Index companies with lower price-to-book ratios and lower expected growth values.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Mar 24, 2016Mar 24, 2016$0.132130000
Dec 8, 2015Dec 8, 2015$1.977330000
Sep 24, 2015Sep 24, 2015$0.227450000
Jun 18, 2015Jun 18, 2015$0.177280000
Mar 19, 2015Mar 19, 2015$0.156080000
Dec 9, 2014Dec 9, 2014$1.997140000
Sep 18, 2014Sep 18, 2014$0.181550000
Jun 19, 2014Jun 19, 2014$0.124070000
Mar 20, 2014Mar 20, 2014$0.216140000
Dec 10, 2013Dec 10, 2013$1.502700000
Sep 19, 2013Sep 19, 2013$0.185470000
Jun 20, 2013Jun 20, 2013$0.174300000
Mar 21, 2013Mar 21, 2013$0.131090000
 

Morningstar Information

Morningstar Rating   As of Mar 31, 2014
Period Stars Category Size
Overall 3 Stars1207
3-Year 1 Stars1207
5-Year 3 Stars1051
10-Year 4 Stars764

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Mar 31, 2014
Equity Stylebox
Large Value
Allocation of Assets As of Feb 28, 2014
Type of Asset Percent
Equity82%
Fixed Income16%
Cash/Other2%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Feb 28, 2014
Asset ClassPercent
Domestic Stock75.2%
Foreign Stock7.3%
Domestic Bond1.8%
Foreign Bond0.2%
Preferred5.7%
Convertible8.2%
Cash0.0%
Other1.8%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Feb 28, 2014
SectorPercent
Financial Services20.6%
Consumer Cyclical12.9%
Energy10.7%
Healthcare7.0%
Technology6.8%
Communication Services6.2%
Consumer Defensive5.4%
Basic Materials3.4%
Real Estate3.3%
Industrials3.3%
Utilities2.6%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Holdings As of Feb 28, 2014
Holding NamePercent
Citigroup Inc3.8%
JPMorgan Chase & Co3.6%
Apple Inc3.1%
Chevron Corp2.5%
General Motors Co2.3%
MetLife Inc2.3%
Ford Motor Co2.2%
Mgic Invt Corp Wis 144A Cv 9%2.2%
Merck & Co Inc2.1%
Assured Guaranty Ltd2.0%
 

Statistics

Portfolio Statistics As of Mar 31, 2014
Statistic3-Year5-Year
Beta1.111.03
Alpha-3.400.12
Standard Deviation15.0416.05
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.