Fund Facts  

Inception Date: Feb 13, 1987
CUSIP: 68381A103
Ticker Symbol: OAEIX
Morningstar Category:Large Value
As of Dec 31, 2016
Fund Net Assets ($millions) $4,187

Documents for Fund or Underlying Fund(s)  



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. The portfolio manager 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 Fund’s prospectus or other disclosure documents for information about the Fund’s risks.


Performance & Expenses

Standard Performance As of Dec 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Oppenheimer Equity Income Aa7.72%14.67%14.67%4.40%12.28%6.61%11.16%
Russell 1000 Value Indexa,b6.68%17.34%17.34%8.59%14.80%5.72%N/A
Morningstar Large Valuea,c6.34%14.81%14.81%6.84%12.97%5.38%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

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 Expensesa1.05%


a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 All rights reserved. This information: (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 and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

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.


Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 12, 2016Dec 12, 2016$0.211960000
Sep 22, 2016Sep 22, 2016$0.178690000
Jun 23, 2016Jun 23, 2016$0.140620000
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 RatingTM   As of Dec 31, 2016
Period Stars Category Size
Overall 3 Stars1088
3-Year 1 Stars1088
5-Year 2 Stars934
10-Year 4 Stars680

The Morningstar Rating™ 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. 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.

Morningstar Stylebox As of Dec 31, 2016
Equity Stylebox
Large Value
Allocation of Assets As of Nov 30, 2016
Type of Asset Percent
Fixed Income9%

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



Allocation of Assets As of Nov 30, 2016
Asset ClassPercent
Domestic Stock83.7%
Foreign Stock3.9%
Domestic Bond0.1%
Foreign Bond0.0%

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

Equity Sector As of Nov 30, 2016
Financial Services24.3%
Consumer Defensive7.3%
Consumer Cyclical6.7%
Real Estate5.5%
Communication Services3.4%
Basic Materials1.3%

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

Top Ten Holdings As of Nov 30, 2016
Holding NamePercent
Citigroup Inc5.3%
Assured Guaranty Ltd3.8%
JPMorgan Chase & Co2.7%
Chevron Corp2.6%
Apple Inc2.6%
Wells Fargo & Co2.6%
AT&T Inc2.5%
Pfizer Inc2.3%
Royal Dutch Shell PLC ADR Class A2.2%
Exxon Mobil Corp2.0%


Portfolio Statistics As of Dec 31, 2016
Standard Deviation12.7412.14



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, or visiting

The source for this information is Morningstar, Inc. Copyright © 2017 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.