SECURITIES AND EXCHANGE COMMISSION
INVESTMENT COMPANIES
(Address of principal executive offices) (Zip code)
OppenheimerFunds, Inc.
Two World Financial Center, New York, New York 10281-1008
(Name and address of agent for service)
![(OPPENHEIMER MAIN STREET OPPORTUNITY FUND LOGO)](https://capedge.com/proxy/N-CSR/0001434991-08-000435/p76439p7643901.gif)
Top Ten Common Stock Industries | ||||
Oil, Gas & Consumable Fuels | 16.4 | % | ||
Insurance | 5.3 | |||
Software | 5.2 | |||
Computers & Peripherals | 5.2 | |||
Semiconductors & Semiconductor Equipment | 5.1 | |||
Specialty Retail | 4.0 | |||
Aerospace & Defense | 3.8 | |||
Metals & Mining | 3.6 | |||
Machinery | 3.5 | |||
Media | 3.2 |
Top Ten Common Stock Holdings | ||||
Exxon Mobil Corp. | 4.0 | % | ||
Microsoft Corp. | 2.2 | |||
Chevron Corp. | 2.0 | |||
Intel Corp. | 1.7 | |||
International Business Machines Corp. | 1.6 | |||
Hewlett-Packard Co. | 1.6 | |||
ConocoPhillips | 1.6 | |||
General Electric Co. | 1.3 | |||
Occidental Petroleum Corp. | 1.3 | |||
Johnson & Johnson | 1.1 |
8 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
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Beginning | Ending | Expenses | ||||||||||
Account | Account | Paid During | ||||||||||
Value | Value | 6 Months Ended | ||||||||||
Actual | February 1, 2008 | July 31, 2008 | July 31, 2008 | |||||||||
Class A | $ | 1,000.00 | $ | 926.80 | $ | 5.57 | ||||||
Class B | 1,000.00 | 923.60 | 9.32 | |||||||||
Class C | 1,000.00 | 923.10 | 8.89 | |||||||||
Class N | 1,000.00 | 925.60 | 7.02 | |||||||||
Class Y | 1,000.00 | 928.70 | 3.31 | |||||||||
Hypothetical (5% return before expenses) | ||||||||||||
Class A | 1,000.00 | 1,019.10 | 5.84 | |||||||||
Class B | 1,000.00 | 1,015.22 | 9.77 | |||||||||
Class C | 1,000.00 | 1,015.66 | 9.31 | |||||||||
Class N | 1,000.00 | 1,017.60 | 7.35 | |||||||||
Class Y | 1,000.00 | 1,021.43 | 3.47 |
Class | Expense Ratios | |||
Class A | 1.16 | % | ||
Class B | 1.94 | |||
Class C | 1.85 | |||
Class N | 1.46 | |||
Class Y | 0.69 |
20 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
Shares | Value | |||||||
Common Stocks—99.6% | ||||||||
Consumer Discretionary—10.9% | ||||||||
Auto Components—0.6% | ||||||||
ATC Technology Corp.1 | 9,700 | $ | 243,664 | |||||
Autoliv, Inc. | 74,900 | 2,924,096 | ||||||
Borg-Warner Automotive, Inc. | 87,000 | 3,507,840 | ||||||
Gentex Corp. | 181,300 | 2,802,898 | ||||||
Goodyear Tire & Rubber Co. (The)1 | 33,200 | 651,716 | ||||||
Lear Corp.1 | 119,830 | 1,726,750 | ||||||
Stoneridge, Inc.1 | 35,900 | 472,803 | ||||||
TRW Automotive Holdings Corp.1 | 148,300 | 2,750,965 | ||||||
WABCO Holdings, Inc. | 58,000 | 2,619,280 | ||||||
17,700,012 | ||||||||
Automobiles—0.3% | ||||||||
Ford Motor Co.1 | 1,970,740 | 9,459,552 | ||||||
Distributors—0.2% | ||||||||
Genuine Parts Co. | 40,800 | 1,636,488 | ||||||
LKQ Corp.1 | 189,600 | 3,886,800 | ||||||
5,523,288 | ||||||||
Diversified Consumer Services—0.2% | ||||||||
H&R Block, Inc. | 121,900 | 2,965,827 | ||||||
Hillenbrand, Inc. | 6,200 | 143,530 | ||||||
Regis Corp. | 24,800 | 694,152 | ||||||
Service Corp. International | 259,300 | 2,481,501 | ||||||
Stewart Enterprises, Inc. | 83,000 | 739,530 | ||||||
7,024,540 | ||||||||
Hotels, Restaurants & Leisure—0.4% | ||||||||
Bob Evans Farms, Inc. | 39,000 | 1,116,960 | ||||||
Carnival Corp. | 12,800 | 472,832 | ||||||
CEC Entertainment, Inc.1 | 20,700 | 721,602 | ||||||
Chipotle Mexican Grill, Inc., Cl. B1 | 6,805 | 435,656 | ||||||
CKE Restaurants, Inc. | 46,500 | 570,555 | ||||||
Denny’s Corp.1 | 93,200 | 240,456 | ||||||
International Speedway Corp. | 28,600 | 1,052,194 | ||||||
Jack in the Box, Inc.1 | 59,100 | 1,275,378 | ||||||
Marcus Corp. (The) | 7,900 | 125,689 | ||||||
McDonald’s Corp. | 54,500 | 3,258,555 | ||||||
Papa John’s International, Inc.1 | 14,600 | 413,034 | ||||||
Speedway Motorsports, Inc. | 22,400 | 432,544 | ||||||
Wyndham Worldwide Corp. | 195,400 | 3,505,476 | ||||||
13,620,931 | ||||||||
Household Durables—0.5% | ||||||||
American Greetings Corp., Cl. A | 99,070 | 1,468,217 | ||||||
Ethan Allen Interiors, Inc. | 24,300 | 609,930 | ||||||
La-Z-Boy, Inc.2 | 32,700 | 241,326 | ||||||
Lennar Corp., Cl. A | 170,300 | 2,060,630 | ||||||
National Presto Industries, Inc. | 7,500 | 536,100 | ||||||
NVR, Inc.1 | 6,310 | 3,485,139 | ||||||
Ryland Group, Inc. (The) | 43,600 | 897,724 | ||||||
Snap-On, Inc. | 65,900 | 3,709,511 | ||||||
Stanley Works (The) | 41,100 | 1,828,128 | ||||||
14,836,705 | ||||||||
Internet & Catalog Retail—0.5% | ||||||||
1-800-FLOWERS.com, Inc.1 | 19,600 | 107,996 | ||||||
IAC/InterActiveCorp1 | 189,000 | 3,299,940 | ||||||
Liberty Media Corp.-Interactive, Series A1,2 | 335,000 | 4,700,050 | ||||||
NetFlix.com, Inc.1,2 | 46,900 | 1,448,741 |
F1 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
Shares | Value | |||||||
Internet & Catalog Retail Continued | ||||||||
Priceline.com, Inc.1,2 | 33,900 | $ | 3,896,805 | |||||
Stamps.com, Inc.1 | 31,900 | 434,159 | ||||||
13,887,691 | ||||||||
Leisure Equipment & Products—0.4% | ||||||||
Brunswick Corp.2 | 102,700 | 1,324,830 | ||||||
Callaway Golf Co. | 114,100 | 1,446,788 | ||||||
Hasbro, Inc. | 110,000 | 4,259,200 | ||||||
Leapfrog Enterprises, Inc.1 | 73,900 | 707,223 | ||||||
Mattel, Inc. | 243,900 | 4,890,195 | ||||||
Polaris Industries, Inc.2 | 21,850 | 935,180 | ||||||
Steinway Musical Instruments, Inc.1 | 4,900 | 135,828 | ||||||
13,699,244 | ||||||||
Media—3.2% | ||||||||
Belo Corp., Cl. A | 60,200 | 408,758 | ||||||
Cablevision Systems Corp. New York Group, Cl. A1 | 173,100 | 4,202,868 | ||||||
CBS Corp., Cl. B | 896,800 | 14,671,648 | ||||||
Comcast Corp., Cl. A | 173,200 | 3,571,384 | ||||||
Cox Radio, Inc., Cl. A1 | 39,600 | 391,644 | ||||||
DirecTV Group, Inc. (The)1 | 873,300 | 23,596,566 | ||||||
DreamWorks Animation SKG, Inc., Cl. A1 | 110,500 | 3,281,850 | ||||||
Harte-Hanks, Inc. | 48,900 | 606,849 | ||||||
Interactive Data Corp. | 700 | 20,160 | ||||||
Marvel Entertainment, Inc.1 | 30,200 | 1,047,940 | ||||||
Meredith Corp. | 24,200 | 618,552 | ||||||
News Corp., Inc., Cl. A | 366,200 | 5,174,406 | ||||||
Regal Entertainment Group | 27,000 | 449,550 | ||||||
Scholastic Corp. | 27,100 | 698,909 | ||||||
Time Warner Cable, Inc., Cl. A1,2 | 224,100 | 6,371,163 | ||||||
Time Warner, Inc. | 1,701,800 | 24,369,776 | ||||||
Viacom, Inc., Cl. B1 | 33,864 | 945,822 | ||||||
Walt Disney Co. (The) | 317,100 | 9,623,985 | ||||||
100,051,830 | ||||||||
Multiline Retail—0.3% | ||||||||
Big Lots, Inc.1 | 190,800 | 5,811,768 | ||||||
Dollar Tree, Inc.1 | 103,600 | 3,885,000 | ||||||
Fred’s, Inc. | 49,800 | 640,428 | ||||||
10,337,196 | ||||||||
Specialty Retail—4.0% | ||||||||
Aeropostale, Inc.1 | 103,600 | 3,341,100 | ||||||
America’s Car-Mart, Inc.1,2 | 6,200 | 123,504 | ||||||
American Eagle Outfitters, Inc. | 182,000 | 2,548,000 | ||||||
AutoNation, Inc.1 | 271,900 | 2,806,008 | ||||||
AutoZone, Inc.1 | 35,500 | 4,625,295 | ||||||
bebe stores, inc. | 83,000 | 860,710 | ||||||
Best Buy Co., Inc. | 566,400 | 22,497,408 | ||||||
Brown Shoe Co., Inc. | 3,700 | 59,718 | ||||||
Dress Barn, Inc. (The)1 | 75,500 | 1,217,815 | ||||||
Finish Line, Inc. (The), Cl. A | 83,000 | 900,550 | ||||||
Foot Locker, Inc. | 109,100 | 1,643,046 | ||||||
Gap, Inc. (The) | 1,307,700 | 21,080,124 | ||||||
Gymboree Corp.1 | 19,100 | 714,340 | ||||||
Jo-Ann Stores, Inc.1 | 26,700 | 586,599 | ||||||
Limited Brands, Inc. | 229,400 | 3,782,806 | ||||||
New York & Co., Inc.1 | 68,100 | 659,208 | ||||||
Office Depot, Inc.1 | 261,300 | 1,776,840 | ||||||
OfficeMax, Inc. | 49,800 | 635,448 | ||||||
Penske Automotive Group, Inc. | 75,400 | 1,002,820 | ||||||
RadioShack Corp. | 117,630 | 1,962,068 | ||||||
Rent-A-Center, Inc.1 | 69,100 | 1,464,920 | ||||||
Ross Stores, Inc. | 112,200 | 4,259,112 | ||||||
Sally Beauty Holdings, Inc.1 | 165,700 | 1,226,180 |
F2 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
Shares | Value | |||||||
Specialty Retail Continued | ||||||||
Staples, Inc. | 486,600 | $ | 10,948,500 | |||||
TJX Cos., Inc. (The) | 779,000 | 26,260,090 | ||||||
Tractor Supply Co.1 | 40,500 | 1,539,405 | ||||||
Urban Outfitters, Inc.1 | 110,860 | 3,659,489 | ||||||
Wet Seal, Inc., Cl. A1 | 123,700 | 543,043 | ||||||
Williams-Sonoma, Inc. | 68,800 | 1,199,872 | ||||||
123,924,018 | ||||||||
Textiles, Apparel & Luxury Goods—0.3% | ||||||||
Carter’s, Inc.1 | 43,600 | 720,708 | ||||||
Columbia Sportswear Co. | 3,500 | 130,585 | ||||||
Fossil, Inc.1 | 13,700 | 366,886 | ||||||
Hanesbrands, Inc.1 | 123,600 | 2,649,984 | ||||||
Jones Apparel Group, Inc. | 80,800 | 1,352,592 | ||||||
Liz Claiborne, Inc. | 90,100 | 1,177,607 | ||||||
Perry Ellis International, Inc.1 | 28,200 | 613,350 | ||||||
Skechers USA, Inc., Cl. A1 | 17,600 | 332,640 | ||||||
UniFirst Corp. | 4,400 | 196,988 | ||||||
Warnaco Group, Inc. (The)1 | 27,300 | 1,145,235 | ||||||
Wolverine World Wide, Inc. | 51,180 | 1,368,041 | ||||||
10,054,616 | ||||||||
Consumer Staples—5.6% | ||||||||
Beverages—0.9% | ||||||||
Coca-Cola Co. (The) | 196,200 | 10,104,300 | ||||||
Pepsi Bottling Group, Inc. (The) | 88,000 | 2,450,800 | ||||||
PepsiCo, Inc. | 246,900 | 16,433,664 | ||||||
28,988,764 | ||||||||
Food & Staples Retailing—1.8% | ||||||||
Casey’s General Stores, Inc. | 40,700 | 1,001,220 | ||||||
Kroger Co. (The) | 974,000 | 27,544,720 | ||||||
Longs Drug Stores, Inc. | 27,200 | 1,271,600 | ||||||
Nash Finch Co. | 7,300 | 288,131 | ||||||
Safeway, Inc. | 589,300 | 15,746,096 | ||||||
Wal-Mart Stores, Inc. | 183,400 | 10,750,908 | ||||||
56,602,675 | ||||||||
Food Products—0.2% | ||||||||
ConAgra Foods, Inc. | 4,800 | 104,064 | ||||||
Del Monte Foods Co. | 109,400 | 928,806 | ||||||
Fresh Del Monte Produce, Inc.1 | 24,700 | 520,676 | ||||||
Omega Protein Corp.1 | 36,000 | 563,040 | ||||||
Tyson Foods, Inc., Cl. A | 259,200 | 3,862,080 | ||||||
5,978,666 | ||||||||
Household Products—0.8% | ||||||||
Procter & Gamble Co. (The) | 389,267 | 25,489,203 | ||||||
Personal Products—0.3% | ||||||||
Chattem, Inc.1,2 | 12,300 | 792,981 | ||||||
Herbalife Ltd. | 85,300 | 3,684,107 | ||||||
NBTY, Inc.1 | 45,100 | 1,555,499 | ||||||
Nu Skin Asia Pacific, Inc., Cl. A | 36,800 | 594,688 | ||||||
Prestige Brands Holdings, Inc.1 | 57,600 | 571,392 | ||||||
7,198,667 | ||||||||
Tobacco—1.6% | ||||||||
Altria Group, Inc. | 436,100 | 8,874,635 | ||||||
Lorillard, Inc. | 138,318 | 9,282,521 | ||||||
Philip Morris International, Inc. | 494,900 | 25,561,585 | ||||||
Reynolds American, Inc. | 54,800 | 3,059,484 | ||||||
Universal Corp. | 58,100 | 2,999,122 | ||||||
49,777,347 | ||||||||
Energy—19.0% | ||||||||
Energy Equipment & Services—2.6% | ||||||||
Bristow Group, Inc.1 | 3,800 | 170,962 | ||||||
Dresser-Rand Group, Inc.1 | 90,700 | 3,455,670 | ||||||
ENGlobal Corp.1 | 13,800 | 170,292 |
F3 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
Shares | Value | |||||||
Energy Equipment & Services Continued | ||||||||
ENSCO International, Inc. | 1,300 | $ | 89,882 | |||||
FMC Technologies, Inc.1 | 62,900 | 3,885,962 | ||||||
Grey Wolf, Inc.1 | 190,800 | 1,629,432 | ||||||
Gulf Island Fabrication, Inc. | 12,700 | 563,245 | ||||||
Halliburton Co. | 159,300 | 7,139,826 | ||||||
Key Energy Services, Inc.1 | 33,800 | 542,828 | ||||||
Lufkin Industries, Inc. | 16,600 | 1,480,720 | ||||||
Newpark Resources, Inc.1 | 80,600 | 589,992 | ||||||
Noble Corp. | 400,100 | 20,753,187 | ||||||
North American Energy Partners, Inc.1 | 18,500 | 334,665 | ||||||
Oil States International, Inc.1 | 55,900 | 3,067,792 | ||||||
Patterson-UTI Energy, Inc. | 121,800 | 3,461,556 | ||||||
Pioneer Drilling Co.1 | 35,700 | 567,273 | ||||||
Schlumberger Ltd. | 215,400 | 21,884,640 | ||||||
Seacor Holdings, Inc.1 | 18,300 | 1,531,161 | ||||||
Transocean, Inc. | 50,500 | 6,869,515 | ||||||
Unit Corp.1 | 46,200 | 3,120,810 | ||||||
81,309,410 | ||||||||
Oil, Gas & Consumable Fuels—16.4% | ||||||||
Abraxas Petroleum Corp.1 | 39,600 | 144,144 | ||||||
Anadarko Petroleum Corp. | 401,600 | 23,256,656 | ||||||
Apache Corp.2 | 243,600 | 27,324,612 | ||||||
Arch Coal, Inc. | 17,600 | 991,056 | ||||||
Arlington Tankers Ltd. | 13,200 | 269,148 | ||||||
Bois d’Arc Energy, Inc.1 | 12,700 | 278,130 | ||||||
Callon Petroleum Co.1 | 19,800 | 455,202 | ||||||
Chesapeake Energy Corp. | 297,900 | 14,939,685 | ||||||
Chevron Corp. | 758,271 | 64,119,396 | ||||||
ConocoPhillips2 | 623,023 | 50,851,137 | ||||||
Continental Resources, Inc.1,2 | 20,900 | 1,193,808 | ||||||
Delta Petroleum Corp.1 | 31,400 | 598,798 | ||||||
Denbury Resources, Inc.1 | 141,600 | 3,984,624 | ||||||
Devon Energy Corp. | 72,770 | 6,905,145 | ||||||
El Paso Corp. | 57,900 | 1,038,147 | ||||||
Enbridge Energy Management LLC1 | 2,300 | 118,519 | ||||||
Enbridge Energy Management LLC1 | 1 | 12 | ||||||
Exxon Mobil Corp. | 1,571,350 | 126,383,681 | ||||||
Gasco Energy, Inc.1 | 53,400 | 139,374 | ||||||
GeoResources, Inc.1 | 18,800 | 304,372 | ||||||
Hess Corp. | 239,108 | 24,245,551 | ||||||
Knightsbridge Tankers Ltd. | 20,600 | 661,466 | ||||||
Marathon Oil Corp. | 597,300 | 29,548,431 | ||||||
Mariner Energy, Inc.1 | 104,500 | 2,765,070 | ||||||
Massey Energy Co. | 59,900 | 4,447,575 | ||||||
Meridian Resource Corp. (The)1 | 38,000 | 120,460 | ||||||
Murphy Oil Corp. | 109,000 | 8,690,570 | ||||||
Noble Energy, Inc. | 258,000 | 19,058,460 | ||||||
Occidental Petroleum Corp. | 498,200 | 39,273,106 | ||||||
Overseas Shipholding Group, Inc. | 44,100 | 3,472,875 | ||||||
Plains Exploration & Production Co.1 | 64,400 | 3,604,468 | ||||||
Rosetta Resources, Inc.1 | 49,200 | 1,162,104 | ||||||
Spectra Energy Corp. | 319,200 | 8,672,664 | ||||||
Stone Energy Corp.1 | 69,800 | 3,561,196 | ||||||
Swift Energy Co.1 | 25,600 | 1,300,992 | ||||||
Teekay Tankers Ltd., Cl. A | 16,300 | 369,358 | ||||||
VAALCO Energy, Inc.1 | 19,700 | 129,035 | ||||||
Valero Energy Corp. | 533,800 | 17,834,258 | ||||||
VeraSun Energy Corp.1,2 | 97,646 | 600,523 | ||||||
W&T Offshore, Inc. | 83,800 | 3,708,988 |
F4 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
Shares | Value | |||||||
Oil, Gas & Consumable Fuels Continued | ||||||||
Whiting Petroleum Corp.1 | 20,100 | $ | 1,882,767 | |||||
Williams Cos., Inc. (The) | 54,900 | 1,759,545 | ||||||
XTO Energy, Inc. | 245,250 | 11,583,158 | ||||||
511,748,266 | ||||||||
Financials—9.2% | ||||||||
Capital Markets—1.1% | ||||||||
BlackRock, Inc. | 46,100 | 9,990,331 | ||||||
Goldman Sachs Group, Inc. (The) | 67,370 | 12,398,775 | ||||||
Invesco Ltd. | 189,800 | 4,420,442 | ||||||
Knight Capital Group, Inc., Cl. A1 | 89,800 | 1,471,822 | ||||||
LaBranche & Co., Inc.1 | 59,600 | 411,836 | ||||||
SWS Group, Inc. | 23,500 | 444,620 | ||||||
TD Ameritrade Holding Corp.1 | 220,800 | 4,396,128 | ||||||
33,533,954 | ||||||||
Commercial Banks—0.7% | ||||||||
BancFirst Corp. | 500 | 23,625 | ||||||
City Holding Co. | 15,500 | 689,440 | ||||||
Colonial BancGroup, Inc. (The)2 | 156,400 | 1,041,624 | ||||||
Community Bank System, Inc. | 27,900 | 658,440 | ||||||
Community Trust Bancorp, Inc. | 3,000 | 92,460 | ||||||
First Horizon National Corp.2 | 179,600 | 1,688,240 | ||||||
First Midwest Bancorp, Inc. | 24,000 | 492,720 | ||||||
Frontier Financial Corp.2 | 24,400 | 281,820 | ||||||
International Bancshares Corp. | 28,500 | 701,100 | ||||||
MainSource Financial Group, Inc. | 19,400 | 346,290 | ||||||
National Penn Bancshares, Inc.2 | 80,300 | 1,078,429 | ||||||
NBT Bancorp, Inc. | 28,700 | 711,473 | ||||||
Old National Bancorp | 58,800 | 892,584 | ||||||
Pacific Capital Bancorp2 | 76,600 | 1,001,162 | ||||||
Park National Corp.2 | 8,400 | 526,092 | ||||||
Popular, Inc.2 | 344,690 | 2,368,020 | ||||||
Republic Bancorp, Inc., Cl. A | 3,300 | 102,102 | ||||||
Simmons First National Corp. | 7,700 | 229,075 | ||||||
Southside Bancshares, Inc. | 5,800 | 115,014 | ||||||
Sterling Bancorp | 21,000 | 294,840 | ||||||
Susquehanna Bancshares, Inc.2 | 83,100 | 1,189,992 | ||||||
TCF Financial Corp.2 | 76,900 | 980,475 | ||||||
Tompkins Financial Corp. | 7,600 | 324,596 | ||||||
UnionBanCal Corp. | 6,900 | 370,668 | ||||||
Wachovia Corp.2 | 115,919 | 2,001,921 | ||||||
Webster Financial Corp. | 66,500 | 1,320,690 | ||||||
Wells Fargo & Co.2 | 101,200 | 3,063,324 | ||||||
WesBanco, Inc. | 10,000 | 227,900 | ||||||
Westamerica Bancorp2 | 19,800 | 1,029,600 | ||||||
23,843,716 | ||||||||
Consumer Finance—0.3% | ||||||||
Cash America International, Inc. | 41,400 | 1,745,424 | ||||||
Discover Financial Services | 313,000 | 4,585,450 | ||||||
EZCORP, Inc., Cl. A1 | 46,200 | 830,676 | ||||||
First Cash Financial Services, Inc.1 | 11,700 | 223,119 | ||||||
Student Loan Corp. (The) | 3,400 | 370,362 | ||||||
World Acceptance Corp.1 | 16,500 | 540,540 | ||||||
8,295,571 |
F5 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
Shares | Value | |||||||
Diversified Financial Services—1.5% | ||||||||
Bank of America Corp. | 308,241 | $ | 10,141,130 | |||||
Citigroup, Inc. | 282,502 | 5,279,962 | ||||||
Encore Capital Group, Inc.1 | 6,900 | 84,525 | ||||||
Financial Federal Corp. | 27,200 | 626,960 | ||||||
JPMorgan Chase & Co.2 | 585,552 | 23,790,978 | ||||||
Leucadia National Corp. | 78,700 | 3,523,399 | ||||||
NASDAQ OMX Group, Inc. (The)1,2 | 121,900 | 3,385,163 | ||||||
46,832,117 | ||||||||
Insurance—5.3% | ||||||||
ACE Ltd. | 142,100 | 7,204,470 | ||||||
Alleghany Corp.1 | 650 | 204,926 | ||||||
Allied World Assurance Holdings Ltd. | 60,800 | 2,529,888 | ||||||
American Equity Investment Life Holding Co. | 71,100 | 621,414 | ||||||
American Financial Group, Inc. | 118,100 | 3,421,357 | ||||||
American National Insurance Co. | 2,100 | 198,450 | ||||||
American Physicians Capital, Inc. | 12,200 | 607,316 | ||||||
Amerisafe, Inc.1 | 27,200 | 494,224 | ||||||
AmTrust Financial Services, Inc. | 23,800 | 346,766 | ||||||
Aon Corp. | 12,800 | 586,240 | ||||||
Arch Capital Group Ltd.1 | 52,400 | 3,653,852 | ||||||
Aspen Insurance Holdings Ltd. | 100,400 | 2,549,156 | ||||||
Assurant, Inc. | 72,200 | 4,340,664 | ||||||
Axis Capital Holdings Ltd. | 127,500 | 4,039,200 | ||||||
Berkley (W.R.) Corp. | 147,200 | 3,476,864 | ||||||
Berkshire Hathaway, Inc., Cl. B1 | 4,550 | 17,421,950 | ||||||
Brown & Brown, Inc. | 144,800 | 2,544,136 | ||||||
Chubb Corp. | 496,100 | 23,832,644 | ||||||
Cincinnati Financial Corp. | 61,400 | 1,709,376 | ||||||
CNA Financial Corp. | 110,200 | 2,941,238 | ||||||
Conseco, Inc.1 | 68,900 | 577,382 | ||||||
Darwin Professional Underwriters, Inc.1 | 10,900 | 337,355 | ||||||
Employers Holdings, Inc. | 39,940 | 711,731 | ||||||
Endurance Specialty Holdings Ltd. | 68,800 | 2,105,280 | ||||||
Fidelity National Title Group, Inc., Cl. A | 258,500 | 3,453,560 | ||||||
First American Corp. | 20,930 | 527,436 | ||||||
FPIC Insurance Group, Inc.1 | 9,700 | 484,515 | ||||||
Genworth Financial, Inc., Cl. A | 268,900 | 4,294,333 | ||||||
Hanover Insurance Group, Inc. | 68,100 | 2,922,852 | ||||||
Harleysville Group, Inc. | 28,700 | 1,022,581 | ||||||
HCC Insurance Holdings, Inc. | 89,500 | 2,027,175 | ||||||
Infinity Property & Casualty Corp. | 14,100 | 628,296 | ||||||
IPC Holdings Ltd. | 52,300 | 1,678,830 | ||||||
Loews Corp. | 167,502 | 7,463,889 | ||||||
Max Capital Group Ltd. | 52,000 | 1,220,440 | ||||||
Montpelier Re Holdings Ltd. | 58,900 | 924,730 | ||||||
Nationwide Financial Services, Inc., Cl. A | 32,300 | 1,497,105 | ||||||
Odyssey Re Holdings Corp. | 82,600 | 3,227,182 | ||||||
OneBeacon Insurance Group Ltd. | 25,800 | 466,980 | ||||||
Partnerre Holdings Ltd. | 52,700 | 3,705,864 |
F6 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
Shares | Value | |||||||
Insurance Continued | ||||||||
Philadelphia Consolidated Holding Co.1 | 75,000 | $ | 4,383,750 | |||||
Platinum Underwriters Holdings Ltd. | 44,100 | 1,592,010 | ||||||
PMA Capital Corp., Cl. A1 | 7,800 | 78,078 | ||||||
ProAssurance Corp.1 | 28,900 | 1,414,366 | ||||||
Protective Life Corp. | 87,000 | 3,128,520 | ||||||
Reinsurance Group of America, Inc. | 5,600 | 278,320 | ||||||
RenaissanceRe Holdings Ltd. | 39,400 | 2,004,278 | ||||||
Safeco Corp. | 68,520 | 4,533,283 | ||||||
Safety Insurance Group, Inc. | 15,600 | 662,532 | ||||||
Selective Insurance Group, Inc. | 58,000 | 1,252,800 | ||||||
StanCorp Financial Group, Inc. | 66,800 | 3,299,252 | ||||||
State Auto Financial Corp. | 13,100 | 378,721 | ||||||
Torchmark Corp. | 19,200 | 1,114,560 | ||||||
Transatlantic Holdings, Inc. | 22,700 | 1,315,238 | ||||||
Travelers Cos., Inc. (The) | 207,400 | 9,150,488 | ||||||
Unitrin, Inc. | 21,400 | 590,426 | ||||||
UnumProvident Corp. | 213,900 | 5,167,824 | ||||||
Wesco Financial Corp. | 700 | 259,000 | ||||||
White Mountains Insurance Group Ltd. | 2,200 | 960,300 | ||||||
Willis Group Holdings Ltd. | 82,700 | 2,586,029 | ||||||
Zenith National Insurance Corp. | 23,300 | 801,753 | ||||||
166,953,175 | ||||||||
Thrifts & Mortgage Finance—0.3% | ||||||||
Anchor BanCorp Wisconsin, Inc. | 8,600 | 61,920 | ||||||
Bank Mutual Corp. | 48,700 | 569,790 | ||||||
Dime Community Bancshares, Inc. | 37,200 | 622,356 | ||||||
First Place Financial Corp. | 13,000 | 141,310 | ||||||
Flushing Financial Corp. | 28,500 | 502,455 | ||||||
Hudson City Bancorp, Inc. | 311,500 | 5,687,990 | ||||||
OceanFirst Financial Corp. | 6,700 | 121,203 | ||||||
Provident Financial Services, Inc. | 18,800 | 274,292 | ||||||
Provident New York Bancorp | 14,900 | 182,972 | ||||||
TFS Financial Corp. | 39,900 | 454,461 | ||||||
8,618,749 | ||||||||
Health Care—6.4% | ||||||||
Biotechnology—0.6% | ||||||||
Amgen, Inc.1 | 179,300 | 11,229,559 | ||||||
Cubist Pharmaceuticals, Inc.1 | 14,600 | 330,836 | ||||||
Emergent Biosolutions, Inc.1 | 12,400 | 167,028 | ||||||
Genentech, Inc.1 | 53,300 | 5,076,825 | ||||||
Martek Biosciences Corp.1 | 41,300 | 1,553,293 | ||||||
Momenta Pharmaceuticals, Inc.1 | 10,300 | 170,774 | ||||||
18,528,315 | ||||||||
Health Care Equipment & Supplies—0.4% | ||||||||
Analogic Corp. | 16,300 | 1,192,834 | ||||||
Boston Scientific Corp.1 | 233,700 | 2,778,693 | ||||||
ConMed Corp.1 | 16,500 | 501,435 | ||||||
CryoLife, Inc.1 | 16,000 | 217,440 | ||||||
Cyberonics, Inc.1,2 | 28,100 | 776,122 | ||||||
Exactech, Inc.1 | 15,100 | 433,974 | ||||||
Hill-Rom Holdings, Inc.2 | 51,800 | 1,455,062 | ||||||
Kensey Nash Corp.1 | 19,600 | 680,708 |
F7 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
Shares | Value | |||||||
Health Care Equipment & Supplies Continued | ||||||||
Merit Medical Systems, Inc.1 | 31,400 | $ | 634,594 | |||||
Sirona Dental Systems, Inc.1 | 28,900 | 717,298 | ||||||
Steris Corp. | 36,600 | 1,250,622 | ||||||
Vital Signs, Inc. | 3,700 | 270,655 | ||||||
VNUS Medical Technologies, Inc.1 | 7,400 | 150,664 | ||||||
Zoll Medical Corp.1 | 17,600 | 554,400 | ||||||
11,614,501 | ||||||||
Health Care Providers & Services—2.1% | ||||||||
Aetna, Inc. | 541,200 | 22,194,612 | ||||||
Almost Family, Inc.1 | 5,300 | 174,105 | ||||||
AMERIGROUP Corp.1 | 11,800 | 299,720 | ||||||
Centene Corp.1 | 64,200 | 1,432,302 | ||||||
Chemed Corp. | 8,900 | 380,920 | ||||||
CorVel Corp.1 | 6,300 | 206,325 | ||||||
Hanger Orthopedic Group, Inc.1 | 41,600 | 709,280 | ||||||
Health Net, Inc.1 | 129,900 | 3,632,004 | ||||||
HealthExtras, Inc.1 | 23,300 | 699,233 | ||||||
Healthspring, Inc.1 | 103,360 | 2,010,352 | ||||||
Landauer, Inc. | 10,400 | 669,032 | ||||||
LifePoint Hospitals, Inc.1 | 50,700 | 1,451,541 | ||||||
Lincare Holdings, Inc.1 | 30,430 | 980,455 | ||||||
Odyssey Healthcare, Inc.1 | 40,600 | 382,452 | ||||||
Owens & Minor, Inc. | 34,200 | 1,570,464 | ||||||
PharMerica Corp.1 | 29,300 | 692,945 | ||||||
PSS World Medical, Inc.1 | 12,000 | 201,120 | ||||||
UnitedHealth Group, Inc. | 63,350 | 1,778,868 | ||||||
Universal Health Services, Inc., Cl. B | 42,400 | 2,570,288 | ||||||
WellPoint, Inc.1 | 426,700 | 22,380,415 | ||||||
64,416,433 | ||||||||
Life Sciences Tools & Services—0.3% | ||||||||
Albany Molecular Research, Inc.1 | 23,500 | 359,550 | ||||||
Applied Biosystems, Inc. | 110,600 | 4,084,458 | ||||||
eResearch Technology, Inc.1 | 37,800 | 550,368 | ||||||
Life Sciences Research, Inc.1 | 2,400 | 81,120 | ||||||
Luminex Corp.1 | 9,500 | 209,000 | ||||||
Pharmaceutical Product Development, Inc. | 88,400 | 3,371,576 | ||||||
Varian, Inc.1 | 24,900 | 1,230,060 | ||||||
9,886,132 | ||||||||
Pharmaceuticals—3.0% | ||||||||
Abbott Laboratories | 31,100 | 1,752,174 | ||||||
Alpharma, Inc., Cl. A1 | 37,600 | 853,896 | ||||||
Eli Lilly & Co. | 99,300 | 4,678,023 | ||||||
Endo Pharmaceuticals Holdings, Inc.1 | 122,360 | 2,832,634 | ||||||
Johnson & Johnson | 519,800 | 35,590,706 | ||||||
King Pharmaceuticals, Inc.1 | 347,700 | 4,002,027 | ||||||
Medicis Pharmaceutical Corp., Cl. A | 33,400 | 613,224 | ||||||
Merck & Co., Inc. | 374,700 | 12,327,630 | ||||||
Pfizer, Inc. | 1,340,300 | 25,023,401 | ||||||
Sepracor, Inc.1 | 169,100 | 2,955,868 | ||||||
Warner Chilcott Ltd., Cl. A1 | 77,000 | 1,302,070 | ||||||
Watson Pharmaceuticals, Inc.1 | 129,500 | 3,743,845 | ||||||
95,675,498 | ||||||||
Industrials—14.5% | ||||||||
Aerospace & Defense—3.8% | ||||||||
Argon ST, Inc.1 | 6,900 | 170,982 | ||||||
Axsys Technologies, Inc.1 | 11,600 | 851,904 | ||||||
BE Aerospace, Inc.1 | 130,600 | 3,353,808 |
F8 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
Shares | Value | |||||||
Aerospace & Defense Continued | ||||||||
Boeing Co. | 488,200 | $ | 29,833,902 | |||||
Ceradyne, Inc.1 | 29,100 | 1,348,785 | ||||||
DRS Technologies, Inc. | 65,300 | 5,145,640 | ||||||
Esterline Technologies Corp.1 | 27,900 | 1,360,962 | ||||||
General Dynamics Corp. | 63,400 | 5,651,476 | ||||||
Honeywell International, Inc. | 146,900 | 7,468,396 | ||||||
L-3 Communications Holdings, Inc. | 90,500 | 8,931,445 | ||||||
Northrop Grumman Corp. | 299,900 | 20,210,261 | ||||||
Raytheon Co.2 | 369,700 | 21,047,021 | ||||||
Stanley, Inc.1 | 5,100 | 159,273 | ||||||
Triumph Group, Inc. | 18,200 | 963,872 | ||||||
United Technologies Corp. | 214,700 | 13,736,506 | ||||||
120,234,233 | ||||||||
Air Freight & Logistics—0.1% | ||||||||
Hub Group, Inc., Cl. A1 | 41,200 | 1,601,032 | ||||||
Pacer International, Inc. | 35,800 | 849,892 | ||||||
2,450,924 | ||||||||
Airlines—0.1% | ||||||||
Hawaiian Holdings, Inc.1 | 68,000 | 599,760 | ||||||
SkyWest, Inc. | 64,300 | 978,646 | ||||||
1,578,406 | ||||||||
Building Products—0.1% | ||||||||
Aaon, Inc. | 24,900 | 473,349 | ||||||
Gibraltar Industries, Inc. | 17,100 | 270,351 | ||||||
Insteel Industries, Inc. | 34,700 | 613,149 | ||||||
Lennox International, Inc. | 46,400 | 1,656,480 | ||||||
NCI Building Systems, Inc.1 | 17,000 | 636,820 | ||||||
Quanex Building Products Corp. | 45,350 | 698,390 | ||||||
4,348,539 | ||||||||
Commercial Services & Supplies—2.0% | ||||||||
Administaff, Inc. | 23,170 | 665,211 | ||||||
Allied Waste Industries, Inc.1 | 16,800 | 203,280 | ||||||
American Ecology Corp. | 21,400 | 674,314 | ||||||
AMREP Corp. | 3,000 | 148,200 | ||||||
Brink’s Co. (The) | 53,000 | 3,654,880 | ||||||
Casella Waste Systems, Inc., Cl. A1 | 9,800 | 126,616 | ||||||
CBIZ, Inc.1 | 51,000 | 417,690 | ||||||
CDI Corp. | 24,800 | 510,384 | ||||||
ChoicePoint, Inc.1 | 10,200 | 488,070 | ||||||
Comfort Systems USA, Inc. | 47,200 | 625,872 | ||||||
Consolidated Graphics, Inc.1 | 3,100 | 103,850 | ||||||
Copart, Inc.1 | 32,200 | 1,412,292 | ||||||
Deluxe Corp. | 66,160 | 946,088 | ||||||
Exponent, Inc.1 | 19,200 | 586,368 | ||||||
First Advantage Corp., Cl. A1 | 6,000 | 90,960 | ||||||
G&K Services, Inc., Cl. A | 18,600 | 633,144 | ||||||
Hill International, Inc.1 | 38,800 | 657,660 | ||||||
HNI Corp.2 | 42,100 | 911,465 | ||||||
ICF International, Inc.1 | 6,400 | 121,216 | ||||||
Ikon Office Solutions, Inc. | 117,830 | 1,684,969 | ||||||
Kelly Services, Inc., Cl. A | 30,800 | 567,028 | ||||||
Korn-Ferry International1 | 22,200 | 388,500 | ||||||
Manpower, Inc. | 68,300 | 3,278,400 | ||||||
Miller (Herman), Inc. | 111,600 | 2,917,224 | ||||||
Mine Safety Appliances Co. | 19,300 | 637,672 | ||||||
Monster Worldwide, Inc.1 | 170,100 | 3,017,574 | ||||||
MPS Group, Inc.1 | 112,600 | 1,297,152 | ||||||
R.R. Donnelley & Sons Co. | 145,600 | 3,887,520 |
F9 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
Shares | Value | |||||||
Commercial Services & Supplies Continued | ||||||||
Resources Connection, Inc. | 50,000 | $ | 1,157,000 | |||||
Robert Half International, Inc. | 152,000 | 3,844,080 | ||||||
Schawk, Inc. | 5,300 | 68,529 | ||||||
School Specialty, Inc.1 | 20,400 | 679,524 | ||||||
Standard Register Co. (The) | 38,900 | 343,487 | ||||||
Steelcase, Inc., Cl. A | 139,600 | 1,390,416 | ||||||
Sykes Enterprises, Inc.1 | 23,200 | 409,712 | ||||||
TrueBlue, Inc.1 | 45,500 | 687,050 | ||||||
United Stationers, Inc.1 | 37,000 | 1,418,210 | ||||||
Waste Management, Inc. | 557,700 | 19,820,658 | ||||||
Watson Wyatt & Co. Holdings | 22,100 | 1,280,474 | ||||||
61,752,739 | ||||||||
Construction & Engineering—0.2% | ||||||||
Aecom Technology Corp.1 | 108,400 | 3,086,148 | ||||||
Dycom Industries, Inc.1 | 27,500 | 436,425 | ||||||
Insituform Technologies, Inc., Cl. A1 | 21,700 | 375,193 | ||||||
KBR, Inc. | 123,700 | 3,525,450 | ||||||
Pike Electric Corp.1 | 35,700 | 635,460 | ||||||
8,058,676 | ||||||||
Electrical Equipment—0.8% | ||||||||
Acuity Brands, Inc. | 82,800 | 3,383,208 | ||||||
AZZ, Inc.1 | 18,000 | 823,860 | ||||||
Belden, Inc. | 41,000 | 1,513,720 | ||||||
Brady Corp., Cl. A | 7,900 | 289,693 | ||||||
C&D Technologies, Inc.1 | 28,600 | 229,658 | ||||||
Cooper Industries Ltd., Cl. A | 48,000 | 2,024,160 | ||||||
Emerson Electric Co. | 72,400 | 3,525,880 | ||||||
Encore Wire Corp.2 | 23,800 | 433,874 | ||||||
GrafTech International Ltd.1 | 195,240 | 4,578,378 | ||||||
Powell Industries, Inc.1 | 12,000 | 630,000 | ||||||
Smith (A.O.) Corp. | 11,900 | 472,430 | ||||||
Thomas & Betts Corp.1 | 70,900 | 2,933,842 | ||||||
Woodward Governor Co. | 82,700 | 3,721,500 | ||||||
24,560,203 | ||||||||
Industrial Conglomerates—2.0% | ||||||||
3M Co. | 113,300 | 7,975,187 | ||||||
General Electric Co. | 1,484,400 | 41,993,676 | ||||||
Raven Industries, Inc. | 17,600 | 669,680 | ||||||
Textron, Inc. | 2,057 | 89,418 | ||||||
Tyco International Ltd. | 198,700 | 8,854,072 | ||||||
Walter Industries, Inc. | 25,000 | 2,621,750 | ||||||
62,203,783 | ||||||||
Machinery—3.5% | ||||||||
Ampco-Pittsburgh Corp. | 7,100 | 308,708 | ||||||
Badger Meter, Inc. | 13,100 | 737,923 | ||||||
Barnes Group, Inc. | 9,200 | 207,828 | ||||||
Blount International, Inc.1 | 51,700 | 585,761 | ||||||
Cascade Corp. | 7,600 | 333,488 | ||||||
Caterpillar, Inc. | 300,900 | 20,918,568 | ||||||
Columbus McKinnon Corp.1 | 13,700 | 352,227 | ||||||
Commercial Vehicle Group, Inc.1 | 10,400 | 100,568 | ||||||
Crane Co. | 18,800 | 667,400 | ||||||
Cummins, Inc. | 284,700 | 18,886,998 | ||||||
Dover Corp. | 103,200 | 5,121,816 | ||||||
Eaton Corp. | 4,300 | 305,472 | ||||||
EnPro Industries, Inc.1 | 21,000 | 756,210 | ||||||
Federal Signal Corp. | 28,500 | 409,545 | ||||||
Gardner Denver, Inc.1 | 65,900 | 3,005,040 | ||||||
Gorman-Rupp Co. (The) | 15,600 | 694,824 | ||||||
IDEX Corp. | 95,700 | 3,620,331 | ||||||
Illinois Tool Works, Inc. | 130,900 | 6,132,665 |
F10 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
Shares | Value | |||||||
Machinery Continued | ||||||||
Ingersoll-Rand Co. Ltd., Cl. A | 175,410 | $ | 6,314,760 | |||||
Kadant, Inc.1 | 15,700 | 335,823 | ||||||
Kennametal, Inc. | 102,800 | 3,059,328 | ||||||
Lincoln Electric Holdings, Inc. | 44,500 | 3,575,575 | ||||||
Lydall, Inc.1 | 27,900 | 434,124 | ||||||
Mueller Industries, Inc. | 48,000 | 1,232,160 | ||||||
Navistar International Corp.1 | 15,800 | 884,800 | ||||||
NN, Inc. | 9,900 | 131,868 | ||||||
Nordson Corp. | 47,000 | 3,321,020 | ||||||
Oshkosh Corp. | 56,400 | 1,017,456 | ||||||
Parker-Hannifin Corp. | 251,850 | 15,534,108 | ||||||
Pentair, Inc. | 66,900 | 2,316,078 | ||||||
Sun Hydraulics Corp. | 15,500 | 638,600 | ||||||
Tecumseh Products Co., Cl. A1 | 10,400 | 340,600 | ||||||
Timken Co. | 112,700 | 3,721,354 | ||||||
Toro Co. (The) | 38,800 | 1,262,940 | ||||||
Wabtec Corp. | 38,600 | 2,142,300 | ||||||
109,408,266 | ||||||||
Marine—0.1% | ||||||||
Alexander & Baldwin, Inc. | 23,900 | 1,037,021 | ||||||
American Commercial Lines, Inc.1,2 | 10,500 | 120,225 | ||||||
Star Bulk Carriers Corp. | 55,400 | 622,696 | ||||||
1,779,942 | ||||||||
Road & Rail—1.4% | ||||||||
Arkansas Best Corp.2 | 38,400 | 1,426,176 | ||||||
Avis Budget Group, Inc.1 | 113,500 | 692,350 | ||||||
CSX Corp. | 75,800 | 5,122,564 | ||||||
Hertz Global Holdings, Inc.1 | 286,085 | 2,440,305 | ||||||
Marten Transport Ltd.1 | 20,800 | 433,056 | ||||||
Norfolk Southern Corp. | 415,500 | 29,882,760 | ||||||
Old Dominion Freight Line, Inc.1 | 23,300 | 855,110 | ||||||
Ryder Systems, Inc. | 53,900 | 3,555,244 | ||||||
Werner Enterprises, Inc. | 900 | 21,429 | ||||||
YRC Worldwide, Inc.1,2 | 65,900 | 1,113,710 | ||||||
45,542,704 | ||||||||
Trading Companies & Distributors—0.4% | ||||||||
Applied Industrial Technologies, Inc. | 57,300 | 1,531,056 | ||||||
Fastenal Co. | 27,500 | 1,343,650 | ||||||
GATX Corp. | 37,700 | 1,714,219 | ||||||
Houston Wire & Cable Co. | 31,800 | 625,824 | ||||||
MSC Industrial Direct Co., Inc., Cl. A | 70,800 | 3,377,160 | ||||||
United Rentals, Inc.1 | 123,141 | 1,992,421 | ||||||
Watsco, Inc. | 17,400 | 867,738 | ||||||
WESCO International, Inc.1 | 37,300 | 1,404,345 | ||||||
12,856,413 | ||||||||
Information Technology—22.0% | ||||||||
Communications Equipment—2.4% | ||||||||
ADTRAN, Inc. | 44,310 | 990,772 | ||||||
Avanex Corp.1 | 134,600 | 87,490 | ||||||
Avocent Corp.1 | 53,600 | 1,274,608 | ||||||
Brocade Communications Systems, Inc.1 | 420,700 | 2,839,725 | ||||||
Cisco Systems, Inc.1 | 1,579,100 | 34,724,409 | ||||||
Corning, Inc. | 267,300 | 5,348,673 | ||||||
EchoStar Holding Corp.1 | 58,100 | 1,858,619 | ||||||
Emulex Corp.1 | 104,100 | 1,173,207 | ||||||
Harris Corp. | 10,100 | 486,315 | ||||||
Ixia1 | 21,100 | 184,836 | ||||||
JDS Uniphase Corp.1 | 290,400 | 3,174,072 | ||||||
ParkerVision, Inc.1,2 | 4,800 | 52,512 | ||||||
Plantronics, Inc. | 87,400 | 2,128,190 |
F11 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
Shares | Value | |||||||
Communications Equipment Continued | ||||||||
Polycom, Inc.1 | 61,000 | $ | 1,439,600 | |||||
Powerwave Technologies, Inc.1 | 148,300 | 608,030 | ||||||
QUALCOMM, Inc. | 278,000 | 15,384,520 | ||||||
SeaChange International, Inc.1 | 54,000 | 400,680 | ||||||
Tekelec, Inc.1 | 83,200 | 1,297,088 | ||||||
Tellabs, Inc.1 | 478,000 | 2,456,920 | ||||||
75,910,266 | ||||||||
Computers & Peripherals—5.2% | ||||||||
3PAR, Inc.1 | 30,000 | 245,100 | ||||||
Adaptec, Inc.1 | 31,400 | 114,610 | ||||||
Apple, Inc.1 | 162,400 | 25,813,480 | ||||||
Avid Technology, Inc.1 | 4,100 | 90,651 | ||||||
Electronics for Imaging, Inc.1 | 37,300 | 522,573 | ||||||
EMC Corp.1 | 324,700 | 4,873,747 | ||||||
Hewlett-Packard Co. | 1,139,000 | 51,027,200 | ||||||
Imation Corp. | 26,000 | 495,560 | ||||||
Intermec, Inc.1 | 10,600 | 199,492 | ||||||
International Business Machines Corp. | 403,200 | 51,601,536 | ||||||
Lexmark International, Inc., Cl. A1 | 104,300 | 3,658,844 | ||||||
NCR Corp.1 | 150,000 | 4,029,000 | ||||||
Netezza Corp.1 | 26,700 | 347,100 | ||||||
QLogic Corp.1 | 110,700 | 2,085,588 | ||||||
SanDisk Corp.1 | 180,500 | 2,545,050 | ||||||
Seagate Technology | 276,800 | 4,143,696 | ||||||
STEC, Inc.1,2 | 58,000 | 580,000 | ||||||
Sun Microsystems, Inc.1 | 276,800 | 2,942,384 | ||||||
Synaptics, Inc.1,2 | 31,000 | 1,494,820 | ||||||
Western Digital Corp.1 | 133,200 | 3,834,828 | ||||||
Xyratex Ltd.1 | 22,400 | 331,968 | ||||||
160,977,227 | ||||||||
Electronic Equipment & Instruments—1.8% | ||||||||
Agilent Technologies, Inc.1 | 230,600 | 8,315,436 | ||||||
Amphenol Corp., Cl. A | 104,600 | 4,986,282 | ||||||
Arrow Electronics, Inc.1 | 121,100 | 3,901,842 | ||||||
Avnet, Inc.1 | 149,920 | 4,086,819 | ||||||
AVX Corp. | 86,300 | 869,041 | ||||||
Benchmark Electronics, Inc.1 | 81,500 | 1,193,160 | ||||||
Cogent, Inc.1 | 41,700 | 422,838 | ||||||
Cognex Corp. | 45,100 | 850,135 | ||||||
Coherent, Inc.1 | 32,900 | 1,135,050 | ||||||
CTS Corp. | 12,400 | 159,464 | ||||||
DTS, Inc.1 | 18,400 | 526,056 | ||||||
Gerber Scientific, Inc.1 | 7,800 | 92,586 | ||||||
Ingram Micro, Inc., Cl. A1 | 193,100 | 3,558,833 | ||||||
IPG Photonics Corp.1 | 5,900 | 104,784 | ||||||
Jabil Circuit, Inc. | 240,400 | 3,908,904 | ||||||
Molex, Inc. | 144,900 | 3,554,397 | ||||||
MTS Systems Corp. | 16,500 | 691,185 | ||||||
Multi-Fineline Electronix, Inc.1 | 25,000 | 667,000 | ||||||
National Instruments Corp. | 68,400 | 2,329,020 | ||||||
Newport Corp.1 | 26,100 | 273,789 | ||||||
OSI Systems, Inc.1 | 6,900 | 145,383 | ||||||
PC Connection, Inc.1 | 9,600 | 68,832 | ||||||
Plexus Corp.1 | 56,852 | 1,620,282 | ||||||
Rofin-Sinar Technologies, Inc.1 | 3,840 | 130,022 | ||||||
Rogers Corp.1 | 8,300 | 342,873 | ||||||
SYNNEX Corp.1 | 28,000 | 654,080 | ||||||
Tech Data Corp.1 | 41,000 | 1,429,670 | ||||||
Technitrol, Inc. | 45,400 | 636,508 | ||||||
Trimble Navigation Ltd.1 | 107,100 | 3,555,720 | ||||||
TTM Technologies, Inc.1 | 45,600 | 513,000 | ||||||
Tyco Electronics Ltd. | 114,500 | 3,794,530 | ||||||
Vishay Intertechnology, Inc.1 | 126,390 | 1,133,718 | ||||||
55,651,239 |
F12 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
Shares | Value | |||||||
Internet Software & Services—0.6% | ||||||||
Google, Inc., Cl. A1 | 31,595 | $ | 14,968,131 | |||||
j2 Global Communications, Inc.1 | 52,700 | 1,263,219 | ||||||
National Information Consortium, Inc. | 26,300 | 191,990 | ||||||
Open Text Corp.1,2 | 66,450 | 2,067,260 | ||||||
RealNetworks, Inc.1 | 21,600 | 148,392 | ||||||
S1 Corp.1 | 57,200 | 464,464 | ||||||
United Online, Inc. | 25,700 | 279,102 | ||||||
Vignette Corp.1 | 13,500 | 152,010 | ||||||
19,534,568 | ||||||||
IT Services—1.1% | ||||||||
Acxiom Corp. | 14,500 | 186,180 | ||||||
Affiliated Computer Services, Inc., Cl. A1 | 75,800 | 3,653,560 | ||||||
Broadridge Financial Solutions, Inc. | 141,200 | 2,922,840 | ||||||
CIBER, Inc.1 | 56,500 | 399,455 | ||||||
Computer Sciences Corp.1 | 99,410 | 4,709,052 | ||||||
Convergys Corp.1 | 105,500 | 1,339,850 | ||||||
Electronic Data Systems Corp. | 233,700 | 5,798,097 | ||||||
Forrester Research, Inc.1 | 15,300 | 515,610 | ||||||
Gartner, Inc.1 | 65,600 | 1,598,016 | ||||||
Global Cash Access, Inc.1 | 38,800 | 232,412 | ||||||
Hewitt Associates, Inc.1 | 94,600 | 3,486,010 | ||||||
Integral Systems, Inc. | 15,400 | 724,262 | ||||||
Metavante Technologies, Inc. | 9,700 | 215,922 | ||||||
Perot Systems Corp., Cl. A1 | 68,500 | 1,145,320 | ||||||
RightNow Technologies, Inc.1 | 27,900 | 448,911 | ||||||
TeleTech Holdings, Inc.1 | 32,000 | 435,200 | ||||||
Visa, Inc., Cl. A1 | 83,340 | 6,088,820 | ||||||
33,899,517 | ||||||||
Office Electronics—0.6% | ||||||||
Xerox Corp. | 1,282,100 | 17,487,844 | ||||||
Zebra Technologies Corp., Cl. A1 | 68,800 | 2,119,728 | ||||||
19,607,572 | ||||||||
Semiconductors & Semiconductor Equipment—5.1% | ||||||||
Actel Corp.1 | 36,100 | 496,375 | ||||||
Altera Corp. | 205,800 | 4,517,310 | ||||||
Amkor Technology, Inc.1 | 149,520 | 1,309,795 | ||||||
Analog Devices, Inc. | 161,950 | 4,941,095 | ||||||
Applied Materials, Inc. | 1,459,500 | 25,278,540 | ||||||
Atmel Corp.1 | 314,600 | 1,110,538 | ||||||
Cabot Microelectronics Corp.1 | 49,000 | 1,912,960 | ||||||
Cymer, Inc.1 | 18,000 | 476,820 | ||||||
Entegris, Inc.1 | 140,600 | 889,998 | ||||||
Fairchild Semiconductor International, Inc., Cl. A1 | 116,300 | 1,413,045 | ||||||
Integrated Device Technology, Inc.1 | 151,400 | 1,517,028 | ||||||
Intel Corp. | 2,403,400 | 53,331,446 | ||||||
Intersil Corp., Cl. A | 142,900 | 3,448,177 | ||||||
KLA-Tencor Corp.2 | 112,700 | 4,236,393 | ||||||
Lattice Semiconductor Corp.1 | 205,700 | 497,794 | ||||||
Linear Technology Corp. | 141,600 | 4,396,680 | ||||||
LSI Corp.1 | 601,900 | 4,177,186 | ||||||
Marvell Technology Group Ltd.1 | 296,700 | 4,388,193 | ||||||
Micrel, Inc. | 65,800 | 626,416 | ||||||
MKS Instruments, Inc.1 | 111,800 | 2,303,080 | ||||||
Monolithic Power Systems, Inc.1 | 26,700 | 580,725 | ||||||
National Semiconductor Corp. | 193,900 | 4,062,205 |
F13 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
Shares | Value | |||||||
Semiconductors & Semiconductor Equipment Continued | ||||||||
Pericom Semiconductor Corp.1 | 42,300 | $ | 603,198 | |||||
Semtech Corp.1 | 164,390 | 2,395,162 | ||||||
Silicon Image, Inc.1 | 5,100 | 35,751 | ||||||
Teradyne, Inc.1 | 294,600 | 2,760,402 | ||||||
Texas Instruments, Inc. | 1,055,700 | 25,737,966 | ||||||
Ultratech, Inc.1 | 37,600 | 554,224 | ||||||
Veeco Instruments, Inc.1 | 17,100 | 278,388 | ||||||
Volterra Semiconductor Corp.1 | 38,200 | 626,480 | ||||||
Xilinx, Inc.2 | 26,200 | 650,546 | ||||||
159,553,916 | ||||||||
Software—5.2% | ||||||||
Activision Blizzard, Inc.1 | 80,000 | 2,878,400 | ||||||
Amdocs Ltd.1 | 141,100 | 4,290,851 | ||||||
Ansys, Inc.1 | 25,600 | 1,174,528 | ||||||
Aspen Technology, Inc.1 | 49,620 | 659,946 | ||||||
Autodesk, Inc.1 | 135,300 | 4,314,717 | ||||||
BMC Software, Inc.1 | 72,930 | 2,398,668 | ||||||
Bottomline Technologies, Inc.1 | 8,600 | 102,942 | ||||||
CA, Inc. | 403,400 | 9,625,124 | ||||||
Cadence Design Systems, Inc.1 | 326,700 | 2,414,313 | ||||||
Check Point Software Technologies Ltd.1 | 117,700 | 2,687,091 | ||||||
Compuware Corp.1 | 359,700 | 3,956,700 | ||||||
EPIQ Systems, Inc.1 | 10,500 | 122,640 | ||||||
Fair Isaac Corp. | 16,600 | 369,516 | ||||||
Intuit, Inc.1 | 183,000 | 5,001,390 | ||||||
JDA Software Group, Inc.1 | 31,400 | 535,998 | ||||||
Lawson Software, Inc.1 | 89,200 | 723,412 | ||||||
Manhattan Associates, Inc.1 | 24,600 | 603,684 | ||||||
MICROS Systems, Inc.1 | 12,340 | 390,931 | ||||||
Microsoft Corp. | 2,649,046 | 68,133,463 | ||||||
MicroStrategy, Inc., Cl. A1 | 10,500 | 634,620 | ||||||
Net 1 UEPS Technologies, Inc.1 | 68,700 | 1,619,946 | ||||||
Oracle Corp.1 | 677,200 | 14,580,116 | ||||||
Pegasystems, Inc. | 7,400 | 109,742 | ||||||
Progress Software Corp.1 | 23,700 | 697,491 | ||||||
Quest Software, Inc.1 | 48,300 | 729,813 | ||||||
Secure Computing Corp.1 | 78,300 | 307,719 | ||||||
SPSS, Inc.1 | 6,100 | 201,605 | ||||||
Sybase, Inc.1 | 110,400 | 3,710,544 | ||||||
Symantec Corp.1 | 1,197,000 | 25,220,790 | ||||||
Synopsys, Inc.1 | 104,200 | 2,502,884 | ||||||
TIBCO Software, Inc.1 | 198,000 | 1,625,580 | ||||||
Wind River Systems, Inc.1 | 73,500 | 862,155 | ||||||
163,187,319 | ||||||||
Materials—7.3% | ||||||||
Chemicals—2.9% | ||||||||
Calgon Carbon Corp.1,2 | 39,700 | 754,300 | ||||||
Celanese Corp., Series A | 87,775 | 3,381,971 | ||||||
CF Industries Holdings, Inc. | 32,500 | 5,312,450 | ||||||
Chemtura Corp. | 206,300 | 1,345,076 | ||||||
Cytec Industries, Inc. | 35,400 | 1,913,724 | ||||||
Dow Chemical Co. (The) | 154,500 | 5,146,395 | ||||||
Ferro Corp. | 32,700 | 711,552 | ||||||
FMC Corp. | 24,000 | 1,784,880 | ||||||
Fuller (H.B.) Co. | 56,100 | 1,402,500 | ||||||
Hercules, Inc. | 161,400 | 3,236,070 | ||||||
Innophos Holdings, Inc. | 20,800 | 610,896 | ||||||
Koppers Holdings, Inc. | 19,700 | 851,237 |
F14 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
Shares | Value | |||||||
Chemicals Continued | ||||||||
Minerals Technologies, Inc. | 20,100 | $ | 1,296,651 | |||||
Monsanto Co. | 254,400 | 30,301,584 | ||||||
Mosaic Co. (The)1 | 92,700 | 11,792,367 | ||||||
Nalco Holding Co. | 157,600 | 3,703,600 | ||||||
NewMarket Corp. | 15,800 | 975,808 | ||||||
NOVA Chemicals Corp. | 52,000 | 1,325,480 | ||||||
Olin Corp. | 69,600 | 2,069,904 | ||||||
PolyOne Corp.1 | 86,500 | 648,750 | ||||||
Quaker Chemical Corp. | 17,900 | 534,852 | ||||||
RPM International, Inc. | 159,700 | 3,273,850 | ||||||
Schulman (A.), Inc. | 8,900 | 206,747 | ||||||
Scotts Miracle-Gro Co. (The), Cl. A | 32,200 | 627,256 | ||||||
Stepan Co. | 2,500 | 143,400 | ||||||
Terra Industries, Inc. | 81,910 | 4,423,140 | ||||||
Valhi, Inc. | 8,100 | 185,166 | ||||||
Valspar Corp. (The) | 82,900 | 1,796,443 | ||||||
Westlake Chemical Corp. | 28,100 | 492,031 | ||||||
Zep, Inc. | 21,800 | 372,126 | ||||||
90,620,206 | ||||||||
Containers & Packaging—0.7% | ||||||||
AptarGroup, Inc. | 20,000 | 774,000 | ||||||
Ball Corp. | 25,300 | 1,127,874 | ||||||
Crown Holdings, Inc.1 | 142,800 | 4,002,684 | ||||||
Greif, Inc., Cl. A | 51,700 | 3,145,428 | ||||||
Owens-Illinois, Inc.1 | 106,200 | 4,485,888 | ||||||
Rock-Tenn Co., Cl. A | 74,330 | 2,642,432 | ||||||
Sealed Air Corp. | 176,800 | 3,836,560 | ||||||
Sonoco Products Co. | 109,200 | 3,562,104 | ||||||
23,576,970 | ||||||||
Metals & Mining—3.6% | ||||||||
A. M. Castle & Co. | 23,400 | 473,616 | ||||||
AK Steel Holding Corp.2 | 77,030 | 4,891,405 | ||||||
Alcoa, Inc. | 708,100 | 23,898,375 | ||||||
Freeport-McMoRan Copper & Gold, Inc., Cl. B2 | 284,400 | 27,515,700 | ||||||
Kaiser Aluminum Corp. | 22,500 | 1,186,875 | ||||||
Newmont Mining Corp. | 31,900 | 1,529,924 | ||||||
Nucor Corp. | 381,500 | 21,829,430 | ||||||
Olympic Steel, Inc. | 13,100 | 666,135 | ||||||
Reliance Steel & Aluminum Co. | 58,100 | 3,669,596 | ||||||
Schnitzer Steel Industries, Inc. | 44,100 | 3,979,584 | ||||||
Southern Copper Corp.2 | 633,900 | 17,609,742 | ||||||
United States Steel Corp. | 25,155 | 4,033,856 | ||||||
Worthington Industries, Inc. | 138,100 | 2,449,894 | ||||||
113,734,132 | ||||||||
Paper & Forest Products—0.1% | ||||||||
Deltic Timber Corp. | 10,300 | 626,961 | ||||||
Domtar Corp.1 | 166,200 | 947,340 | ||||||
Glatfelter | 24,400 | 356,728 | ||||||
Mercer International, Inc.1 | 9,500 | 59,090 | ||||||
1,990,119 | ||||||||
Telecommunication Services—3.0% | ||||||||
Diversified Telecommunication Services—1.9% | ||||||||
AT&T, Inc. | 1,109,000 | 34,168,290 | ||||||
Embarq Corp. | 100,200 | 4,586,154 | ||||||
Iowa Telecommunications Services, Inc. | 34,600 | 641,484 | ||||||
NTELOS Holdings Corp. | 29,500 | 705,345 | ||||||
Premiere Global Services, Inc.1 | 99,000 | 1,495,890 |
F15 | OPPENHEIMER MAIN STREET OPPORTUNITY FUND
Shares | Value | |||||||
Diversified Telecommunication Services Continued | ||||||||
Verizon Communications, Inc. | 418,400 | $ | 14,242,336 | |||||
Windstream Corp. | 330,900 | 3,944,328 | ||||||
59,783,827 | ||||||||
Wireless Telecommunication Services—1.1% | ||||||||
Centennial Communications Corp.1 | 83,700 | 672,948 | ||||||
Clearwire Corp., Cl. A1 | 41,800 | 411,312 | ||||||
iPCS, Inc.1 | 19,000 | 511,100 | ||||||
MetroPCS Communications, Inc.1 | 159,400 | 2,650,822 | ||||||
Sprint Nextel Corp. | 2,946,200 | 23,982,068 | ||||||
Syniverse Holdings, Inc.1 | 148,665 | 2,408,373 | ||||||
Telephone & Data Systems, Inc. | 83,900 | 3,557,360 | ||||||
United States Cellular Corp.1 | 23,300 | 1,389,845 | ||||||
35,583,828 | ||||||||
Utilities—1.7% | ||||||||
Electric Utilities—1.2% | ||||||||
American Electric Power Co., Inc. | 44,600 | 1,761,700 | ||||||
DPL, Inc. | 128,600 | 3,263,868 | ||||||
Duke Energy Corp.2 | 1,056,900 | 18,580,302 | ||||||
Edison International, Inc. | 22,200 | 1,073,148 | ||||||
FirstEnergy Corp. | 153,100 | 11,260,505 | ||||||
Sierra Pacific Resources | 112,800 | 1,279,152 | ||||||
UIL Holdings Corp. | 10,400 | 325,312 | ||||||
37,543,987 | ||||||||
Energy Traders—0.2% | ||||||||
Mirant Corp.1 | 123,800 | 3,789,518 | ||||||
Reliant Energy, Inc.1 | 208,070 | 3,768,148 | ||||||
7,557,666 | ||||||||
Gas Utilities—0.1% | ||||||||
Laclede Group, Inc. (The) | 28,600 | 1,212,926 | ||||||
South Jersey Industries, Inc. | 4,500 | 167,850 | ||||||
WGL Holdings, Inc. | 43,500 | 1,502,055 | ||||||
2,882,831 | ||||||||
Multi-Utilities—0.2% | ||||||||
Avista Corp. | 58,100 | 1,314,222 | ||||||
Integrys Energy Group, Inc. | 72,400 | 3,696,744 | ||||||
5,010,966 | ||||||||
Water Utilities—0.0% | ||||||||
SJW Corp. | 14,500 | 375,693 | ||||||
Total Common Stocks (Cost 3,027,304,347) | 3,117,167,459 | |||||||
Investment Company—0.2% | ||||||||
Oppenheimer Institutional Money Market Fund, Cl. E, 2.67%3,4 (Cost $5,173,202) | 5,173,202 | 5,173,202 | ||||||
Total Investments, at Value (excluding Investments Purchased with Cash Collateral from Securities Loaned) (Cost $3,032,477,549) | 3,122,340,661 | |||||||
Investments Purchased with Cash Collateral from Securities Loaned—6.0%5 | ||||||||
OFI Liquid Assets Fund, LLC, 2.48%3,4 (Cost $188,263,600) | 188,263,600 | 188,263,600 | ||||||
Total Investments, at Value (Cost $3,220,741,149) | 105.8 | % | 3,310,604,261 | |||||
Liabilities in Excess of Other Assets | (5.8 | ) | (181,545,942 | ) | ||||
Net Assets | 100.0 | % | $ | 3,129,058,319 | ||||
1. | Non-income producing security. | |
2. | Partial or fully-loaned security. See Note 7 of accompanying Notes. | |
3. | Is or was an affiliate, as defined in the Investment Company Act of 1940, at or during the period ended July 31, 2008, 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: |
Shares | Gross | Gross | Shares | |||||||||||||
July 31, 2007 | Additions | Reductions | July 31, 2008 | |||||||||||||
OFI Liquid Assets Fund, LLC | — | 251,222,425 | 62,958,825 | 188,263,600 | ||||||||||||
Oppenheimer Institutional Money Market Fund, Cl. E | 43,273,511 | 769,040,902 | 807,141,211 | 5,173,202 |
Dividend | ||||||||
Value | Income | |||||||
OFI Liquid Assets Fund, LLC | $ | 188,263,600 | $ | 48,479 | * | |||
Oppenheimer Institutional Money Market Fund, Cl. E | 5,173,202 | 737,441 | ||||||
$ | 193,436,802 | $ | 785,920 | |||||
* | Net of compensation to counterparties. | |
4. | Rate shown is the 7-day yield as of July 31, 2008. | |
5. | The security/securities have been segregated to satisfy the forward commitment to return the cash collateral received in securities lending transactions upon the borrower’s return of the securities loaned. See Note 7 of accompanying Notes. |
Assets | ||||
Investments, at value—see accompanying statement of investments: | ||||
Unaffiliated companies (cost $3,027,304,347) | $ | 3,117,167,459 | ||
Affiliated companies (cost $193,436,802) | 193,436,802 | |||
3,310,604,261 | ||||
Cash | 137,620 | |||
Receivables and other assets: | ||||
Investments sold | 9,944,250 | |||
Dividends | 2,589,740 | |||
Shares of beneficial interest sold | 1,036,347 | |||
Other | 82,490 | |||
Total assets | 3,324,394,708 | |||
Liabilities | ||||
Return of collateral for securities loaned | 188,263,600 | |||
Payables and other liabilities: | ||||
Shares of beneficial interest redeemed | 5,286,112 | |||
Transfer and shareholder servicing agent fees | 635,132 | |||
Distribution and service plan fees | 588,087 | |||
Shareholder communications | 396,523 | |||
Investments purchased | 87,736 | |||
Trustees’ compensation | 22,749 | |||
Other | 56,450 | |||
Total liabilities | 195,336,389 | |||
Net Assets | $ | 3,129,058,319 | ||
Composition of Net Assets | ||||
Par value of shares of beneficial interest | $ | 265,562 | ||
Additional paid-in capital | 3,327,633,639 | |||
Accumulated net investment loss | (35,382 | ) | ||
Accumulated net realized loss on investments and foreign currency transactions | (288,668,612 | ) | ||
Net unrealized appreciation on investments and translation of assets and liabilities denominated in foreign currencies | 89,863,112 | |||
Net Assets | $ | 3,129,058,319 | ||
Net Asset Value Per Share | ||||
Class A Shares: | ||||
Net asset value and redemption price per share (based on net assets of $1,853,930,631 and 155,782,906 shares of beneficial interest outstanding) | $ | 11.90 | ||
Maximum offering price per share (net asset value plus sales charge of 5.75% of offering price) | $ | 12.63 | ||
Class B Shares: | ||||
Net asset value, redemption price (excludes applicable contingent deferred sales charge) and offering price per share (based on net assets of $307,835,664 and 27,109,314 shares of beneficial interest outstanding) | $ | 11.36 | ||
Class C Shares: | ||||
Net asset value, redemption price (excludes applicable contingent deferred sales charge) and offering price per share (based on net assets of $479,789,147 and 42,036,488 shares of beneficial interest outstanding) | $ | 11.41 | ||
Class N Shares: | ||||
Net asset value, redemption price (excludes applicable contingent deferred sales charge) and offering price per share (based on net assets of $129,854,730 and 11,108,047 shares of beneficial interest outstanding) | $ | 11.69 | ||
Class Y Shares: | ||||
Net asset value, redemption price and offering price per share (based on net assets of $357,648,147 and 29,525,670 shares of beneficial interest outstanding) | $ | 12.11 |
Investment Income | ||||
Dividends: | ||||
Unaffiliated companies (net of foreign withholding taxes of $3,387) | $ | 67,416,446 | ||
Affiliated companies | 737,441 | |||
Interest | 79,882 | |||
Portfolio lending fees: | ||||
Unaffiliated companies | 997,075 | |||
Affiliated companies | 48,479 | |||
Other income | 47,513 | |||
Total investment income | 69,326,836 | |||
Expenses | ||||
Management fees | 23,784,876 | |||
Distribution and service plan fees: | ||||
Class A | 5,659,750 | |||
Class B | 4,188,987 | |||
Class C | 6,042,001 | |||
Class N | 708,490 | |||
Transfer and shareholder servicing agent fees: | ||||
Class A | 5,077,875 | |||
Class B | 951,681 | |||
Class C | 1,065,509 | |||
Class N | 402,580 | |||
Class Y | 200,572 | |||
Shareholder communications: | ||||
Class A | 570,757 | |||
Class B | 164,768 | |||
Class C | 130,224 | |||
Class N | 16,991 | |||
Class Y | 7,136 | |||
Trustees’ compensation | 75,218 | |||
Custodian fees and expenses | 53,283 | |||
Administration service fees | 1,500 | |||
Other | 94,962 | |||
Total expenses | 49,197,160 | |||
Less reduction to custodian expenses | (12,522 | ) | ||
Less waivers and reimbursements of expenses | (16,659 | ) | ||
Net expenses | 49,167,979 | |||
Net Investment Income | 20,158,857 |
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investments from unaffiliated companies | $ | (128,825,969 | ) | |
Foreign currency transactions | 369,159 | |||
Net realized loss | (128,456,810 | ) | ||
Net change in unrealized depreciation on: | ||||
Investments | (433,073,227 | ) | ||
Translation of assets and liabilities denominated in foreign currencies | (265,549 | ) | ||
Net change in unrealized appreciation | (433,338,776 | ) | ||
Net Decrease in Net Assets Resulting from Operations | $ | (541,636,729 | ) | |
Year Ended July 31, | 2008 | 2007 | ||||||
Operations | ||||||||
Net investment income | $ | 20,158,857 | $ | 25,254,621 | ||||
Net realized gain (loss) | (128,456,810 | ) | 349,776,644 | |||||
Net change in unrealized appreciation | (433,338,776 | ) | 187,159,398 | |||||
Net increase (decrease) in net assets resulting from operations | (541,636,729 | ) | 562,190,663 | |||||
Dividends and/or Distributions to Shareholders | ||||||||
Dividends from net investment income: | ||||||||
Class A | (19,963,759 | ) | (15,611,867 | ) | ||||
Class B | — | — | ||||||
Class C | (928,338 | ) | — | |||||
Class N | (861,600 | ) | (371,142 | ) | ||||
Class Y | (4,685,142 | ) | (2,046,080 | ) | ||||
(26,438,839 | ) | (18,029,089 | ) | |||||
Distributions from net realized gain: | ||||||||
Class A | (234,140,201 | ) | (119,664,284 | ) | ||||
Class B | (46,049,006 | ) | (23,602,300 | ) | ||||
Class C | (64,871,091 | ) | (28,105,581 | ) | ||||
Class N | (14,111,801 | ) | (5,070,143 | ) | ||||
Class Y | (35,634,158 | ) | (9,896,262 | ) | ||||
(394,806,257 | ) | (186,338,570 | ) | |||||
Beneficial Interest Transactions | ||||||||
Net increase (decrease) in net assets resulting from beneficial interest transactions: | ||||||||
Class A | (139,003,616 | ) | 50,288,663 | |||||
Class B | (98,042,332 | ) | (12,981,168 | ) | ||||
Class C | (46,267,505 | ) | 89,231,682 | |||||
Class N | 24,305,896 | 41,153,724 | ||||||
Class Y | 109,343,158 | 173,040,825 | ||||||
(149,664,399 | ) | 340,733,726 | ||||||
Net Assets | ||||||||
Total increase (decrease) | (1,112,546,224 | ) | 698,556,730 | |||||
Beginning of period | 4,241,604,543 | 3,543,047,813 | ||||||
End of period (including accumulated net investment income (loss) of $(35,382) and $15,774,642, respectively) | $ | 3,129,058,319 | $ | 4,241,604,543 | ||||
Class A Year Ended July 31, | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||
Per Share Operating Data | ||||||||||||||||||||
Net asset value, beginning of period | $ | 15.35 | $ | 14.04 | $ | 13.58 | $ | 12.69 | $ | 10.70 | ||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | .10 | 1 | .12 | 1 | .09 | 1 | .12 | 1 | (.02 | ) | ||||||||||
Net realized and unrealized gain (loss) | (1.98 | ) | 1.94 | .91 | 1.86 | 2.01 | ||||||||||||||
Total from investment operations | (1.88 | ) | 2.06 | 1.00 | 1.98 | 1.99 | ||||||||||||||
Dividends and/or distributions to shareholders: | ||||||||||||||||||||
Dividends from net investment income | (.12 | ) | (.09 | ) | (.07 | ) | (.08 | ) | — | |||||||||||
Distributions from net realized gain | (1.45 | ) | (.66 | ) | (.47 | ) | (1.01 | ) | — | |||||||||||
Total dividends and/or distributions to shareholders | (1.57 | ) | (.75 | ) | (.54 | ) | (1.09 | ) | — | |||||||||||
Net asset value, end of period | $ | 11.90 | $ | 15.35 | $ | 14.04 | $ | 13.58 | $ | 12.69 | ||||||||||
Total Return, at Net Asset Value2 | (13.62 | )% | 14.87 | % | 7.51 | % | 16.16 | % | 18.60 | % | ||||||||||
Ratios/Supplemental Data | ||||||||||||||||||||
Net assets, end of period (in thousands) | $ | 1,853,930 | $ | 2,566,678 | $ | 2,284,257 | $ | 1,844,002 | $ | 1,213,822 | ||||||||||
Average net assets (in thousands) | $ | 2,282,800 | $ | 2,691,156 | $ | 2,044,335 | $ | 1,490,786 | $ | 892,462 | ||||||||||
Ratios to average net assets:3 | ||||||||||||||||||||
Net investment income | 0.69 | % | 0.80 | % | 0.68 | % | 0.90 | % | 0.11 | % | ||||||||||
Total expenses | 1.12 | %4,5,6 | 1.06 | %4,5,6 | 1.08 | %5 | 1.11 | %5 | 1.17 | %5,7 | ||||||||||
Portfolio turnover rate | 146 | % | 123 | % | 107 | % | 107 | % | 134 | % |
1. | Per share amounts calculated based on the average shares outstanding during the period. | |
2. | Assumes an 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. | |
3. | Annualized for periods less than one full year. | |
4. | Total expenses including indirect expenses from affiliated fund were as follows: |
Year Ended July 31, 2008 | 1.12 | % | ||
Year Ended July 31, 2007 | 1.06 | % |
5. | Reduction to custodian expenses less than 0.005%. | |
6. | Waiver or reimbursement of indirect management fees less than 0.005%. | |
7. | Voluntary waiver of transfer agent fees less than 0.005%. |
Class B Year Ended July 31, | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||
Per Share Operating Data | ||||||||||||||||||||
Net asset value, beginning of period | $ | 14.71 | $ | 13.50 | $ | 13.11 | $ | 12.31 | $ | 10.47 | ||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | (.01 | )1 | — | 1,2 | (.02 | )1 | .01 | 1 | (.07 | ) | ||||||||||
Net realized and unrealized gain (loss) | (1.89 | ) | 1.87 | .88 | 1.80 | 1.91 | ||||||||||||||
Total from investment operations | (1.90 | ) | 1.87 | .86 | 1.81 | 1.84 | ||||||||||||||
Dividends and/or distributions to shareholders: | ||||||||||||||||||||
Dividends from net investment income | — | — | — | — | — | |||||||||||||||
Distributions from net realized gain | (1.45 | ) | (.66 | ) | (.47 | ) | (1.01 | ) | — | |||||||||||
Total dividends and/or distributions to shareholders | (1.45 | ) | (.66 | ) | (.47 | ) | (1.01 | ) | — | |||||||||||
Net asset value, end of period | $ | 11.36 | $ | 14.71 | $ | 13.50 | $ | 13.11 | $ | 12.31 | ||||||||||
Total Return, at Net Asset Value3 | (14.29 | )% | 14.03 | % | 6.64 | % | 15.17 | % | 17.57 | % | ||||||||||
Ratios/Supplemental Data | ||||||||||||||||||||
Net assets, end of period (in thousands) | $ | 307,836 | $ | 510,881 | $ | 479,198 | $ | 434,456 | $ | 366,608 | ||||||||||
Average net assets (in thousands) | $ | 418,258 | $ | 525,389 | $ | 455,267 | $ | 403,468 | $ | 321,870 | ||||||||||
Ratios to average net assets:4 | ||||||||||||||||||||
Net investment income (loss) | (0.07 | )% | (0.01 | )% | (0.15 | )% | 0.06 | % | (0.76 | )% | ||||||||||
Total expenses | 1.90 | %5,6,7 | 1.87 | %5,6,7 | 1.91 | %6 | 1.95 | %6 | 2.01 | %6,8 | ||||||||||
Portfolio turnover rate | 146 | % | 123 | % | 107 | % | 107 | % | 134 | % |
1. | Per share amounts calculated based on the average shares outstanding during the period. | |
2. | Less than $0.005 per share. | |
3. | Assumes an 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. | Total expenses including indirect expenses from affiliated fund were as follows: |
Year Ended July 31, 2008 | 1.90 | % | ||
Year Ended July 31, 2007 | 1.87 | % |
6. | Reduction to custodian expenses less than 0.005%. | |
7. | Waiver or reimbursement of indirect management fees less than 0.005%. | |
8. | Voluntary waiver of transfer agent fees less than 0.005%. |
Class C Year Ended July 31, | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||
Per Share Operating Data | ||||||||||||||||||||
Net asset value, beginning of period | $ | 14.78 | $ | 13.56 | $ | 13.16 | $ | 12.34 | $ | 10.48 | ||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | — | 1,2 | .01 | 1 | (.01 | )1 | .02 | 1 | (.05 | ) | ||||||||||
Net realized and unrealized gain (loss) | (1.90 | ) | 1.87 | .88 | 1.81 | 1.91 | ||||||||||||||
Total from investment operations | (1.90 | ) | 1.88 | .87 | 1.83 | 1.86 | ||||||||||||||
Dividends and/or distributions to shareholders: | ||||||||||||||||||||
Dividends from net investment income | (.02 | ) | — | — | — | — | ||||||||||||||
Distributions from net realized gain | (1.45 | ) | (.66 | ) | (.47 | ) | (1.01 | ) | — | |||||||||||
Total dividends and/or distributions to shareholders | (1.47 | ) | (.66 | ) | (.47 | ) | (1.01 | ) | — | |||||||||||
Net asset value, end of period | $ | 11.41 | $ | 14.78 | $ | 13.56 | $ | 13.16 | $ | 12.34 | ||||||||||
Total Return, at Net Asset Value3 | (14.24 | )% | 14.04 | % | 6.69 | % | 15.30 | % | 17.75 | % | ||||||||||
Ratios/Supplemental Data | ||||||||||||||||||||
Net assets, end of period (in thousands) | $ | 479,789 | $ | 680,871 | $ | 539,720 | $ | 448,492 | $ | 348,928 | ||||||||||
Average net assets (in thousands) | $ | 604,615 | $ | 641,709 | $ | 489,988 | $ | 404,242 | $ | 289,046 | ||||||||||
Ratios to average net assets:4 | ||||||||||||||||||||
Net investment income (loss) | (0.01 | )% | 0.05 | % | (0.07 | )% | 0.16 | % | (0.63 | )% | ||||||||||
Total expenses | 1.83 | %5,6,7 | 1.80 | %5,6,7 | 1.83 | %6 | 1.85 | %6 | 1.89 | %6,8 | ||||||||||
Portfolio turnover rate | 146 | % | 123 | % | 107 | % | 107 | % | 134 | % |
1. | Per share amounts calculated based on the average shares outstanding during the period. | |
2. | Less than $0.005 per share. | |
3. | Assumes an 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. | Total expenses including indirect expenses from affiliated fund were as follows: |
Year Ended July 31, 2008 | 1.83 | % | ||
Year Ended July 31, 2007 | 1.80 | % |
6. | Reduction to custodian expenses less than 0.005%. | |
7. | Waiver or reimbursement of indirect management fees less than 0.005%. | |
8. | Voluntary waiver of transfer agent fees less than 0.005%. |
Class N Year Ended July 31, | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||
Per Share Operating Data | ||||||||||||||||||||
Net asset value, beginning of period | $ | 15.12 | $ | 13.84 | $ | 13.40 | $ | 12.56 | $ | 10.62 | ||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income (loss) | .05 | 1 | .07 | 1 | .04 | 1 | .061 | (.04 | ) | |||||||||||
Net realized and unrealized gain (loss) | (1.94 | ) | 1.92 | .90 | 1.84 | 1.98 | ||||||||||||||
Total from investment operations | (1.89 | ) | 1.99 | .94 | 1.90 | 1.94 | ||||||||||||||
Dividends and/or distributions to shareholders: | ||||||||||||||||||||
Dividends from net investment income | (.09 | ) | (.05 | ) | (.03 | ) | (.05 | ) | — | |||||||||||
Distributions from net realized gain | (1.45 | ) | (.66 | ) | (.47 | ) | (1.01 | ) | — | |||||||||||
Total dividends and/or distributions to shareholders | (1.54 | ) | (.71 | ) | (.50 | ) | (1.06 | ) | — | |||||||||||
Net asset value, end of period | $ | 11.69 | $ | 15.12 | $ | 13.84 | $ | 13.40 | $ | 12.56 | ||||||||||
Total Return, at Net Asset Value2 | (13.91 | )% | 14.57 | % | 7.09 | % | 15.62 | % | 18.27 | % | ||||||||||
Ratios/Supplemental Data | ||||||||||||||||||||
Net assets, end of period (in thousands) | $ | 129,855 | $ | 141,253 | $ | 90,293 | $ | 58,243 | $ | 33,665 | ||||||||||
Average net assets (in thousands) | $ | 141,529 | $ | 123,744 | $ | 73,232 | $ | 46,600 | $ | 22,846 | ||||||||||
Ratios to average net assets:3 | ||||||||||||||||||||
Net investment income (loss) | 0.38 | % | 0.45 | % | 0.30 | % | 0.46 | % | (0.28 | )% | ||||||||||
Total expenses | 1.43 | %4 | 1.39 | %4 | 1.45 | % | 1.54 | % | 1.62 | % | ||||||||||
Expenses after payments, waivers and/or reimbursements and reduction to custodian expenses | 1.43 | % | 1.39 | % | 1.45 | % | 1.53 | % | 1.54 | % | ||||||||||
Portfolio turnover rate | 146 | % | 123 | % | 107 | % | 107 | % | 134 | % |
1. | Per share amounts calculated based on the average shares outstanding during the period. | |
2. | Assumes an 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. | |
3. | Annualized for periods less than one full year. | |
4. | Total expenses including indirect expenses from affiliated fund were as follows: |
Year Ended July 31, 2008 | 1.43 | % | ||
Year Ended July 31, 2007 | 1.39 | % |
Class Y Year Ended July 31, | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||
Per Share Operating Data | ||||||||||||||||||||
Net asset value, beginning of period | $ | 15.60 | $ | 14.25 | $ | 13.76 | $ | 12.86 | $ | 10.79 | ||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||
Net investment income | .15 | 1 | .18 | 1 | .14 | 1 | .15 | 1 | .05 | |||||||||||
Net realized and unrealized gain (loss) | (2.00 | ) | 1.97 | .93 | 1.89 | 2.02 | ||||||||||||||
Total from investment operations | (1.85 | ) | 2.15 | 1.07 | 2.04 | 2.07 | ||||||||||||||
Dividends and/or distributions to shareholders: | ||||||||||||||||||||
Dividends from net investment income | (.19 | ) | (.14 | ) | (.11 | ) | (.13 | ) | — | |||||||||||
Distributions from net realized gain | (1.45 | ) | (.66 | ) | (.47 | ) | (1.01 | ) | — | |||||||||||
Total dividends and/or distributions to shareholders | (1.64 | ) | (.80 | ) | (.58 | ) | (1.14 | ) | — | |||||||||||
Net asset value, end of period | $ | 12.11 | $ | 15.60 | $ | 14.25 | $ | 13.76 | $ | 12.86 | ||||||||||
Total Return, at Net Asset Value2 | (13.26 | )% | 15.31 | % | 7.94 | % | 16.43 | % | 19.18 | % | ||||||||||
Ratios/Supplemental Data | ||||||||||||||||||||
Net assets, end of period (in thousands) | $ | 357,648 | $ | 341,922 | $ | 149,580 | $ | 44,303 | $ | 6,589 | ||||||||||
Average net assets (in thousands) | $ | 368,893 | $ | 262,277 | $ | 90,378 | $ | 27,864 | $ | 5,921 | ||||||||||
Ratios to average net assets:3 | ||||||||||||||||||||
Net investment income | 1.11 | % | 1.14 | % | 1.01 | % | 1.14 | % | 0.57 | % | ||||||||||
Total expenses | 0.69 | %4,5,6 | 0.68 | %4,5,6 | 0.72 | %5 | 0.82 | %5 | 0.67 | %5 | ||||||||||
Portfolio turnover rate | 146 | % | 123 | % | 107 | % | 107 | % | 134 | % |
1. | Per share amounts calculated based on the average shares outstanding during the period. | |
2. | Assumes an 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. | |
3. | Annualized for periods less than one full year. | |
4. | Total expenses including indirect expenses from affiliated fund were as follows: |
Year Ended July 31, 2008 | 0.69 | % | ||
Year Ended July 31, 2007 | 0.68 | % |
5. | Reduction to custodian expenses less than 0.005%. | |
6. | Waiver or reimbursement of indirect management fees less than 0.005%. |
Net Unrealized | ||||||||||||
Appreciation | ||||||||||||
Based on Cost of | ||||||||||||
Securities and | ||||||||||||
Undistributed | Undistributed | Accumulated | Other Investments | |||||||||
Net Investment | Long-Term | Loss | for Federal Income | |||||||||
Income | Gain | Carryforward1,2,3 | Tax Purposes | |||||||||
$— | $ | 5,491,596 | $ | 283,082,979 | $ | 78,785,882 |
1. | As of July 31, 2008, the Fund had $283,082,979 of post-October losses available to offset future realized capital gains, if any. Such losses, if unutilized, will expire in 2017. | |
2. | During the fiscal year ended July 31, 2008, the Fund did not utilize any capital loss carryforward. | |
3. | During the fiscal year ended July 31, 2007, the Fund did not utilize any capital loss carryforward. |
Reduction to | Reduction to | |||||||
Accumulated | Accumulated Net | |||||||
Increase to | Net Investment | Realized Loss | ||||||
Paid-in Capital | Income | on Investments4 | ||||||
$1,150,723 | $ | 9,530,042 | $ | 8,379,319 |
4. | $ 1,150,723 was distributed in connection with Fund share redemptions. |
Year Ended | Year Ended | |||||||
July 31, 2008 | July 31, 2007 | |||||||
Distributions paid from: | ||||||||
Ordinary income | $ | 217,008,139 | $ | 113,941,721 | ||||
Long-term capital gain | 204,236,957 | 90,425,938 | ||||||
Total | $ | 421,245,096 | $ | 204,367,659 | ||||
Federal tax cost of securities | $ | 3,231,818,379 | ||
Gross unrealized appreciation | $ | 292,319,907 | ||
Gross unrealized depreciation | (213,534,025 | ) | ||
Net unrealized appreciation | $ | 78,785,882 | ||
Year Ended July 31, 2008 | Year Ended July 31, 2007 | |||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||
Class A | ||||||||||||||||
Sold | 38,809,701 | $ | 537,943,927 | 67,834,856 | $ | 1,016,927,358 | ||||||||||
Dividends and/or distributions reinvested | 16,692,730 | 230,359,672 | 8,352,096 | 122,608,749 | ||||||||||||
Redeemed | (66,879,246 | ) | (907,307,215 | ) | (71,775,981 | ) | (1,089,247,444 | ) | ||||||||
Net increase (decrease) | (11,376,815 | ) | $ | (139,003,616 | ) | 4,410,971 | $ | 50,288,663 | ||||||||
Class B | ||||||||||||||||
Sold | 3,204,462 | $ | 42,423,634 | 6,960,228 | $ | 99,743,192 | ||||||||||
Dividends and/or distributions reinvested | 3,294,572 | 43,608,090 | 1,567,120 | 22,143,398 | ||||||||||||
Redeemed | (14,128,466 | ) | (184,074,056 | ) | (9,286,714 | ) | (134,867,758 | ) | ||||||||
Net decrease | (7,629,432 | ) | $ | (98,042,332 | ) | (759,366 | ) | $ | (12,981,168 | ) | ||||||
Class C | ||||||||||||||||
Sold | 6,627,025 | $ | 88,689,647 | 11,601,424 | $ | 168,357,535 | ||||||||||
Dividends and/or distributions reinvested | 4,480,045 | 59,539,797 | 1,782,890 | 25,317,039 | ||||||||||||
Redeemed | (15,122,904 | ) | (194,496,949 | ) | (7,136,888 | ) | (104,442,892 | ) | ||||||||
Net increase (decrease) | (4,015,834 | ) | $ | (46,267,505 | ) | 6,247,426 | $ | 89,231,682 | ||||||||
Class N | ||||||||||||||||
Sold | 4,123,875 | $ | 54,936,521 | 4,764,730 | $ | 70,547,026 | ||||||||||
Dividends and/or distributions reinvested | 1,017,314 | 13,815,129 | 350,116 | 5,069,683 | ||||||||||||
Redeemed | (3,376,497 | ) | (44,445,754 | ) | (2,295,339 | ) | (34,462,985 | ) | ||||||||
Net increase | 1,764,692 | $ | 24,305,896 | 2,819,507 | $ | 41,153,724 | ||||||||||
Class Y | ||||||||||||||||
Sold | 11,141,011 | $ | 153,375,817 | 12,174,806 | $ | 185,199,803 | ||||||||||
Dividends and/or distributions reinvested | 2,878,274 | 40,295,835 | 801,871 | 11,931,845 | ||||||||||||
Redeemed | (6,406,432 | ) | (84,328,494 | ) | (1,563,298 | ) | (24,090,823 | ) | ||||||||
Net increase | 7,612,853 | $ | 109,343,158 | 11,413,379 | $ | 173,040,825 | ||||||||||
Purchases | Sales | |||||||
Investment securities | $ | 5,577,132,011 | $ | 6,124,542,006 |
Fee Schedule | ||||
Up to $200 million | 0.75 | % | ||
Next $200 million | 0.72 | |||
Next $200 million | 0.69 | |||
Next $200 million | 0.66 | |||
Next $4.2 billion | 0.60 | |||
Over $5 billion | 0.58 |
Class A | Class B | Class C | Class N | |||||||||||||||||
Class A | Contingent | Contingent | Contingent | Contingent | ||||||||||||||||
Front-End | Deferred | Deferred | Deferred | Deferred | ||||||||||||||||
Sales Charges | Sales Charges | Sales Charges | Sales Charges | Sales Charges | ||||||||||||||||
Retained by | Retained by | Retained by | Retained by | Retained by | ||||||||||||||||
Year Ended | Distributor | Distributor | Distributor | Distributor | Distributor | |||||||||||||||
July 31, 2008 | $ | 920,037 | $ | 32,442 | $ | 651,524 | $ | 49,783 | $ | 6,451 |
Oppenheimer Main Street Opportunity Fund:
September 12, 2008
UPDATES TO STATEMENTS OF INVESTMENTS Unaudited
Name, Position(s) Held with the | Principal Occupation(s) During the Past 5 Years; Other Trusteeships/Directorships | |
Fund, Length of Service, Age | Held; Number of Portfolios in the Fund Complex Currently Overseeneen | |
INDEPENDENT TRUSTEES | The address of each Trustee in the chart below is 6803 S. Tucson Way, Centennial, Colorado 80112-3924. Each Trustee serves for an indefinite term, or until his or her resignation, retirement, death or removal. | |
William L. Armstrong, Chairman of the Board of Trustees (since 2003), Trustee (since 2000) Age: 71 | President, Colorado Christian University (since 2006); Chairman, Cherry Creek Mortgage Company (since 1991), Chairman, Centennial State Mortgage Company (since 1994), Chairman, The El Paso Mortgage Company (since 1993); Chairman, Ambassador Media Corporation (since 1984); Chairman, Broadway Ventures (since 1984); Director of Helmerich & Payne, Inc. (oil and gas drilling/production company) (since 1992), Campus Crusade for Christ (non- profit) (since 1991); Former Director, The Lynde and Harry Bradley Foundation, Inc. (non-profit organization) (2002-2006); former Chairman of: Transland Financial Services, Inc. (private mortgage banking company) (1997-2003), Great Frontier Insurance (1995-2000), Frontier Real Estate, Inc. (residential real estate brokerage) (1994-2000) and Frontier Title (title insurance agency) (1995-2000); former Director of the following: UNUMProvident (insurance company) (1991- 2004), Storage Technology Corporation (computer equipment company) (1991-2003) and International Family Entertainment (television channel) (1992- 1997); U.S. Senator (January 1979-January 1991). Oversees 39 portfolios in the OppenheimerFunds complex. | |
George C. Bowen, Trustee (since 1999) Age: 72 | Assistant Secretary and Director of Centennial Asset Management Corporation (December 1991-April 1999); President, Treasurer and Director of Centennial Capital Corporation (June 1989-April 1999); Chief Executive Officer and Director of MultiSource Services, Inc. (March 1996-April 1999); Mr. Bowen held several positions with the Manager and with subsidiary or affiliated companies of the Manager (September 1987-April 1999). Oversees 39 portfolios in the OppenheimerFunds complex. | |
Edward L. Cameron, Trustee (since 1999) Age: 70 | Member of The Life Guard of Mount Vernon (George Washington historical site) (June 2000–June 2006); Partner of PricewaterhouseCoopers LLP (accounting firm) (July 1974-June 1999); Chairman of Price Waterhouse LLP Global Investment Management Industry Services Group (financial services firm) (July 1994-June 1998). Oversees 39 portfolios in the OppenheimerFunds complex. | |
Jon S. Fossel, Trustee (since 1999) Age: 66 | Director of UNUMProvident (insurance company) (since June 2002); Director of Northwestern Energy Corp. (public utility corporation) (since November 2004); Director of P.R. Pharmaceuticals (October 1999-October 2003); Director of Rocky Mountain Elk Foundation (non-profit organization) (February 1998-February 2003 and February 2005-February 2007); Chairman and Director (until October 1996) and President and Chief Executive Officer (until October 1995) of the Manager; President, Chief Executive Officer and Director of the following: Oppenheimer Acquisition Corp. (“OAC”) (parent holding company of the Manager), Shareholders Services, Inc. and Shareholder Financial Services, Inc. (until October 1995). Oversees 39 portfolios in the OppenheimerFunds complex. | |
Sam Freedman, Trustee (since 1999) Age: 67 | Director of Colorado UpLIFT (charitable organization) (since September 1984). Mr. Freedman held several positions with the Manager and with subsidiary or affiliated companies of the Manager (until October 1994). Oversees 39 portfolios in the OppenheimerFunds complex. |
Beverly L. Hamilton, Trustee (since 2002) Age: 61 | Trustee of Monterey Institute for International Studies (educational organization) (since February 2000); Board Member of Middlebury College (educational organization) (since December 2005); Director of The California Endowment (philanthropic organization) (since April 2002); Director (February 2002-2005) and Chairman of Trustees (2006-2007) of the Community Hospital of Monterey Peninsula; Director (October 1991-2005) and Vice Chairman (since 2006) of American Funds’ Emerging Markets Growth Fund, Inc. (mutual fund); President of ARCO Investment Management Company (February 1991-April 2000); Member of the investment committees of The Rockefeller Foundation (2001- 2006) and The University of Michigan (since 2000); Advisor at Credit Suisse First Boston’s Sprout venture capital unit (venture capital fund) (1994-January 2005); Trustee of MassMutual Institutional Funds (investment company) (1996-June 2004); Trustee of MML Series Investment Fund (investment company) (April 1989-June 2004); Member of the investment committee of Hartford Hospital (2000-2003); and Advisor to Unilever (Holland) pension fund (2000-2003). Oversees 39 portfolios in the OppenheimerFunds complex. | |
Robert J. Malone, Trustee (since 2002) Age: 64 | Board of Directors of Opera Colorado Foundation (non-profit organization) (since March 2008); Director of Jones Knowledge, Inc. (since 2006); Director of Jones International University (educational organization) (since August 2005); Chairman, Chief Executive Officer and Director of Steele Street Bank & Trust (commercial banking) (since August 2003); Director of Colorado UpLIFT (charitable organization) (since 1986); Trustee of the Gallagher Family Foundation (non-profit organization) (since 2000); Former Chairman of U.S. Bank-Colorado (subsidiary of U.S. Bancorp and formerly Colorado National Bank) (July 1996- April 1999); Director of Commercial Assets, Inc. (real estate investment trust) (1993-2000); Director of Jones Knowledge, Inc. (2001-July 2004); and Director of U.S. Exploration, Inc. (oil and gas exploration) (1997-February 2004). Oversees 39 portfolios in the OppenheimerFunds complex. | |
F. William Marshall, Jr., Trustee (since 2000) Age: 66 | Trustee of MassMutual Select Funds (formerly MassMutual Institutional Funds) (investment company) (since 1996) and MML Series Investment Fund (investment company) (since 1996); Trustee of Worcester Polytech Institute (since 1985); Chairman (since 1994) of the Investment Committee of the Worcester Polytech Institute (private university); President and Treasurer of the SIS Funds (private charitable fund) (since January 1999); Chairman of SIS & Family Bank, F.S.B. (formerly SIS Bank) (commercial bank) (January 1999-July 1999); and Executive Vice President of Peoples Heritage Financial Group, Inc. (commercial bank) (January 1999-July 1999). Oversees 41 portfolios in the OppenheimerFunds complex. | |
INTERESTED TRUSTEE AND OFFICER | The address of Mr. Murphy is Two World Financial Center, 225 Liberty Street, 11th Floor, New York, New York 10281-1008. Mr. Murphy serves as a Trustee for an indefinite term, or until his resignation, retirement, death or removal and as an Officer for an indefinite term, or until his resignation, retirement, death or removal. Mr. Murphy is an interested Trustee due to his positions with OppenheimerFunds, Inc. and its affiliates. | |
John V. Murphy, Trustee, President and Principal Executive Officer (since 2001) Age: 59 | Chairman, Chief Executive Officer and Director of the Manager (since June 2001); President of the Manager (September 2000-February 2007); President and director or trustee of other Oppenheimer funds; President and Director of Oppenheimer Acquisition Corp. (“OAC”) (the Manager’s parent holding company) and of Oppenheimer Partnership Holdings, Inc. (holding company subsidiary of the Manager) (since July 2001); Director of OppenheimerFunds Distributor, Inc. (subsidiary of the Manager) (November 2001-December 2006); Chairman and Director of Shareholder Services, Inc. and of Shareholder Financial Services, Inc. (transfer agent subsidiaries of the Manager) (since July 2001); |
John V. Murphy, Continued | President and Director of OppenheimerFunds Legacy Program (charitable trust program established by the Manager) (since July 2001); Director of the following investment advisory subsidiaries of the Manager: OFI Institutional Asset Management, Inc., Centennial Asset Management Corporation, Trinity Investment Management Corporation and Tremont Capital Management, Inc. (since November 2001), HarbourView Asset Management Corporation and OFI Private Investments, Inc. (since July 2001); President (since November 2001) and Director (since July 2001) of Oppenheimer Real Asset Management, Inc.; Executive Vice President of Massachusetts Mutual Life Insurance Company (OAC’s parent company) (since February 1997); Director of DLB Acquisition Corporation (holding company parent of Babson Capital Management LLC) (since June 1995); Chairman (since October 2007) and Member of the Investment Company Institute’s Board of Governors (since October 2003). Oversees 103 portfolios in the OppenheimerFunds complex. | |
OTHER OFFICERS OF THE FUND | The addresses of the Officers in the chart below are as follows: for Messrs. Reinganum, Zavanelli, Zack and Ms. Bloomberg, Two World Financial Center, 225 Liberty Street, New York, New York 10281-1008, for Messrs. Vandehey, Petersen, Szilagyi, Wixted and Ms. Ives, 6803 S. Tucson Way, Centennial, Colorado 80112-3924. Each Officer serves for an indefinite term or until his or her resignation, retirement, death or removal. | |
Dr. Marc Reinganum, Vice President and Portfolio Manager (since 2008) Age: 55 | Vice President of the Manager (since September 2002). Director of Quantitative Research and Portfolio Strategist for Equities; the Mary Jo Vaughn Rauscher Chair in Financial Investments at Southern Methodist University (since 1995). At Southern Methodist University, Director of the Finance Institute, Chairman of the Finance Department, President of the Faculty at the Cox School of Business and member of the Board of Trustee Investment Committee. A portfolio manager and officer of 6 portfolios in the OppenheimerFunds complex. | |
Mark Zavanelli, Vice President and Portfolio Manager (since 1999) Age: 37 | Vice President of the Manager (since November 2000). A Chartered Financial Analyst. A portfolio manager and officer of 6 portfolios in the OppenheimerFunds complex. | |
Mark S. Vandehey, Vice President and Chief Compliance Officer (since 2004) Age: 58 | Senior Vice President and Chief Compliance Officer of the Manager (since March 2004); Chief Compliance Officer of OppenheimerFunds Distributor, Inc., Centennial Asset Management and Shareholder Services, Inc. (since March 2004); Vice President of OppenheimerFunds Distributor, Inc., Centennial Asset Management Corporation and Shareholder Services, Inc. (since June 1983); Former Vice President and Director of Internal Audit of the Manager (1997- February 2004). An officer of 103 portfolios in the OppenheimerFunds complex. | |
Brian W. Wixted, Treasurer and Principal Financial & Accounting Officer (since 1999) Age: 48 | Senior Vice President and Treasurer of the Manager (since March 1999); Treasurer of the following: HarbourView Asset Management Corporation, Shareholder Financial Services, Inc., Shareholder Services, Inc., Oppenheimer Real Asset Management, Inc. and Oppenheimer Partnership Holdings, Inc. (since March 1999), OFI Private Investments, Inc. (since March 2000), OppenheimerFunds International Ltd. and OppenheimerFunds plc (since May 2000), OFI Institutional Asset Management, Inc. (since November 2000), and OppenheimerFunds Legacy Program (charitable trust program established by the Manager) (since June 2003); Treasurer and Chief Financial Officer of OFI Trust Company (trust company subsidiary of the Manager) (since May 2000); Assistant Treasurer of the following: OAC (since March 1999), Centennial Asset Management Corporation (March 1999-October 2003) and OppenheimerFunds Legacy Program (April 2000-June 2003). An officer of 103 portfolios in the OppenheimerFunds complex. |
Brian S. Petersen, Assistant Treasurer (since 2004) Age: 38 | Vice President of the Manager (since February 2007); Assistant Vice President of the Manager (August 2002-February 2007); Manager/Financial Product Accounting of the Manager (November 1998-July 2002). An officer of 103 port- folios in the OppenheimerFunds complex. | |
Brian C. Szilagyi, Assistant Treasurer (since 2005) Age: 38 | Assistant Vice President of the Manager (since July 2004); Director of Financial Reporting and Compliance of First Data Corporation (April 2003-July 2004); Manager of Compliance of Berger Financial Group LLC (May 2001-March 2003). An officer of 103 portfolios in the OppenheimerFunds complex. | |
Robert G. Zack, Vice President and Secretary (since 2001) Age: 60 | Executive Vice President (since January 2004) and General Counsel (since March 2002) of the Manager; General Counsel and Director of the Distributor (since December 2001); General Counsel of Centennial Asset Management Corporation (since December 2001); Senior Vice President and General Counsel of HarbourView Asset Management Corporation (since December 2001); Secretary and General Counsel of OAC (since November 2001); Assistant Secretary (since September 1997) and Director (since November 2001) of OppenheimerFunds International Ltd. and OppenheimerFunds plc; Vice President and Director of Oppenheimer Partnership Holdings, Inc. (since December 2002); Director of Oppenheimer Real Asset Management, Inc. (since November 2001); Senior Vice President, General Counsel and Director of Shareholder Financial Services, Inc. and Shareholder Services, Inc. (since December 2001); Senior Vice President, General Counsel and Director of OFI Private Investments, Inc. and OFI Trust Company (since November 2001); Vice President of OppenheimerFunds Legacy Program (since June 2003); Senior Vice President and General Counsel of OFI Institutional Asset Management, Inc. (since November 2001); Director of OppenheimerFunds (Asia) Limited (since December 2003); Senior Vice President (May 1985-December 2003). An officer of 103 portfolios in the OppenheimerFunds complex. | |
Lisa I. Bloomberg, Assistant Secretary (since 2004) Age: 40 | Vice President (since May 2004) and Deputy General Counsel (since May 2008); of the Manager; Associate Counsel of the Manager (May 2004-May 2008); First Vice President (April 2001-April 2004), Associate General Counsel (December 2000-April 2004) of UBS Financial Services Inc. (formerly, PaineWebber Incorporated). An officer of 103 portfolios in the OppenheimerFunds complex. | |
Kathleen T. Ives, Assistant Secretary (since 2001) Age: 42 | Vice President (since June 1998), Deputy General Counsel (since May 2008) and Assistant Secretary (since October 2003) of the Manager; Vice President (since 1999) and Assistant Secretary (since October 2003) of the Distributor; Assistant Secretary of Centennial Asset Management Corporation (since October 2003); Vice President and Assistant Secretary of Shareholder Services, Inc. (since 1999); Assistant Secretary of OppenheimerFunds Legacy Program and Shareholder Financial Services, Inc. (since December 2001); Senior Counsel of the Manager (October 2003-May 2008). An officer of 103 portfolios in the OppenheimerFunds complex. |
(a) | Audit Fees |
(b) | Audit-Related Fees |
(c) | Tax Fees |
(d) | All Other Fees |
(e) | (1) During its regularly scheduled periodic meetings, the registrant’s audit committee will pre-approve all audit, audit-related, tax and other services to be provided by the principal accountants of the registrant. | |
The audit committee has delegated pre-approval authority to its Chairman for any subsequent new engagements that arise between regularly scheduled meeting dates provided that any fees such pre-approved are presented to the audit committee at its next regularly scheduled meeting. |
Under applicable laws, pre-approval of non-audit services maybe waived provided that: 1) the aggregate amount of all such services provided constitutes no more than five percent of the total amount of fees paid by the registrant to it principal accountant during the fiscal year in which services are provided 2) such services were not recognized by the registrant at the time of engagement as non-audit services and 3) such services are promptly brought to the attention of the audit committee of the registrant and approved prior to the completion of the audit. | ||
(2) 100% | ||
(f) | Not applicable as less than 50%. | |
(g) | The principal accountant for the audit of the registrant’s annual financial statements billed no such fees during the last two fiscal years to the registrant and the registrant’s investment adviser or any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant related to non-audit fees. Those billings did not include any prohibited non-audit services as defined by the Securities Exchange Act of 1934. | |
(h) | The registrant’s audit committee of the board of trustees has considered whether the provision of non-audit services that were rendered to the registrant’s investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence. No such services were rendered. |
1. | The Fund’s Governance Committee (the “Committee”) will evaluate potential Board candidates to assess their qualifications. The Committee shall have the authority, upon approval of the Board, to retain an executive search firm to assist in this effort. The Committee may consider recommendations by business and personal contacts of current Board members and by executive search firms which the Committee may engage from time to time and may also consider shareholder recommendations. The Committee may consider the advice and recommendation of the Funds’ investment manager and its affiliates in making the selection. | |
2. | The Committee shall screen candidates for Board membership. The Committee has not established specific qualifications that it believes must be met by a trustee nominee. In evaluating trustee nominees, the Committee considers, among other things, an individual’s background, skills, and experience; whether the individual is an “interested person” as defined in the Investment Company Act of 1940; and whether the individual would be deemed an “audit committee financial expert” within the meaning of applicable SEC rules. The Committee also considers whether the individual’s background, skills, and experience will complement the background, skills, and experience of other nominees and will contribute to the Board. There are no differences in the manner in which the Committee evaluates nominees for trustees based on whether the nominee is recommended by a shareholder. | |
3. | The Committee may consider nominations from shareholders for the Board at such times as the Committee meets to consider new nominees for the Board. The Committee shall have the sole discretion to determine the candidates to present to the Board and, in such cases where required, to shareholders. Recommendations for trustee nominees should, at a minimum, be accompanied by the following: |
• | the name, address, and business, educational, and/or other pertinent background of the person being recommended; |
• | a statement concerning whether the person is an “interested person” as defined in the Investment Company Act of 1940; | ||
• | any other information that the Funds would be required to include in a proxy statement concerning the person if he or she was nominated; and | ||
• | the name and address of the person submitting the recommendation and, if that person is a shareholder, the period for which that person held Fund shares. |
The recommendation also can include any additional information which the person submitting it believes would assist the Committee in evaluating the recommendation. | ||
4. | Shareholders should note that a person who owns securities issued by Massachusetts Mutual Life Insurance Company (the parent company of the Funds’ investment adviser) would be deemed an “interested person” under the Investment Company Act of 1940. In addition, certain other relationships with Massachusetts Mutual Life Insurance Company or its subsidiaries, with registered broker-dealers, or with the Funds’ outside legal counsel may cause a person to be deemed an “interested person.” | |
5. | Before the Committee decides to nominate an individual as a trustee, Committee members and other directors customarily interview the individual in person. In addition, the individual customarily is asked to complete a detailed questionnaire which is designed to elicit information which must be disclosed under SEC and stock exchange rules and to determine whether the individual is subject to any statutory disqualification from serving as a trustee of a registered investment company. |
(a) | (1) | Exhibit attached hereto. | |
(2) | Exhibits attached hereto. | ||
(3) | Not applicable. |
(b) | Exhibit attached hereto. |
By: | /s/ John V. Murphy | |||
John V. Murphy | ||||
Principal Executive Officer | ||||
Date: 09/12/2008 |
By: | /s/ John V. Murphy | |||
John V. Murphy | ||||
Principal Executive Officer | ||||
Date: 09/12/2008 | ||||
By: | /s/ Brian W. Wixted | |||
Brian W. Wixted | ||||
Principal Financial Officer | ||||
Date: 09/12/2008 |