Class A | Class B | Class C | Class R | Class Y | Class I | ||
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) | 5.75% | None | None | None | None | None | |
| |||||||
Maximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption proceeds) | None | 5% | 1% | None | None | None |
Class A | Class B | Class C | Class R | Class Y | Class I | ||
Management Fees | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% | |
| |||||||
Distribution and/or Service (12b-1) Fees | 0.25% | 1.00% | 1.00% | 0.50% | None | None | |
| |||||||
Other Expenses | 0.24% | 0.24% | 0.24% | 0.24% | 0.24% | 0.05% | |
| |||||||
Total Annual Fund Operating Expenses | 1.19% | 1.94% | 1.94% | 1.44% | 0.94% | 0.75% |
1. | Expenses have been restated to reflect current fees. |
If shares are redeemed | If shares are not redeemed | ||||||||
1 Year | 3 Years | 5 Years | 10 Years | 1 Year | 3 Years | 5 Years | 10 Years | ||
Class A | $690 | $933 | $1,195 | $1,943 | $690 | $933 | $1,195 | $1,943 | |
| |||||||||
Class B | $699 | $915 | $1,257 | $1,907 | $199 | $615 | $1,057 | $1,907 | |
| |||||||||
Class C | $299 | $615 | $1,057 | $2,286 | $199 | $615 | $1,057 | $2,286 | |
| |||||||||
Class R | $148 | $459 | $792 | $1,736 | $148 | $459 | $792 | $1,736 | |
| |||||||||
Class Y | $96 | $301 | $522 | $1,160 | $96 | $301 | $522 | $1,160 | |
| |||||||||
Class I | $77 | $241 | $418 | $934 | $77 | $241 | $418 | $934 |
Oppenheimer Global Opportunities Fund | 1 |
2 | Oppenheimer Global Opportunities Fund |
Oppenheimer Global Opportunities Fund | 3 |
4 | Oppenheimer Global Opportunities Fund |
1 Year | 5 Years (or life of class, if less) |
10 Years | ||
Class A Shares (inception 10/22/90) | ||||
Return Before Taxes | 7.38% | 7.86% | 6.80% | |
Return After Taxes on Distributions | 7.20% | 7.75% | 5.70% | |
Return After Taxes on Distributions and Sale of Fund Shares | 4.30% | 6.19% | 5.10% | |
| ||||
Class B Shares (inception 10/10/95) | 8.08% | 7.93% | 6.91% | |
| ||||
Class C Shares (inception 12/1/93) | 12.06% | 8.32% | 6.62% | |
| ||||
Class R Shares (inception 3/1/01) | 13.65% | 8.81% | 7.08% | |
| ||||
Class Y Shares (inception 2/1/01) | 14.22% | 9.43% | 7.76% | |
| ||||
Class I Shares (inception 1/27/12) | 14.44% | 12.33% | N/A | |
| ||||
Morgan Stanley Capital International (MSCI) AC World Index | (2.36)% | 6.09% | 4.76% | |
(reflects no deduction for fees, expenses, or taxes) | 8.38%* |
* | As of 01/31/2012 |
Oppenheimer Global Opportunities Fund | 5 |
6 | Oppenheimer Global Opportunities Fund |
■ | Foreign Market Risk. If there are fewer investors in a particular foreign market, securities traded in that market may be less liquid and more volatile than U.S. securities and more difficult to price. Foreign markets may also be subject to delays in the settlement of transactions and difficulties in pricing securities. If the Fund is delayed in settling a purchase or sale transaction, it may not receive any return on the invested assets or it may lose money if the value of the security declines. It may also be more expensive for the Fund to buy or sell securities in certain foreign markets than in the United States, which may increase the Fund’s expense ratio. |
■ | Foreign Economy Risk. Foreign economies may be more vulnerable to political or economic changes than the U.S. economy. They may be more concentrated in particular industries or may rely on particular resources or trading partners to a greater extent. Certain foreign economies may be adversely affected by shortages of investment capital or by high rates of inflation. Changes in economic or monetary policy in the U.S. or abroad may also have a greater impact on the economies of certain foreign countries. |
■ | Foreign Governmental and Regulatory Risks. Foreign companies may not be subject to the same accounting and disclosure requirements as U.S. companies. As a result there may be less accurate information available regarding a foreign company’s operations and financial condition. Foreign companies may be subject to capital controls, nationalization, or confiscatory taxes. There may be less government regulation of foreign issuers, exchanges and brokers than in the United States. Some countries also have restrictions that limit foreign ownership and may impose penalties for increases in the value of the Fund’s investment. The value of the Fund’s foreign investments may be affected if it experiences difficulties in enforcing legal judgments in foreign courts. |
Oppenheimer Global Opportunities Fund | 7 |
■ | Foreign Currency Risk. A change in the value of a foreign currency against the U.S. dollar will result in a change in the U.S. dollar value of securities denominated in that foreign currency. If the U.S. dollar rises in value against a foreign currency, a security denominated in that currency will be worth less in U.S. dollars and if the U.S. dollar decreases in value against a foreign currency, a security denominated in that currency will be worth more in U.S. dollars. The dollar value of foreign investments may also be affected by exchange controls. Foreign currency exchange transactions may impose additional costs on the Fund. The Fund can also invest in derivative instruments linked to foreign currencies. The change in value of a foreign currency against the U.S. dollar will result in a change in the U.S. dollar value of derivatives linked to that foreign currency. The investment adviser’s selection of foreign currency denominated investments may not perform as expected. Currency derivative investments may be particularly volatile and subject to greater risks than other types of foreign-currency denominated investments. |
■ | Foreign Custody Risk. There may be very limited regulatory oversight of certain foreign banks or securities depositories that hold foreign securities and foreign currency and the laws of certain countries may limit the ability to recover such assets if a foreign bank or depository or their agents goes bankrupt. There may also be an increased risk of loss of portfolio securities. |
■ | Time Zone Arbitrage. If the Fund invests a significant amount of its assets in foreign securities, it may be exposed to “time-zone arbitrage” attempts by investors seeking to take advantage of differences in the values of foreign securities that might result from events that occur after the close of the foreign securities market on which a security is traded and before the close of the New York Stock Exchange that day, when the Fund’s net asset value is calculated. If such time zone arbitrage were successful, it might dilute the interests of other shareholders. However, the Fund’s use of “fair value pricing” under certain circumstances, to adjust the closing market prices of foreign securities to reflect what the investment adviser and the Board believe to be their fair value, may help deter those activities. |
■ | Globalization Risks. The growing inter-relationship of global economies and financial markets has increased the effect of conditions in one country or region on issuers of securities in a different country or region. In particular, the adoption or prolongation of protectionist trade policies by one or more countries, changes in economic or monetary policy in the United States or abroad, or a slowdown in the U.S. economy, could lead to a decrease in demand for products and reduced flows of capital and income to companies in other countries. |
■ | Regional Focus. At times, the Fund might increase the relative emphasis of its investments in a particular region of the world. Securities of issuers in a region might be affected by changes in economic conditions or by changes in government regulations, availability of basic resources or supplies, or other events that affect that region more than others. If the Fund has a greater emphasis on investments in a particular region, it may be subject to greater risks from adverse events that occur in that region than a fund that invests in a different region or that is more geographically diversified. Political, social or economic disruptions in the region may adversely affect the values of the Fund’s holdings. |
■ | Less Developed Securities Markets. Developing or emerging market countries may have less well-developed securities markets and exchanges. Consequently they have lower trading volume than the securities markets of more developed countries and may be substantially less liquid than those of more developed countries. |
■ | Transaction Settlement. Settlement procedures in developing or emerging markets may differ from those of more established securities markets, and settlement delays may result in the inability to invest assets or to dispose of portfolio securities in a timely manner. As a result there could be subsequent declines in the value of the portfolio security, a decrease in the level of liquidity of the portfolio or, if there is a contract to sell the security, a possible liability to the purchaser. |
■ | Price Volatility. Securities prices in developing or emerging markets may be significantly more volatile than is the case in more developed nations of the world, which may lead to greater difficulties in pricing securities. |
■ | Less Developed Governments and Economies. The governments of developing or emerging market countries may be more unstable than the governments of more developed countries. In addition, the economies of developing or emerging market countries may be more dependent on relatively few industries or investors that may be highly vulnerable to local and global changes. Developing or emerging market countries may be subject to social, political, or economic instability. Further, the value of the currency of a developing or emerging market country may fluctuate more than the currencies of countries with more mature markets. |
■ | Government Restrictions. In certain developing or emerging market countries, government approval may be required for the repatriation of investment income, capital or the proceeds of sales of securities by foreign investors. Other government restrictions may include confiscatory taxation, expropriation or nationalization of company assets, restrictions on foreign ownership of local companies, protectionist measures, and practices such as share blocking. |
■ | Privatization Programs. The governments in some developing or emerging market countries have been engaged in programs to sell all or part of their interests in government-owned or controlled enterprises. However, in certain developing or emerging market countries, the ability of foreign entities to participate in privatization programs may be limited by local law. There can be no assurance that privatization programs will be successful. |
8 | Oppenheimer Global Opportunities Fund |
■ | Interest Rate Risk. Interest rate risk is the risk that rising interest rates, or an expectation of rising interest rates in the near future, will cause the values of the Fund’s investments in debt securities to decline. The values of debt securities usually change when prevailing interest rates change. When interest rates rise, the values of outstanding debt securities generally fall, and those securities may sell at a discount from their face amount. Additionally, when interest rates rise, the decrease in values of outstanding debt securities may not be offset by higher income from new investments. When interest rates fall, the values of already-issued debt securities generally rise and the Fund’s investments in new securities may be at lower yields and may reduce the Fund’s income. The values of longer-term debt securities usually change more than the values of shorter-term debt securities when interest rates change; thus, interest rate risk is usually greater for securities with longer maturities or durations. “Zero-coupon” or “stripped” securities may be particularly sensitive to interest rate changes. Risks associated with rising interest rates are heightened given that interest rates in the U.S. are at, or near, historic lows. Interest rate changes may have different effects on the values of mortgage-related securities because of prepayment and extension risks. |
■ | Duration Risk. Duration risk is the risk that longer-duration debt securities are more likely to decline in price than shorter-duration debt securities, in a rising interest-rate environment. Duration is a measure of the price sensitivity of a debt security or portfolio to interest rate changes. “Effective duration” attempts to measure the expected percentage change in the value of a bond or portfolio resulting from a change in prevailing interest rates. The change in the value of a bond or portfolio can be approximated by multiplying its duration by a change in interest rates. For example, if a bond has an effective duration of three years, a 1% increase in general interest rates would be expected to cause the bond’s value to decline about 3% while a 1% decrease in general interest rates would be expected to cause the bond’s value to increase 3%. The duration of a debt security may be equal to or shorter than the full maturity of a debt security. |
■ | Credit Risk. Credit risk is the risk that the issuer of a security might not make interest and principal payments on the security as they become due. U.S. government securities generally have lower credit risks than securities issued by private issuers or certain foreign governments. If an issuer fails to pay interest, the Fund’s income might be reduced, and if an issuer fails to repay principal, the value of the security might fall and the Fund could lose the amount of its investment in the security. The extent of this risk varies based on the terms of the particular security and the financial condition of the issuer. A downgrade in an issuer’s credit rating or other adverse news about an issuer, for any reason, can reduce the market value of that issuer’s securities. |
■ | Credit Spread Risk. Credit spread risk is the risk that credit spreads (i.e., the difference in yield between securities that is due to differences in their credit quality) may increase when the market expects lower-grade bonds to default more |
Oppenheimer Global Opportunities Fund | 9 |
frequently. Widening credit spreads may quickly reduce the market values of the Fund’s lower-rated and unrated securities. Some unrated securities may not have an active trading market or may trade less actively than rated securities, which means that the Fund might have difficulty selling them promptly at an acceptable price. |
■ | Extension Risk. Extension risk is the risk that, if interest rates rise rapidly, repayments of principal on certain debt securities may occur at a slower rate than expected, and the expected maturity of those securities could lengthen as a result. Securities that are subject to extension risk generally have a greater potential for loss when prevailing interest rates rise, which could cause their values to fall sharply. Extension risk is particularly prevalent for a callable security where an increase in interest rates could result in the issuer of that security choosing not to redeem the security as anticipated on the security’s call date. Such a decision by the issuer could have the effect of lengthening the debt security’s expected maturity, making it more vulnerable to interest rate risk and reducing its market value. |
■ | Reinvestment Risk. Reinvestment risk is the risk that when interest rates fall, the Fund may be required to reinvest the proceeds from a security’s sale or redemption at a lower interest rate. Callable bonds are generally subject to greater reinvestment risk than non-callable bonds. |
■ | Prepayment Risk. Certain fixed-income securities (in particular mortgage-related securities) are subject to the risk of unanticipated prepayment. Prepayment risk is the risk that, when interest rates fall, the issuer will redeem the security prior to the security’s expected maturity, or that borrowers will repay the loans that underlie these fixed-income securities more quickly than expected, thereby causing the issuer of the security to repay the principal prior to expected maturity. The Fund may need to reinvest the proceeds at a lower interest rate, reducing its income. Securities subject to prepayment risk generally offer less potential for gains when prevailing interest rates fall. If the Fund buys those securities at a premium, accelerated prepayments on those securities could cause the Fund to lose a portion of its principal investment. The impact of prepayments on the price of a security may be difficult to predict and may increase the security’s price volatility. Interest-only and principal-only securities are especially sensitive to interest rate changes, which can affect not only their prices but can also change the income flows and repayment assumptions about those investments. |
■ | Event Risk. If an issuer of debt securities is the subject of a buyout, debt restructuring, merger or recapitalization that increases its debt load, it could interfere with its ability to make timely payments of interest and principal and cause the value of its debt securities to fall. |
10 | Oppenheimer Global Opportunities Fund |
■ | Prices of below-investment-grade securities may be subject to extreme price fluctuations, even under normal market conditions. Adverse changes in an issuer’s industry and general economic conditions may have a greater impact on the prices of below-investment-grade securities than on the prices of investment-grade securities. |
■ | Below-investment-grade securities may be issued by less creditworthy issuers and may be more likely to default than investment-grade securities. Issuers of below-investment-grade securities may have more outstanding debt relative to their assets than issuers of investment-grade securities. Issuers of below-investment-grade securities may be unable to meet their interest or principal payment obligations because of an economic downturn, specific issuer developments, or the unavailability of additional financing. |
■ | In the event of an issuer’s bankruptcy, claims of other creditors may have priority over the claims of the holders of below-investment-grade securities. |
■ | Below-investment-grade securities may be less liquid than investment-grade securities, even under normal market conditions. There are fewer dealers in the below-investment-grade securities market and there may be significant differences in the prices quoted by the dealers. Because they are less liquid, judgment may play a greater role in valuing certain of the Fund’s securities than is the case with securities trading in a more liquid market. |
■ | Below-investment-grade securities typically contain redemption provisions that permit the issuer of the securities containing such provisions to redeem the securities at its discretion. If the issuer redeems below-investment-grade securities, the Fund may have to invest the proceeds in securities with lower yields and may lose income. |
■ | Below-investment-grade securities markets may be more susceptible to real or perceived adverse credit, economic, or market conditions than investment-grade securities. |
Oppenheimer Global Opportunities Fund | 11 |
■ | Preferred stock has a set dividend rate and ranks ahead of common stocks and behind debt securities in claims for dividends and for assets of the issuer in a liquidation or bankruptcy. The dividends on preferred stock may be cumulative (they remain a liability of the company until paid) or non-cumulative. The fixed dividend rate of preferred stocks may cause their prices to behave more like those of debt securities. If prevailing interest rates rise, the fixed dividend on preferred stock may be less attractive, which may cause the price of preferred stock to decline. |
■ | Warrants are options to purchase equity securities at specific prices valid for a specific period of time. Their prices do not necessarily move parallel to the prices of the underlying securities, and can be more volatile than the price of the underlying securities. If the market price of the underlying security does not exceed the exercise price during the life of the warrant, the warrant will expire worthless and any amount paid for the warrant will be lost. The market for warrants may be very limited and it may be difficult to sell a warrant promptly at an acceptable price. Rights are similar to warrants, but normally have a short duration and are distributed directly by the issuer to its shareholders. Rights and warrants have no voting rights, receive no dividends and have no rights with respect to the assets of the issuer. |
■ | A convertible security can be converted into or exchanged for a set amount of common stock of an issuer within a particular period of time at a specified price or according to a price formula. Convertible debt securities pay interest and convertible preferred stocks pay dividends until they mature or are converted, exchanged or redeemed. Some convertible debt securities may be considered “equity equivalents” because of the feature that makes them convertible into common stock. Convertible securities may offer the Fund the ability to participate in stock market movements while also seeking some current income. Convertible securities may provide more income than common stock but they |
12 | Oppenheimer Global Opportunities Fund |
generally provide less income than comparable non-convertible debt securities. Convertible securities are subject to credit and interest rate risk, however credit ratings of convertible securities generally have less impact on the value of the securities than they do for non-convertible debt securities. |
Oppenheimer Global Opportunities Fund | 13 |
14 | Oppenheimer Global Opportunities Fund |
Oppenheimer Global Opportunities Fund | 15 |
16 | Oppenheimer Global Opportunities Fund |
Oppenheimer Global Opportunities Fund | 17 |
■ | Traditional and Roth IRA accounts as well as Asset Builder Plan, Automatic Exchange Plan and government allotment plan accounts may be opened with a minimum initial investment of $500. |
■ | For wrap fee-based programs, salary reduction plans and other retirement plans and accounts, there is no minimum initial investment. |
18 | Oppenheimer Global Opportunities Fund |
■ | Investing for the Shorter Term. While the Fund is meant to be a long-term investment, if you have a relatively short-term investment horizon, you should consider investing in Class C shares in most cases. That is because the effect of the initial sales charge on most Class A shares may be greater than the effect of the ongoing asset-based sales charge on Class C shares over the short-term. The Class C contingent deferred sales charge does not apply to redemptions of shares held for more than one year. |
■ | Investing for the Longer Term. If you have a longer-term investment horizon, Class A shares may be more appropriate in most cases. That is because the effect of the ongoing asset-based sales charge on Class C shares might be greater than the effect of the initial sales charge on Class A shares, regardless of the amount of your investment. |
■ | Amount of Your Investment. Your choice will also depend on how much you plan to invest. If you plan to invest more than $100,000, and as your investment horizon increases, Class C shares might not be as advantageous as Class A shares. That is because the effect of the ongoing asset-based sales charge on Class C shares may be greater than the effect of the reduced front-end sales charge on Class A share purchases of $100,000 or more. For an investor who is eligible to purchase Class I shares, that share class will be the most advantageous. For other investors who invest $1 million or more or in other arrangements that qualify for a sales charge waiver, Class A shares will be the most advantageous choice in most cases, no matter how long you intend to hold your shares. |
Amount of Purchase | Front-End Sales Charge As a Percentage of Offering Price |
Front-End Sales Charge As a Percentage of Net Amount Invested |
Concession As a Percentage of Offering Price |
|
Less than $25,000 | 5.75% | 6.10% | 4.75% | |
| ||||
$25,000 or more but less than $50,000 | 5.50% | 5.82% | 4.75% | |
| ||||
$50,000 or more but less than $100,000 | 4.75% | 4.99% | 4.00% | |
| ||||
$100,000 or more but less than $250,000 | 3.75% | 3.90% | 3.00% | |
| ||||
$250,000 or more but less than $500,000 | 2.50% | 2.56% | 2.00% | |
| ||||
$500,000 or more but less than $1 million | 2.00% | 2.04% | 1.60% |
Oppenheimer Global Opportunities Fund | 19 |
■ | Right of Accumulation. To qualify for the reduced Class A sales charge that would apply to a larger purchase than you are currently making, you can add the value of qualified shares that you and your spouse currently own, and other qualified share purchases that you are currently making, to the value of your Class A share purchase of the Fund. The Distributor or the financial intermediary through which you are buying shares will determine the value of the qualified shares you currently own based on the greater of their current offering price or the amount you paid for the shares. For purposes of calculating that value, the Distributor will only take into consideration the value of shares owned as of December 31, 2007 and any shares purchased subsequently. The value of any shares that you have redeemed will not be counted. In totaling your holdings, you may count shares held in: |
■ | your individual accounts (including IRAs, 403(b) plans and eligible college savings programs), |
■ | your joint accounts with your spouse, |
■ | accounts you or your spouse hold as trustees or custodians on behalf of your children who are minors. |
■ | Letter of Intent. You may also qualify for reduced Class A sales charges by submitting a Letter of Intent to the Distributor. A Letter of Intent is a written statement of your intention to purchase a specified value of qualified shares over a 13-month period. The total amount of your intended purchases will determine the reduced sales charge rate that will apply to your Class A share purchases during that period. You must notify the Distributor or your financial intermediary of any qualifying college savings program purchases or purchases through other financial intermediaries. |
20 | Oppenheimer Global Opportunities Fund |
Years Since Purchase Order was Accepted | Contingent Deferred Sales Charge on Redemptions in That
Year (As % of Amount Subject to Charge) |
|
0-1 | 5.0% | |
| ||
1-2 | 4.0% | |
| ||
2-3 | 3.0% | |
| ||
3-4 | 3.0% | |
| ||
4-5 | 2.0% | |
| ||
5-6 | 1.0% | |
| ||
More than 6 | None |
■ | Wrap fee-based programs and fee-based clients of a broker, dealer, registered investment advisor or other financial intermediary; |
Oppenheimer Global Opportunities Fund | 21 |
■ | “Institutional investors” which may include corporations; trust companies; endowments and foundations; defined contribution, defined benefit, and other employer sponsored retirement and deferred compensation plans; retirement plan platforms; insurance companies; registered investment advisor firms; registered investment companies; bank trusts; college savings programs; and family offices; and |
■ | Eligible employees, which are present or former officers, directors, trustees and employees (and their eligible family members) of the Fund, the Manager and its affiliates, its parent company and the subsidiaries of its parent company, and retirement plans established for the benefit of such individuals. |
■ | make a minimum initial investment of $1 million or more per account (waived for retirement plan service provider platforms); |
■ | trade through an omnibus, trust, or similar pooled account; and |
■ | be an “institutional investor” which may include corporations; trust companies; endowments and foundations; defined contribution, defined benefit, and other employer sponsored retirement plans and deferred compensation plans; retirement plan platforms; insurance companies; registered investment advisor firms; registered investment companies; bank trusts; college savings programs; and family offices. |
22 | Oppenheimer Global Opportunities Fund |
■ | any increase in net asset value over the initial purchase price, |
■ | shares purchased by the reinvestment of dividends or capital gains distributions, or |
■ | shares eligible for a sales charge waiver (see “Sales Charge Waivers” below). |
■ | shares acquired by the reinvestment of dividends or capital gains distributions, |
■ | other shares that are not subject to the contingent deferred sales charge, and |
■ | shares held the longest during the holding period. |
■ | Dividend Reinvestment. Dividends or capital gains distributions may be reinvested in shares of the Fund, or any of the other Oppenheimer funds into which shares of the Fund may be exchanged, without a sales charge. |
■ | Exchanges of Shares. There is no sales charge on exchanges of shares except for exchanges of Class A shares of Oppenheimer Government Money Market Fund or Oppenheimer Government Cash Reserves on which you have not paid a sales charge. |
■ | Reinvestment Privilege. There is no sales charge on reinvesting the proceeds from redemptions of Class A shares or Class B shares that occurred within the previous three months if you paid an initial or contingent deferred sales charge |
Oppenheimer Global Opportunities Fund | 23 |
on the redeemed shares. This reinvestment privilege does not apply to reinvestment purchases made through automatic investment options. You must advise the Distributor, the Transfer Agent or your financial intermediary that you qualify for the waiver at the time you submit your purchase order. |
■ | Involuntary Redemptions. In some circumstances, involuntary redemptions may be made to repay the Distributor for losses from the cancellation of share purchase orders. |
24 | Oppenheimer Global Opportunities Fund |
■ | By Check. The Fund will normally send redemption proceeds by check to the address on your account statement. |
■ | By AccountLink. If you have linked your Fund account to your bank account with AccountLink (described below), you may have redemption proceeds transferred directly into your account. Normally the transfer to your bank is initiated on the bank business day after the redemption. You will not receive dividends on the proceeds of redeemed shares while they are waiting to be transferred. |
■ | By Wire. You can arrange to have redemption proceeds sent by Federal Funds wire to an account at a bank that is a member of the Federal Reserve wire system. The redemption proceeds will normally be transmitted on the next bank business day after the shares are redeemed. You will not receive dividends on the proceeds of redeemed shares while they are waiting to be transmitted. |
■ | during any period in which the NYSE is closed other than customary weekend and holiday closings or during any period in which trading on the NYSE is deemed to be restricted; |
■ | during any period in which an emergency exists, as a result of which (i) it is not reasonably practicable for the Fund to dispose of securities owned by it or (ii) it is not reasonably practicable for the Fund to fairly determine the value of its net assets; or |
■ | during such other periods as the Securities and Exchange Commission may by order permit to protect Fund shareholders. |
■ | Shares of the fund selected for exchange must be available for sale in your state of residence. |
■ | The selected fund must offer the exchange privilege. |
■ | You must meet the minimum purchase requirements for the selected fund. |
■ | Generally, exchanges may be made only between identically registered accounts, unless all account owners send written exchange instructions with a signature guarantee. |
■ | Before exchanging into a fund, you should obtain its prospectus and should read it carefully. |
Oppenheimer Global Opportunities Fund | 25 |
26 | Oppenheimer Global Opportunities Fund |
■ | Exchanges Into Money Market Funds. A shareholder will be permitted to exchange shares of the Fund for shares of an eligible money market fund any time, even if the shareholder has exchanged shares into the Fund during the prior 30 days. Exchanges from that money market fund into another fund will be monitored for excessive activity and the Fund may limit or refuse any exchange order from a money market fund in its discretion pursuant to this policy. |
■ | Dividend Reinvestments and Share Conversions. The reinvestment of dividends or distributions from one fund to purchase shares of another fund and the conversion of shares from one share class to another class within the same fund will not be considered exchanges for purposes of imposing the 30-day limit. |
■ | Asset Allocation Programs. Investment programs by Oppenheimer “funds of funds” that entail rebalancing investments in underlying Oppenheimer funds will not be subject to these limits. However, third-party asset allocation and rebalancing programs will be subject to the 30-day limit described above. Asset allocation firms that want to exchange shares held in accounts on behalf of their customers must identify themselves and execute an acknowledgement and agreement to abide by these policies with respect to their customers’ accounts. “On-demand” exchanges outside the parameters of portfolio rebalancing programs will also be subject to the 30-day limit. |
■ | Automatic Exchange Plans. Accounts that receive exchange proceeds through automatic or systematic exchange plans that are established through the Transfer Agent will not be subject to the 30-day exchange limit as a result of those automatic or systematic exchanges but may be blocked from exchanges, under the 30-day limit, if they receive proceeds from other exchanges. |
■ | Redemptions of Shares. These exchange policy limits do not apply to redemptions of shares. Shareholders are permitted to redeem their shares on any regular business day, subject to the terms of this prospectus. |
■ | Purchases through AccountLink that are submitted through PhoneLink or on the internet are limited to $100,000. |
■ | Purchases through AccountLink that are submitted by calling a service representative are limited to $250,000. |
■ | Redemptions that are submitted by telephone or on the internet and request the proceeds to be paid by check, must be made payable to all owners of record of the shares and must be sent to the address on the account statement. Telephone or internet redemptions paid by check may not exceed $100,000 in any seven-day period. This service is not available within 15 days of changing the address on an account. |
■ | Redemptions by telephone or on the internet that are sent to your bank account through AccountLink are not subject to any dollar limits. |
■ | Exchanges submitted by telephone or on the internet may be made only between accounts that are registered with the same name(s) and address. |
■ | Shares for which share certificates have been issued may not be redeemed or exchanged by telephone or on the internet. |
■ | Shares held in an OppenheimerFunds-sponsored qualified retirement plan account may not be redeemed or exchanged by telephone or on the internet. |
Oppenheimer Global Opportunities Fund | 27 |
■ | The Fund’s name; |
■ | For existing accounts, the Fund account number (from your account statement); |
■ | For new accounts, a completed account application; |
■ | For purchases, a check payable to the Fund or to OppenheimerFunds Distributor, Inc.; |
■ | For redemptions, any special payment instructions; |
■ | For redemptions or exchanges, the dollar amount or number of shares to be redeemed or exchanged; |
■ | For redemptions or exchanges, any share certificates that have been issued (exchanges or redemptions of shares for which certificates have been issued cannot be processed until the Transfer Agent receives the certificates); |
■ | For individuals, the names and signatures of all registered owners exactly as they appear in the account registration; |
■ | For corporations, partnerships or other businesses or as a fiduciary, the name of the entity as it appears in the account registration and the names and titles of any individuals signing on its behalf; and |
■ | Other documents requested by the Transfer Agent to assure that the person purchasing, redeeming or exchanging shares is properly identified and has proper authorization to carry out the transaction. |
■ | You wish to redeem more than $100,000 and receive a check; |
■ | The redemption check is not payable to all shareholders listed on the account statement; |
■ | The redemption check is not sent to the address of record on your account statement; |
■ | Shares are being transferred to a Fund account with a different owner or name; or |
■ | Shares are being redeemed by someone (such as an Executor) other than the owners. |
■ | a U.S. bank, trust company, credit union or savings association, |
■ | a foreign bank that has a U.S. correspondent bank, |
■ | a U.S. registered dealer or broker in securities, municipal securities or government securities, or |
■ | a U.S. national securities exchange, a registered securities association or a clearing agency. |
28 | Oppenheimer Global Opportunities Fund |
■ | transmit funds electronically to purchase shares by internet, by telephone or automatically through an Asset Builder Plan. The purchase payment will be debited from your bank account. |
■ | have the Transfer Agent send redemption proceeds or dividends and distributions directly to your bank account. |
■ | Individual Retirement Accounts (IRAs). These include traditional IRAs, Roth IRAs and rollover IRAs. |
■ | SIMPLE IRAs. These are Savings Incentive Match Plan for Employees IRAs for small business owners or self-employed individuals. |
Oppenheimer Global Opportunities Fund | 29 |
■ | SEP-IRAs. These are Simplified Employee Pension Plan IRAs for small business owners or self-employed individuals. |
■ | 403(b)(7) Custodial Plans. These are tax-deferred plans for employees of eligible tax-exempt organizations, such as schools, hospitals and charitable organizations. |
■ | “Single K” Plans. These are 401(k) plans for self-employed individuals. |
■ | Qualified Plans. These plans are designed for businesses and self-employed individuals. |
30 | Oppenheimer Global Opportunities Fund |
Oppenheimer Global Opportunities Fund | 31 |
■ | Reinvest All Distributions in the Fund. You can elect to reinvest all dividends and capital gains distributions in additional shares of the Fund. |
■ | Reinvest Only Dividends or Capital Gains. You can elect to reinvest some types of distributions in the Fund while receiving the other types of distributions by check or having them sent to your bank account through AccountLink. Different treatment is available for distributions of dividends, short-term capital gains and long-term capital gains. |
■ | Receive All Distributions in Cash. You can elect to receive all dividends and capital gains distributions by check or have them sent to your bank through AccountLink. |
■ | Reinvest Your Distributions in Another Oppenheimer Fund. You can reinvest all of your dividends and capital gains distributions in another Oppenheimer fund that is available for exchanges. You must have an existing account in the same share class in the selected fund. |
32 | Oppenheimer Global Opportunities Fund |
Oppenheimer Global Opportunities Fund | 33 |
Class A | Year
Ended September 30, 2016 |
Year
Ended September 30, 2015 |
Year
Ended September 30, 2014 |
Year
Ended September 30, 2013 |
Year
Ended September 28, 20121 |
|
Per Share Operating Data | ||||||
Net asset value, beginning of period | $39.42 | $38.67 | $38.11 | $29.80 | $26.21 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | (0.17) | (0.27) | (0.07) | (0.07) | 0.09 | |
Net realized and unrealized gain | 11.81 | 1.13 | 0.63 | 8.71 | 3.65 | |
Total from investment operations | 11.64 | 0.86 | 0.56 | 8.64 | 3.74 | |
Dividends and/or distributions to shareholders: | ||||||
Dividends from net investment income | (0.05) | (0.11) | 0.00 | (0.33) | (0.15) | |
Distributions from net realized gain | (0.25) | 0.00 | 0.00 | 0.00 | 0.00 | |
Total dividends and/or distributions to shareholders | (0.30) | (0.11) | 0.00 | (0.33) | (0.15) | |
Net asset value, end of period | $50.76 | $39.42 | $38.67 | $38.11 | $29.80 | |
Total Return, at Net Asset Value3 | 29.66% | 2.22% | 1.47% | 29.36% | 14.35% | |
Ratios/Supplemental Data | ||||||
Net assets, end of period (in thousands) | $2,529,288 | $2,118,295 | $2,293,999 | $2,192,080 | $1,863,475 | |
Average net assets (in thousands) | $2,281,847 | $2,299,089 | $2,422,818 | $1,896,481 | $1,838,208 | |
Ratios to average net assets:4 | ||||||
Net investment income (loss) | (0.39)% | (0.66)% | (0.17)% | (0.23)% | 0.31% | |
Expenses excluding specific expenses listed below | 1.18% | 1.18% | 1.17% | 1.21% | 1.22% | |
Interest and fees from borrowings | 0.00%5 | 0.00%5 | 0.00% | 0.00% | 0.00% | |
Total expenses6 | 1.18% | 1.18% | 1.17% | 1.21% | 1.22% | |
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses | 1.18% | 1.18% | 1.17% | 1.21% | 1.22% | |
Portfolio turnover rate | 26% | 16% | 16% | 27% | 57% |
1. | September 28, 2012 represents the last business day of the Fund’s reporting period. |
2. | Per share amounts calculated based on the average shares outstanding during the period. |
3. | Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
4. | Annualized for periods less than one full year. |
5. | Less than 0.005%. |
6. | Total expenses including indirect expenses from affiliated fund fees and expenses were as follows: |
Year Ended September 30, 2016 | 1.18% |
Year Ended September 30, 2015 | 1.18% |
Year Ended September 30, 2014 | 1.17% |
Year Ended September 30, 2013 | 1.21% |
Year Ended September 28, 2012 | 1.22% |
34 | Oppenheimer Global Opportunities Fund |
Class B | Year
Ended September 30, 2016 |
Year
Ended September 30, 2015 |
Year
Ended September 30, 2014 |
Year
Ended September 30, 2013 |
Year
Ended September 28, 20121 |
|
Per Share Operating Data | ||||||
Net asset value, beginning of period | $35.71 | $35.21 | $34.98 | $27.32 | $24.10 | |
Income (loss) from investment operations: | ||||||
Net investment loss2 | (0.47) | (0.53) | (0.38) | (0.33) | (0.16) | |
Net realized and unrealized gain | 10.67 | 1.03 | 0.61 | 8.02 | 3.38 | |
Total from investment operations | 10.20 | 0.50 | 0.23 | 7.69 | 3.22 | |
Dividends and/or distributions to shareholders: | ||||||
Dividends from net investment income | 0.00 | 0.00 | 0.00 | (0.03) | 0.00 | |
Distributions from net realized gain | (0.25) | 0.00 | 0.00 | 0.00 | 0.00 | |
Total dividends and/or distributions to shareholders | (0.25) | 0.00 | 0.00 | (0.03) | 0.00 | |
Net asset value, end of period | $45.66 | $35.71 | $35.21 | $34.98 | $27.32 | |
Total Return, at Net Asset Value3 | 28.68% | 1.42% | 0.66% | 28.17% | 13.36% | |
Ratios/Supplemental Data | ||||||
Net assets, end of period (in thousands) | $23,917 | $34,617 | $57,192 | $79,296 | $87,841 | |
Average net assets (in thousands) | $28,303 | $45,754 | $71,794 | $76,488 | $102,521 | |
Ratios to average net assets:4 | ||||||
Net investment loss | (1.19)% | (1.43)% | (1.04)% | (1.14)% | (0.59)% | |
Expenses excluding specific expenses listed below | 1.94% | 1.94% | 2.01% | 2.27% | 2.24% | |
Interest and fees from borrowings | 0.00%5 | 0.00%5 | 0.00% | 0.00% | 0.00% | |
Total expenses6 | 1.94% | 1.94% | 2.01% | 2.27% | 2.24% | |
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses | 1.94% | 1.94% | 1.99% | 2.14% | 2.11% | |
Portfolio turnover rate | 26% | 16% | 16% | 27% | 57% |
1. | September 28, 2012 represents the last business day of the Fund’s reporting period. |
2. | Per share amounts calculated based on the average shares outstanding during the period. |
3. | Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
4. | Annualized for periods less than one full year. |
5. | Less than 0.005%. |
6. | Total expenses including indirect expenses from affiliated fund fees and expenses were as follows: |
Year Ended September 30, 2016 | 1.94% |
Year Ended September 30, 2015 | 1.94% |
Year Ended September 30, 2014 | 2.01% |
Year Ended September 30, 2013 | 2.27% |
Year Ended September 28, 2012 | 2.24% |
Oppenheimer Global Opportunities Fund | 35 |
Class C | Year
Ended September 30, 2016 |
Year
Ended September 30, 2015 |
Year
Ended September 30, 2014 |
Year
Ended September 30, 2013 |
Year
Ended September 28, 20121 |
|
Per Share Operating Data | ||||||
Net asset value, beginning of period | $35.75 | $35.24 | $34.99 | $27.39 | $24.13 | |
Income (loss) from investment operations: | ||||||
Net investment loss2 | (0.45) | (0.52) | (0.34) | (0.29) | (0.12) | |
Net realized and unrealized gain | 10.67 | 1.03 | 0.59 | 8.02 | 3.38 | |
Total from investment operations | 10.22 | 0.51 | 0.25 | 7.73 | 3.26 | |
Dividends and/or distributions to shareholders: | ||||||
Dividends from net investment income | 0.00 | 0.00 | 0.00 | (0.13) | 0.00 | |
Distributions from net realized gain | (0.25) | 0.00 | 0.00 | 0.00 | 0.00 | |
Total dividends and/or distributions to shareholders | (0.25) | 0.00 | 0.00 | (0.13) | 0.00 | |
Net asset value, end of period | $45.72 | $35.75 | $35.24 | $34.99 | $27.39 | |
Total Return, at Net Asset Value3 | 28.71% | 1.45% | 0.72% | 28.35% | 13.51% | |
Ratios/Supplemental Data | ||||||
Net assets, end of period (in thousands) | $475,199 | $385,550 | $420,778 | $392,294 | $340,428 | |
Average net assets (in thousands) | $421,487 | $416,534 | $438,648 | $342,250 | $345,798 | |
Ratios to average net assets:4 | ||||||
Net investment loss | (1.14)% | (1.41)% | (0.93)% | (0.98)% | (0.44)% | |
Expenses excluding specific expenses listed below | 1.94% | 1.94% | 1.92% | 1.97% | 1.97% | |
Interest and fees from borrowings | 0.00%5 | 0.00%5 | 0.00% | 0.00% | 0.00% | |
Total expenses6 | 1.94% | 1.94% | 1.92% | 1.97% | 1.97% | |
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses | 1.94% | 1.94% | 1.92% | 1.97% | 1.97% | |
Portfolio turnover rate | 26% | 16% | 16% | 27% | 57% |
1. | September 28, 2012 represents the last business day of the Fund’s reporting period. |
2. | Per share amounts calculated based on the average shares outstanding during the period. |
3. | Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
4. | Annualized for periods less than one full year. |
5. | Less than 0.005%. |
6. | Total expenses including indirect expenses from affiliated fund fees and expenses were as follows: |
Year Ended September 30, 2016 | 1.94% |
Year Ended September 30, 2015 | 1.94% |
Year Ended September 30, 2014 | 1.92% |
Year Ended September 30, 2013 | 1.97% |
Year Ended September 28, 2012 | 1.97% |
36 | Oppenheimer Global Opportunities Fund |
Class I | Year
Ended September 30, 2016 |
Year
Ended September 30, 2015 |
Year
Ended September 30, 2014 |
Year
Ended September 30, 2013 |
Period
Ended September 28, 20121,2 |
|
Per Share Operating Data | ||||||
Net asset value, beginning of period | $39.93 | $39.18 | $38.45 | $30.07 | $29.69 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)3 | 0.02 | (0.09) | 0.13 | 0.03 | 0.10 | |
Net realized and unrealized gain | 11.97 | 1.13 | 0.60 | 8.82 | 0.28 | |
Total from investment operations | 11.99 | 1.04 | 0.73 | 8.85 | 0.38 | |
Dividends and/or distributions to shareholders: | ||||||
Dividends from net investment income | (0.24) | (0.29) | 0.00 | (0.47) | 0.00 | |
Distributions from net realized gain | (0.25) | 0.00 | 0.00 | 0.00 | 0.00 | |
Total dividends and/or distributions to shareholders | (0.49) | (0.29) | 0.00 | (0.47) | 0.00 | |
Net asset value, end of period | $51.43 | $39.93 | $39.18 | $38.45 | $30.07 | |
Total Return, at Net Asset Value4 | 30.21% | 2.67% | 1.90% | 29.97% | 1.28% | |
Ratios/Supplemental Data | ||||||
Net assets, end of period (in thousands) | $127,643 | $69,700 | $55,279 | $32,235 | $1,400 | |
Average net assets (in thousands) | $89,556 | $67,065 | $48,088 | $20,251 | $272 | |
Ratios to average net assets:5 | ||||||
Net investment income (loss) | 0.04% | (0.21)% | 0.32% | 0.10% | 0.53% | |
Expenses excluding specific expenses listed below | 0.75% | 0.75% | 0.74% | 0.76% | 0.76% | |
Interest and fees from borrowings | 0.00%6 | 0.00%6 | 0.00% | 0.00% | 0.00% | |
Total expenses7 | 0.75% | 0.75% | 0.74% | 0.76% | 0.76% | |
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses | 0.75% | 0.75% | 0.74% | 0.76% | 0.76% | |
Portfolio turnover rate | 26% | 16% | 16% | 27% | 57% |
1. | September 28, 2012 represents the last business day of the Fund’s reporting period. |
2. | For the period from January 27, 2012 (inception of offering) to September 28, 2012. |
3. | Per share amounts calculated based on the average shares outstanding during the period. |
4. | Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
5. | Annualized for periods less than one full year. |
6. | Less than 0.005%. |
7. | Total expenses including indirect expenses from affiliated fund fees and expenses were as follows: |
Year Ended September 30, 2016 | 0.75% |
Year Ended September 30, 2015 | 0.75% |
Year Ended September 30, 2014 | 0.74% |
Year Ended September 30, 2013 | 0.76% |
Period Ended September 28, 2012 | 0.76% |
Oppenheimer Global Opportunities Fund | 37 |
Class R | Year
Ended September 30, 2016 |
Year
Ended September 30, 2015 |
Year
Ended September 30, 2014 |
Year
Ended September 30, 2013 |
Year
Ended September 28, 20121 |
|
Per Share Operating Data | ||||||
Net asset value, beginning of period | $38.19 | $37.46 | $37.02 | $28.96 | $25.47 | |
Income (loss) from investment operations: | ||||||
Net investment loss2 | (0.27) | (0.36) | (0.18) | (0.18) | (0.01) | |
Net realized and unrealized gain | 11.43 | 1.09 | 0.62 | 8.47 | 3.56 | |
Total from investment operations | 11.16 | 0.73 | 0.44 | 8.29 | 3.55 | |
Dividends and/or distributions to shareholders: | ||||||
Dividends from net investment income | 0.00 | 0.00 | 0.00 | (0.23) | (0.06) | |
Distributions from net realized gain | (0.25) | 0.00 | 0.00 | 0.00 | 0.00 | |
Total dividends and/or distributions to shareholders | (0.25) | 0.00 | 0.00 | (0.23) | (0.06) | |
Net asset value, end of period | $49.10 | $38.19 | $37.46 | $37.02 | $28.96 | |
Total Return, at Net Asset Value3 | 29.34% | 1.95% | 1.19% | 28.88% | 13.96% | |
Ratios/Supplemental Data | ||||||
Net assets, end of period (in thousands) | $123,310 | $85,548 | $91,043 | $99,915 | $91,603 | |
Average net assets (in thousands) | $100,670 | $91,765 | $101,911 | $90,808 | $90,891 | |
Ratios to average net assets:4 | ||||||
Net investment loss | (0.64)% | (0.91)% | (0.46)% | (0.57)% | (0.04)% | |
Expenses excluding specific expenses listed below | 1.44% | 1.43% | 1.45% | 1.56% | 1.57% | |
Interest and fees from borrowings | 0.00%5 | 0.00%5 | 0.00% | 0.00% | 0.00% | |
Total expenses6 | 1.44% | 1.43% | 1.45% | 1.56% | 1.57% | |
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses | 1.44% | 1.43% | 1.45% | 1.56% | 1.57% | |
Portfolio turnover rate | 26% | 16% | 16% | 27% | 57% |
1. | September 28, 2012 represents the last business day of the Fund’s reporting period. |
2. | Per share amounts calculated based on the average shares outstanding during the period. |
3. | Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
4. | Annualized for periods less than one full year. |
5. | Less than 0.005%. |
6. | Total expenses including indirect expenses from affiliated fund fees and expenses were as follows: |
Year Ended September 30, 2016 | 1.44% |
Year Ended September 30, 2015 | 1.43% |
Year Ended September 30, 2014 | 1.45% |
Year Ended September 30, 2013 | 1.56% |
Year Ended September 28, 2012 | 1.57% |
38 | Oppenheimer Global Opportunities Fund |
Class Y | Year
Ended September 30, 2016 |
Year
Ended September 30, 2015 |
Year
Ended September 30, 2014 |
Year
Ended September 30, 2013 |
Year
Ended September 28, 20121 |
|
Per Share Operating Data | ||||||
Net asset value, beginning of period | $39.82 | $39.07 | $38.40 | $30.04 | $26.43 | |
Income (loss) from investment operations: | ||||||
Net investment income (loss)2 | (0.06) | (0.17) | 0.04 | 0.01 | 0.18 | |
Net realized and unrealized gain | 11.92 | 1.13 | 0.63 | 8.77 | 3.67 | |
Total from investment operations | 11.86 | 0.96 | 0.67 | 8.78 | 3.85 | |
Dividends and/or distributions to shareholders: | ||||||
Dividends from net investment income | (0.15) | (0.21) | 0.00 | (0.42) | (0.24) | |
Distributions from net realized gain | (0.25) | 0.00 | 0.00 | 0.00 | 0.00 | |
Total dividends and/or distributions to shareholders | (0.40) | (0.21) | 0.00 | (0.42) | (0.24) | |
Net asset value, end of period | $51.28 | $39.82 | $39.07 | $38.40 | $30.04 | |
Total Return, at Net Asset Value3 | 29.98% | 2.46% | 1.75% | 29.69% | 14.68% | |
Ratios/Supplemental Data | ||||||
Net assets, end of period (in thousands) | $544,742 | $360,040 | $409,448 | $308,513 | $243,585 | |
Average net assets (in thousands) | $422,088 | $399,477 | $405,921 | $252,615 | $217,386 | |
Ratios to average net assets:4 | ||||||
Net investment income (loss) | (0.14)% | (0.41)% | 0.10% | 0.04% | 0.60% | |
Expenses excluding specific expenses listed below | 0.94% | 0.94% | 0.92% | 0.95% | 0.93% | |
Interest and fees from borrowings | 0.00%5 | 0.00%5 | 0.00% | 0.00% | 0.00% | |
Total expenses6 | 0.94% | 0.94% | 0.92% | 0.95% | 0.93% | |
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses | 0.94% | 0.94% | 0.92% | 0.95% | 0.93% | |
Portfolio turnover rate | 26% | 16% | 16% | 27% | 57% |
1. | September 28, 2012 represents the last business day of the Fund’s reporting period. |
2. | Per share amounts calculated based on the average shares outstanding during the period. |
3. | Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
4. | Annualized for periods less than one full year. |
5. | Less than 0.005%. |
6. | Total expenses including indirect expenses from affiliated fund fees and expenses were as follows: |
Year Ended September 30, 2016 | 0.94% |
Year Ended September 30, 2015 | 0.94% |
Year Ended September 30, 2014 | 0.92% |
Year Ended September 30, 2013 | 0.95% |
Year Ended September 28, 2012 | 0.93% |
Oppenheimer Global Opportunities Fund | 39 |
Telephone: | Call OppenheimerFunds Services toll-free: 1.800.CALL OPP (1.800.225.5677) |
Mail: | Use the following address for regular
mail: OppenheimerFunds Services P.O. Box 5270 Denver, Colorado 80217-5270 |
Use the following address for courier or express
mail: OppenheimerFunds Services 12100 East Iliff Avenue Suite 300 Aurora, Colorado 80014 | |
Internet: | You may request documents, and read or download certain documents at www.oppenheimerfunds.com |