4 OPPENHEIMER VALUE FUND
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STATEMENT
OF
INVESTMENTS
Unaudited /
Continued
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Shares
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Value
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Diversified Telecommunication Services (Continued)
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Verizon Communications, Inc.
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509,541
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$
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24,468,159
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Windstream Holdings, Inc.
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453,470
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3,391,955
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36,688,643
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Wireless Telecommunication Services0.4%
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Vodafone Group plc, Sponsored ADR
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215,220
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7,976,053
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Utilities3.0%
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Electric Utilities2.6%
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Duke Energy Corp.
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296,339
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20,927,460
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Edison International
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795,670
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38,319,467
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59,246,927
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Multi-Utilities0.4%
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Sempra Energy
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91,680
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8,499,653
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Total Common Stocks (Cost $1,962,683,700)
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2,237,755,154
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Investment Company0.5%
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Oppenheimer Institutional Money Market Fund, Cl. E, 0.08%
2,3
(Cost $10,265,826)
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10,265,826
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10,265,826
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Total Investments, at Value (Cost $1,972,949,526)
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99.8
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%
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2,248,020,980
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Assets in Excess of Other Liabilities
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0.2
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4,712,152
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Net Assets
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100.0
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%
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$2,252,733,132
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Footnotes to Statement of Investments
1.
Non-income producing security.
2.
Is or was an affiliate, as defined in the Investment Company Act of 1940, at or during the period ended January 31, 2014, by virtue of the Fund owning at least 5% of the voting securities of the issuer or
as a result of the Fund and the issuer having the same investment adviser. Transactions during the period in which the issuer was an affiliate are as follows:
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Shares
October 31, 2013
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Gross
Additions
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Gross
Reductions
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Shares
January 31, 2014
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Oppenheimer Institutional Money Market Fund, Cl. E
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25,923,525
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86,236,573
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101,894,272
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10,265,826
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Value
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Income
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Oppenheimer Institutional Money Market Fund, Cl. E
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$
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10,265,826
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$ 5,315
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3.
Rate shown is the 7-day yield as of January 31, 2014.
5 OPPENHEIMER VALUE FUND
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NOTES
TO
STATEMENT
OF
INVESTMENTS
Unaudited
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Oppenheimer Value Fund (the Fund), a series of Oppenheimer Series Fund, is a
diversified open-end management investment company registered under the Investment Company Act of 1940, as amended. The Funds investment objective is to seek capital appreciation. The Funds investment adviser is OFI Global Asset
Management, Inc. (OFI Global or the Manager), a wholly-owned subsidiary of OppenheimerFunds, Inc. (OFI or the Sub-Adviser). The Manager has entered into a sub-advisory agreement with OFI.
Investment in Oppenheimer Institutional Money Market Fund.
The Fund is permitted to invest daily available cash balances in
an affiliated money market fund. The Fund may invest the available cash in Class E shares of Oppenheimer Institutional Money Market Fund (IMMF) to seek current income while preserving liquidity. IMMF is a registered open-end management
investment company, regulated as a money market fund under the Investment Company Act of 1940, as amended. The Manager is the investment adviser of IMMF, and the Sub-Adviser provides investment and related advisory services to IMMF. When
applicable, the Funds investment in IMMF is included in the Statement of Investments. Shares of IMMF are valued at their net asset value per share. As a shareholder, the Fund is subject to its proportional share of IMMFs Class E
expenses, including its management fee. The Manager will waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Funds investment in IMMF.
Securities Valuation
The Fund calculates the net asset value of its shares as of the close of the New York Stock Exchange (the Exchange), normally 4:00 P.M. Eastern time, on each day the Exchange is open for trading.
The Funds Board has adopted procedures for the valuation of the Funds securities and has
delegated the day-to-day responsibility for valuation determinations under those procedures to the Manager. The Manager has established a Valuation Committee which is responsible for determining a fair valuation for any security for
which market quotations are not readily available. The Valuation Committees fair valuation determinations are subject to review, approval and ratification by the Funds Board at its next regularly scheduled meeting covering
the calendar quarter in which the fair valuation was determined.
Valuation Methods and Inputs
Securities are valued using unadjusted quoted market prices, when available, as supplied primarily by third party pricing services
or dealers.
The following methodologies are used to determine the market value or the fair value of the
types of securities described below:
Securities traded on a registered U.S. securities exchange
(including exchange-traded derivatives other than futures and futures options) are valued based on the last sale price of the security reported on the principal exchange on which it is traded, prior to the time when the Funds assets are
valued. In the absence of a sale, the security is valued at the last sale price on the prior trading day, if it is within the spread of the current days closing bid and asked prices, and if not, at the current
days closing bid price. A security of a foreign issuer traded on a foreign exchange, but not listed on a registered U.S. securities exchange, is valued based on the last sale price on the principal exchange on which the security is traded, as
identified by the third party pricing service used by the Manager, prior to the time when the Funds assets are valued. If the last sale price is unavailable, the security is valued at the most recent official closing price on the principal
6 OPPENHEIMER VALUE FUND
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NOTES
TO
STATEMENT
OF
INVESTMENTS
Unaudited / Continued
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|
Securities Valuation (Continued)
exchange on which it is traded. If the last sales price or official closing price for a foreign security is not available, the security is valued at the mean between the bid and asked price per
the exchange or, if not available from the exchange, obtained from two dealers. If bid and asked prices are not available from either the exchange or two dealers, the security is valued by using one of the following methodologies (listed in order of
priority): (1) using a bid from the exchange, (2) the mean between the bid and asked price as provided by a single dealer, or (3) a bid from a single dealer.
Shares of a registered investment company that are not traded on an exchange are valued at that investment
companys net asset value per share.
Corporate and government debt securities (of U.S. or foreign
issuers) and municipal debt securities, event-linked bonds, loans, mortgage-backed securities, collateralized mortgage obligations, and asset-backed securities are valued at the mean between the bid and asked prices utilizing
evaluated prices obtained from third party pricing services or broker-dealers who may use matrix pricing methods to determine the evaluated prices.
Short-term money market type debt securities with a remaining maturity of sixty days or less are valued at cost
adjusted by the amortization of discount or premium to maturity (amortized cost), which approximates market value. Short-term debt securities with a remaining maturity in excess of sixty days are valued at the mean between the bid and
asked prices utilizing evaluated prices obtained from third party pricing services or broker-dealers.
A
description of the standard inputs that may generally be considered by the third party pricing vendors in determining their evaluated prices is provided below.
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Security Type
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Standard inputs generally considered by third-party pricing vendors
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Corporate debt, government debt, municipal, mortgage-backed and asset-backed securities
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Reported trade data, broker-dealer price quotations, benchmark yields, issuer spreads on comparable securities, the credit quality, yield, maturity, and other appropriate
factors.
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Loans
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Information obtained from market participants regarding reported trade data and broker-dealer price quotations.
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Event-linked bonds
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Information obtained from market participants regarding reported trade data and broker-dealer price quotations.
|
If a market value or price cannot be determined for a security using the methodologies described
above, or if, in the good faith opinion of the Manager, the market value or price obtained does not constitute a readily available market quotation, or a significant event has occurred that would materially affect the value
of the security the security is fair valued either (i) by a standardized fair valuation methodology applicable to the security type or the significant event as previously approved by the Valuation Committee and the Funds Board or
(ii) as determined in good faith by the Managers Valuation Committee. The Valuation Committee considers all relevant facts that are reasonably available, through either public information or information available to the Manager, when
determining the fair value of a security. Fair value determinations by the Manager are subject to review, approval and ratification by the Funds Board at its next regularly scheduled meeting covering the calendar quarter in which the fair
valuation was determined. Those fair valuation standardized methodologies include, but are not limited to, valuing securities at the last sale price or initially at cost and subsequently adjusting the value based on: changes in company specific
fundamentals, changes in an appropriate securities index, or changes in the value of similar securities which may be further adjusted for any discounts related to security-specific resale restrictions. When possible, such methodologies use
observable market inputs such as unadjusted quoted prices of similar
7 OPPENHEIMER VALUE FUND
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NOTES
TO
STATEMENT
OF
INVESTMENTS
Unaudited / Continued
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|
|
Securities Valuation (Continued)
securities, observable interest rates, currency rates and yield curves. The methodologies used for valuing securities are not necessarily an indication of the risks associated with investing in
those securities nor can it be assured that the Fund can obtain the fair value assigned to a security if it were to sell the security.
To assess the continuing appropriateness of security valuations, the Manager, or its third party service provider who is subject to oversight by the Manager, regularly compares prior day prices, prices on
comparable securities, and sale prices to the current day prices and challenges those prices exceeding certain tolerance levels with the third party pricing service or broker source. For those securities valued by fair valuations, whether through a
standardized fair valuation methodology or a fair valuation determination, the Valuation Committee reviews and affirms the reasonableness of the valuations based on such methodologies and fair valuation determinations on a regular basis after
considering all relevant information that is reasonably available.
Classifications
Each investment asset or liability of the Fund is assigned a level at measurement date based on the significance and source of the
inputs to its valuation. Various data inputs are used in determining the value of each of the Funds investments as of the reporting period end. These data inputs are categorized in the following hierarchy under applicable financial accounting
standards:
1) Level 1-unadjusted quoted prices in active markets for identical assets or liabilities
(including securities actively traded on a securities exchange)
2) Level 2-inputs other than unadjusted
quoted prices that are observable for the asset or liability (such as unadjusted quoted prices for similar assets and market corroborated inputs such as interest rates, prepayment speeds, credit risks, etc.)
3) Level 3-significant unobservable inputs (including the Managers own judgments about assumptions that market
participants would use in pricing the asset or liability).
The inputs used for valuing securities are not necessarily
an indication of the risks associated with investing in those securities.
8 OPPENHEIMER VALUE FUND
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NOTES
TO
STATEMENT
OF
INVESTMENTS
Unaudited / Continued
|
|
|
Securities Valuation (Continued)
The table below categorizes amounts as of January 31, 2014 based on valuation
input level:
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Level 1
Unadjusted
Quoted Prices
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Level 2
Other Significant
Observable Inputs
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Level 3
Significant
Unobservable
Inputs
|
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Value
|
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|
Assets Table
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Investments, at Value:
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Common Stocks
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Consumer Discretionary
|
|
$
|
194,912,968
|
|
|
$
|
|
|
|
$
|
|
|
|
$
|
194,912,968
|
|
Consumer Staples
|
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169,250,819
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|
|
|
|
|
|
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|
169,250,819
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|
Energy
|
|
|
245,896,342
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|
|
|
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|
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|
245,896,342
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|
Financials
|
|
|
511,743,185
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|
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|
511,743,185
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|
Health Care
|
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|
301,768,476
|
|
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|
|
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|
301,768,476
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Industrials
|
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321,729,504
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|
|
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|
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|
|
|
|
321,729,504
|
|
Information Technology
|
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|
344,631,224
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|
|
|
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344,631,224
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Materials
|
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35,411,360
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|
|
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|
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|
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35,411,360
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|
Telecommunication Services
|
|
|
44,664,696
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|
|
|
|
|
|
|
|
|
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44,664,696
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|
Utilities
|
|
|
67,746,580
|
|
|
|
|
|
|
|
|
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|
|
67,746,580
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|
Investment Company
|
|
|
10,265,826
|
|
|
|
|
|
|
|
|
|
|
|
10,265,826
|
|
|
|
|
|
|
Total Assets
|
|
$
|
2,248,020,980
|
|
|
$
|
|
|
|
$
|
|
|
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$
|
2,248,020,980
|
|
|
|
|
|
|
Currency contracts and forwards, if any, are reported at their unrealized appreciation/
depreciation at measurement date, which represents the change in the contracts value from trade date. Futures, if any, are reported at their variation margin at measurement date, which represents the amount due to/from the Fund at that date.
All additional assets and liabilities included in the above table are reported at their market value at measurement date.
Federal Taxes
The approximate aggregate cost of securities and other investments and the composition of unrealized appreciation
and depreciation of securities and other investments for federal income tax purposes as of January 31, 2014 are noted below. The primary difference between book and tax appreciation or depreciation of securities and other investments, if
applicable, is attributable to the tax deferral of losses.
|
|
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|
|
Federal tax cost of securities
|
|
$
|
1,981,311,035
|
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
279,146,119
|
|
Gross unrealized depreciation
|
|
|
(12,436,174)
|
|
|
|
|
|
|
Net unrealized appreciation
|
|
$
|
266,709,945
|
|
|
|
|
|
|
9 OPPENHEIMER VALUE FUND
Item 2. Controls and Procedures.
|
(a)
|
Based on their evaluation of the registrants disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940 (17 CFR 270.30a-3(c)) as of 1/31/2014, the registrants
principal executive officer and principal financial officer found the registrants disclosure controls and procedures to provide reasonable assurances that information required to be disclosed by the registrant in the reports that it files
under the Securities Exchange Act of 1934 (a) is accumulated and communicated to the registrants management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required
disclosure, and (b) is recorded, processed, summarized and reported, within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission.
|
|
(b)
|
There have been no significant changes in the registrants internal controls over financial reporting that occurred during the registrants last fiscal quarter that has materially affected, or is reasonably
likely to materially affect, the registrants internal control over financial reporting.
|
Item 3. Exhibits.
Exhibits attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
Oppenheimer Series Fund
|
|
|
By:
|
|
/s/ William F. Glavin, Jr.
|
|
|
William F. Glavin, Jr.
|
|
|
Principal Executive Officer
|
Date:
|
|
3/13/2014
|
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has
been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
|
|
By:
|
|
/s/ William F. Glavin, Jr.
|
|
|
William F. Glavin, Jr.
|
|
|
Principal Executive Officer
|
Date:
|
|
3/13/2014
|
|
|
|
By:
|
|
/s/ Brian W. Wixted
|
|
|
Brian W. Wixted
|
|
|
Principal Financial Officer
|
Date:
|
|
3/13/2014
|
Texas Gulf Energy (CE) (USOTC:TXGE)
過去 株価チャート
から 5 2024 まで 6 2024
Texas Gulf Energy (CE) (USOTC:TXGE)
過去 株価チャート
から 6 2023 まで 6 2024