As filed with the Securities and Exchange Commission on June 22, 2012
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OMB APPROVAL
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Registration No. 333-121449
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OMB Number: 3235-0336
Expires: October 31, 2013
Estimated average burden
hours per response. . .1312.9
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REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
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/ X /
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PRE-EFFECTIVE AMENDMENT NO. __
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/ /
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POST-EFFECTIVE AMENDMENT NO. __
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/ /
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OPPENHEIMER PORTFOLIO SERIES
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(Exact Name of Registrant as Specified in Charter)
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6803 South Tucson Way, Centennial, Colorado 80112-3924
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(Address of Principal Executive Offices)
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303-768-3200
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(Registrant's Area Code and Telephone Number)
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Arthur S. Gabinet, Esq.
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Executive Vice President & General Counsel
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OppenheimerFunds, Inc.
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Two World Financial Center, 225 Liberty Street
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New York, New York 10281-1008
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(Name and Address of Agent for Service)
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As soon as practicable after the Registration Statement becomes effective.
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(Approximate Date of Proposed Public Offering)
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1.
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To approve an Agreement and Plan of Reorganization (the “Reorganization Agreement”) between their Target Fund and Oppenheimer Portfolio Series: Active Allocation Fund, a series of Oppenheimer Portfolio Series (“the Acquiring Fund”), and the transactions contemplated thereby, including: (a) the transfer of all of the assets of the Target Fund to the Acquiring Fund in exchange for Class A, Class B, Class C, Class N and Class Y shares of the Acquiring Fund, (b) the distribution of shares of the Acquiring Fund to the corresponding Class A, Class B, Class C, Class N and Class Y shareholders of the Target Fund in complete liquidation of the Target Fund, and (c) the cancellation of the outstanding shares of the Target Fund (the foregoing with respect to each Target Fund being referred to as the “Reorganization,” and with respect to all of the Target Funds, the “Reorganizations”); and |
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1.
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To approve a separate Agreement and Plan of Reorganization (the “Reorganization Agreement”) between each Target Fund and Oppenheimer Portfolio Series: Active Allocation Fund, a series of Oppenheimer Portfolio Series (“the Acquiring Fund”), and the transactions contemplated thereby, including: (a) the transfer of all the assets of the Target Fund to the Acquiring Fund in exchange for Class A, Class B, Class C, Class N and Class Y shares of the Acquiring Fund, (b) the distribution of shares of the Acquiring Fund to the corresponding Class A, Class B, Class C, Class N and Class Y shareholders of the Target Fund in complete liquidation of the Target Fund; and (c) the cancellation of the outstanding shares of the Target Fund (with respect to each Target Fund all of the foregoing being referred to as the “Reorganization,” and with respect to all of the Target Funds, the “Reorganizations”); and |
·
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A Statement of Additional Information dated July 27, 2012 (the “Reorganization SAI”), relating to this Combined Prospectus/Proxy Statement;
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·
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The Prospectus of the Acquiring Fund, dated May 30, 2012 as supplemented (the “Acquiring Fund Prospectus”). The Acquiring Fund Prospectus includes additional information about the Acquiring Fund and is enclosed herewith and accompanies this Combined Prospectus/Proxy Statement.
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·
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The Statement of Additional Information relating to the Acquiring Fund, dated May 30, 2012, as supplemented (the “Acquiring Fund SAI”);
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·
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The Annual Report to shareholders of the Acquiring Fund for the fiscal year ended January 31, 2012 (the “Acquiring Fund Annual Report”);
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·
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The Prospectus of the Transition 2030 Fund, dated June 27, 2012, as supplemented (the “Transition 2030 Fund Prospectus”);
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·
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The Statement of Additional Information of the Transition 2030 Fund, dated June 27, 2012, as supplemented, (the “Transition 2030 Fund SAI”)’
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·
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The Annual Report to shareholders of the Transition 2030 Fund for the fiscal year ended February 29, 2012 (the “Transition 2030 Fund Annual Report”);
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·
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The Prospectus of the Transition 2040 Fund, dated June 27, 2012, as supplemented (the “Transition 2040 Fund Prospectus”);
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·
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The Statement of Additional Information of the Transition 2040 Fund, dated June 27, 2012, as supplemented, (the “Transition 2040 Fund SAI”);
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·
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The Annual Report to shareholders of the Transition 2040 Fund for the fiscal year ended February 29, 2012 (the “Transition 2040 Fund Annual Report”);
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·
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The Prospectus of the Transition 2050 Fund, dated June 27, 2012, as supplemented (the “Transition 2050 Fund Prospectus”);
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·
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The Statement of Additional Information of the Transition 2050 Fund, dated June 27, 2012, as supplemented, (the “Transition 2050 Fund SAI”);
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·
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The Annual Report to shareholders of the Transition 2050 Fund for the fiscal year ended February 29, 2012 (the “Transition 2050 Fund Annual Report”);
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In Person:
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At the SEC’s Public Reference Room at 100 F Street, N.E.,
Washington, DC 20549
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By Phone:
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(202) 551-8090
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By Mail:
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Public Reference Section
Office of Consumer Affairs and Information Services
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
(duplicating fee required)
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By E-mail:
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publicinfo@sec.gov
(duplicating fee required)
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By Internet:
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www.sec.gov
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Page
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Synopsis
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The Proposed Reorganization
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Investment Objectives and Principal Investment Strategies
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Fees and Expenses
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Portfolio Turnover
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U.S. Federal Income Tax Consequences of the Reorganization
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Purchase, Exchange, Redemption and Valuation of Shares
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Comparison of the Funds
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Principal Investment Risks
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Fundamental Investment Restrictions
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Performance Information
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Management of the Funds
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Investment Advisory Agreements
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Pending Litigation
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Distribution Services
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Payments to Financial Intermediaries and Service Providers
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Dividends and Distributions
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Purchase, Exchange, Redemption and Valuation of Shares
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Fund Service Providers
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Shareholder Rights
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Information About the Reorganization
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Terms of the Reorganization Agreement
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Board Consideration of the Reorganization
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Expenses of the Reorganization
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Material U.S. Federal Income Tax Consequences of the Reorganization
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Voting Information
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How to Vote
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Quorum and Required Vote
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Solicitation of Proxies
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Revoking a Proxy
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Other Matters to be Voted upon at the Meeting
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Shareholder Proposals and Communications
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Additional Information About the Funds
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Capitalization of the Funds
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Householding of Reports to Shareholders and Other Fund Documents
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Shareholder Information
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Exhibit A: Form of Agreement and Plan of Reorganization
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A-
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Exhibit B: Principal Shareholders
Exhibit C: More Information on Underlying Funds
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B-
C-
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Transition 2030 Fund – Share Class Exchanged
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Transition 2040 Fund – Share Class Exchanged
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Transition 2050 Fund – Share Class Exchanged
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Acquiring Fund – Share Class Received
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Class A
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Class A
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Class A
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Class A
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Class B
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Class B
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Class B
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Class B
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Class C
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Class C
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Class C
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Class C
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Class N
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Class N
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Class N
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Class N
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Class Y
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Class Y
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Class Y
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Class Y
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Transition 2030 Fund
Transition 2040 Fund
Transition 2050 Fund
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Acquiring Fund
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Principal Investment Strategies
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The Fund is a special type of mutual fund known as a “fund of funds” because it primarily invests in other mutual funds. Those funds are referred to as the “Underlying Funds.” To accommodate a range of investor preferences and retirement time horizons, the Oppenheimer LifeCycle Funds offer seven funds with different asset allocations. Each of those funds is
managed based on an approximate retirement year (the “transition” date in each fund’s name) and their investments in the Underlying Funds change over time in a manner designed to help the Fund become more conservative both as the transition date gets closer and for 10 years after that date. This approach is designed to help investors accumulate the assets needed to generate income during their retirement years.
Choosing a fund with an earlier transition date generally represents a more conservative choice; choosing a Fund with a later transition date generally represents a more aggressive choice. The changes to the Fund’s asset allocations are illustrated in its “glide path” shown below. The Fund’s asset allocations will continue to change until ten years after the transition date and then remain at its final allocation targets. The Fund has, and is expected to continue to maintain, some equity exposure. Equity securities generally have higher risks, however they have historically offered higher rates of return than fixed-income securities over the long term, and may play a role both in preparing for and during retirement.
The Transition 2030 Fund currently allocates its assets among the Underlying Funds based on asset allocation targets of approximately 46% in U.S. equities, 37% in foreign equities, 13% in U.S. fixed-income, 4% in foreign fixed-income and 0% in alternatives funds that are designed to help provide asset diversification.
The Transition 2040 Fund currently allocates its assets among the Underlying Funds based on asset allocation targets of approximately 50% in U.S. equities, 41% in foreign equities, 6% in U.S. fixed-income, 2% in foreign fixed-income and 0% in alternatives funds that are designed to help provide asset diversification.
The Transition 2050 Fund currently allocates its assets among the Underlying Funds based on asset allocation targets of approximately 52% in U.S. equities, 42% in foreign equities, 5% in U.S. fixed-income, 2% in foreign fixed-income and 0% in alternatives funds that are designed to help provide asset diversification.
The portfolio managers may use some or all of the Underlying Funds in different combinations to implement the Fund’s target allocations and the relative mix of those Underlying Funds will vary over time.
Equity securities include common stock, preferred stock, rights and warrants, and securities convertible into common stock. Fixed income securities (also referred to as “debt securities”) represent money borrowed by the issuer that must be repaid. Some Underlying Funds invest in debt securities that are rated below investment grade (commonly referred to as “junk bonds”) and certain of them may invest most or a significant percentage of their assets in those securities. Some of the Underlying Funds invest partially or primarily in securities of issuers outside of the United States, including issuers in emerging or developing markets countries. The alternatives Underlying Funds that are used for asset diversification may invest in commodities, gold and other special metals, real estate (including through equity
or other securities) or in inflation protected securities. For temporary periods, the Fund may hold a greater portion of its assets in money market funds, money market securities, cash or other similar, liquid investments. This may occur at times when the Manager is unable to immediately invest cash received from purchases of Fund shares or from redemptions of its investments.
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The Fund is a special type of mutual fund known as a “fund of funds” because it invests in other mutual funds. Those funds are referred to as the “Underlying Funds."
The Manager seeks to diversify the Fund’s assets by selecting Underlying Funds with different investment guidelines and styles. Under normal market conditions, the Fund allocates 75-85% of its assets based on a “static” allocation among the Underlying Funds and 15-25% of its assets based on a “tactical allocation” to those funds and to other investments. The static portion of the Fund’s allocation is divided between the Underlying Funds based on asset allocation target ranges of 30-40% in U.S. equities, 15-25% in foreign equities, 20-25% in fixed-income and approximately 5% in alternative funds that provide asset diversification. The Fund’s “tactical allocation” strategy adjusts the asset mix to take advantage of temporary market conditions that may present opportunities. For this tactical allocation, the Fund may invest in money market securities or may invest additional assets in any of the above Underlying Funds. The Fund and some Underlying
Funds may use derivatives to seek income or capital gain or to hedge against the risks of other investments. Options, futures, forward contracts and swaps are some of the types of derivatives the Fund and the Underlying Funds can use. The Fund’s asset allocation targets may vary in particular cases and may change over time.
Equity securities include common stock, preferred stock, rights and warrants, and securities convertible into common stock. Fixed income securities (also referred to as “debt securities”) represent money borrowed by the issuer that must be repaid. Some Underlying Funds invest in debt securities that are rated below investment grade (commonly referred to as “junk bonds”) and certain of them may invest most, or a significant percentage, of their assets in those securities. Some of the Underlying Funds invest partially or primarily in securities of issuers outside of the United States, including issuers in emerging or developing market countries. The Underlying Funds that are used for asset diversification may include investments related to commodities, gold and other special metals, real estate or that are inflation protected.
For temporary periods, the Fund may hold a portion of its assets in cash, money market securities or other similar, liquid investments. This will generally occur at times when the Manager is unable to immediately invest cash received from purchases of Fund shares or from redemptions of other investments.
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How Securities are Selected
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Investments in individual Underlying Funds are determined by the Manager in seeking to meet the Fund’s asset allocation targets and achieve its investment objective. The Fund’s actual asset allocations will usually change daily, based on changes in the market values of the securities held by the Underlying Funds, and they will generally vary from the Fund’s target allocations. The Manager monitors the Underlying Fund selections and periodically rebalances the Fund’s investments to bring them closer to their target asset allocations.
The Fund’s most recent month-end investments in the individual Underlying Funds are available on its website. Its quarter-end asset allocations to the individual Underlying Funds are also available in its Annual and Semi-Annual Reports and in its Forms N-Q. In response to changing market or economic
conditions, the Manager may change the Underlying Funds or the Fund’s target asset allocations at any time, without prior approval from or notice to shareholders
Under normal market conditions, the Fund will invest in shares of some or all of the following Underlying Funds that were chosen based on the Manager’s determination that they may provide income and secondarily capital growth: Oppenheimer Capital Appreciation Fund, Oppenheimer Champion Income Fund, Oppenheimer Commodity Strategy Total Return Fund, Oppenheimer Core Bond Fund, Oppenheimer Developing Markets Fund, Oppenheimer Discovery Fund, Oppenheimer Global Fund, Oppenheimer Global Opportunities Fund, Oppenheimer Gold & Special Minerals Fund, Oppenheimer Institutional Money Market Fund, Oppenheimer International Bond Fund, Oppenheimer International Growth Fund, Oppenheimer International Small Company Fund, Oppenheimer International Value Fund, Oppenheimer Limited-Term Government Fund, Oppenheimer Main Street Fund®, Oppenheimer Main Street Select Fund®, Oppenheimer Main Street Small- & Mid-Cap Fund®, Oppenheimer Real Estate Fund, Oppenheimer Rising Dividends Fund, Oppenheimer
Small- & Mid- Cap Value Fund, Oppenheimer Master Inflation Protected Securities Fund, LLC, Oppenheimer Master Loan Fund, LLC, Oppenheimer Master International Value, LLC, Oppenheimer U.S. Government Trust and Oppenheimer Value Fund. At times, the Fund may invest in other Oppenheimer funds, including Oppenheimer money market funds.
The transition date represents an approximate retirement date and investors may plan to retire either before or after that date. Some investors may choose to stop making additional contributions to the Fund or to withdraw some or all of their investment at the transition date, however the Fund’s glide path is intended to continue after the transition date to an allocation designed to place greater emphasis on income and to seek to reduce investors’ overall risks through their retirement years.
Approximately 10 years after the Fund’s stated “transition” year, the Fund’s asset allocation will reach and remain at approximately 15% in U.S. equities, 3% in foreign equities, 61% in U.S. fixed-income, 11% in foreign fixed-income and 10% in alternatives Underlying Funds (which may result in up to 10% additional equity exposure).
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The Manager uses proprietary tactical asset allocation models (including computer aided models) as guides to selecting Underlying funds for the tactical allocation. These models use quantitative techniques to identify valuation opportunities across assets and sectors to which the Underlying funds have exposures.
The Manager monitors the Underlying Fund selections and periodically rebalances the Fund’s investments to bring them back within their target asset allocation ranges. In response to changing market or economic conditions, the Manager may change the Underlying Funds or the Fund’s target asset allocation ranges at any time, without prior approval from or notice to shareholders.
Under normal market conditions, the Fund will invest in shares of some or all of the following Underlying Funds that were chosen based on the Manager’s determination that they could provide long term growth of capital and, secondarily, income: Oppenheimer Capital Appreciation Fund, Oppenheimer Champion Income Fund, Oppenheimer Commodity Strategy Total Return Fund, Oppenheimer Core Bond Fund, Oppenheimer Developing Markets Fund, Oppenheimer Discovery Fund, Oppenheimer Global Fund, Oppenheimer Global Opportunities Fund, Oppenheimer Gold & Special Minerals Fund, Oppenheimer Institutional Money Market Fund, Oppenheimer International Bond Fund, Oppenheimer International Growth Fund, Oppenheimer International Small Company Fund, Oppenheimer International Value Fund, Oppenheimer Limited-Term Government Fund, Oppenheimer Main Street Fund,® Oppenheimer Main Street Select Fund,® Oppenheimer Main Street Small- & Mid-Cap Fund,® Oppenheimer Master Event-Linked Bond Fund, LLC, Oppenheimer Master Inflation Protected Securities Fund, LLC, Oppenheimer Master International Value Fund, LLC, Oppenheimer Master Loan Fund, LLC, Oppenheimer Real Estate Fund, Oppenheimer Rising Dividends Fund, Oppenheimer Rochester National Municipals, Oppenheimer Small- & Mid-Cap Value Fund, Oppenheimer U.S. Government Trust and Oppenheimer Value Fund. |
Who is the Fund Designed For?
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The Fund is designed primarily for investors seeking to simplify the accumulation of assets prior to and during retirement. Investors must weigh many factors when considering retirement, including when to retire, what their retirement needs will be, and what other sources of income they may have. In general, the Fund's investment program assumes a retirement age of 65 but the transition date does not necessarily represent the specific year you intend to retire or start drawing retirement assets. It should be used as an approximate guide, depending on your investment goals and risk tolerance. Investors should realize that the Fund is not a complete solution to their retirement needs.
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The Fund is designed primarily for investors seeking to combine the growth potential of stocks with a smaller allocation to bonds. Because some Underlying Funds generally invest a substantial portion of their assets in stocks, those investors should be willing to assume the risks of share price fluctuations that are typical for substantial stock investments. The Fund is not a complete investment program.
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Underlying Fund Target Percentage
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U.S. Equities
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46%
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Oppenheimer Value Fund
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23%
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Oppenheimer Capital Appreciation Fund
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16%
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Oppenheimer Main Street Small- & Mid-Cap Fund®
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6%
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Foreign Equities
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37%
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Oppenheimer International Growth Fund
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20%
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Oppenheimer International Value Fund
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10%
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Oppenheimer Developing Markets Fund
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6%
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Oppenheimer International Small Company Fund
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2%
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U.S. Fixed-Income
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13%
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Oppenheimer Core Bond Fund
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6%
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Oppenheimer Limited-Term Government Fund
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4%
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Oppenheimer Champion Income Fund
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1%
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Oppenheimer Institutional Money Market Fund
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1%
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Foreign Fixed-Income
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4%
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Oppenheimer International Bond Fund
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4%
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Alternatives
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0%
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Underlying Fund Target Percentage
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U.S. Equities
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50%
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Oppenheimer Value Fund
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25%
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Oppenheimer Capital Appreciation Fund
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18%
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Oppenheimer Main Street Small- & Mid-Cap Fund®
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7%
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Foreign Equities
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41%
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Oppenheimer International Growth Fund
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22%
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Oppenheimer International Value Fund
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11%
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Oppenheimer Developing Markets Fund
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6%
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Oppenheimer International Small Company Fund
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2%
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U.S. Fixed-Income
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6%
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Oppenheimer Core Bond Fund
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3%
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Oppenheimer Limited-Term Government Fund
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2%
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Oppenheimer Champion Income Fund
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1%
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Oppenheimer Institutional Money Market Fund
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1%
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Foreign Fixed-Income
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2%
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Oppenheimer International Bond Fund
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2%
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Alternatives
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0%
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Underlying Fund Target Percentage
|
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U.S. Equities
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52%
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Oppenheimer Value Fund
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26%
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Oppenheimer Capital Appreciation Fund
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19%
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Oppenheimer Main Street Small- & Mid-Cap Fund®
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7%
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Foreign Equities
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42%
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Oppenheimer International Growth Fund
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23%
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Oppenheimer International Value Fund
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11%
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Oppenheimer Developing Markets Fund
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6%
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Oppenheimer International Small Company Fund
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2%
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U.S. Fixed-Income
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5%
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Oppenheimer Core Bond Fund
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2%
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Oppenheimer Limited-Term Government Fund
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2%
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Foreign Fixed-Income
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2%
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Oppenheimer International Bond Fund
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2%
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Alternatives
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0%
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Transition 2050 Fund
Class A
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Transition 2040 Fund Class A
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Transition 2030 Fund
Class A
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PS: Active Allocation Fund
Class A
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PS: Active Allocation Fund
Pro Forma Combined Fund
Class A
|
|||
Shareholder Fees (fees paid directly from your investment)
|
|||||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
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5.75%
|
5.75%
|
5.75%
|
5.75%
|
5.75%
|
||
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
None1
|
None1
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None1
|
None1
|
None1
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||
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|||||||
Management Fees
|
0.00%
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0.00%
|
0.00%
|
0.00%
|
0.00%
|
||
Distribution and/or Service (12b-1) Fees
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0.25%
|
0.25%
|
0.25%
|
0.25%
|
0.25%
|
||
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
||
Other Expenses
|
0.80%
|
0.42%
|
0.28%
|
0.19%
|
0.20%
|
||
Acquired Fund Fees and Expenses
|
0.76%
|
0.75%
|
0.74%
|
0.71%
|
0.71%
|
||
Total Annual Fund Operating Expenses
|
1.81%
|
1.42%
|
1.27%
|
1.25%
|
1.26%
|
||
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.31%
|
0.00%
|
0.00%
|
-0.04%
|
-0.05%
|
||
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
1.50%
|
1.42%
|
1.27%
|
1.21%
|
1.21%
|
Transition 2050 Fund
Class B
|
Transition 2040 Fund Class B
|
Transition 2030 Fund Class B
|
PS: Active Allocation Fund
Class B
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class B
|
||
Shareholder Fees (fees paid directly from your investment)
|
||||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
None
|
None
|
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
5%2
|
5%2
|
5%2
|
5%2
|
5%2
|
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
|
Distribution and/or Service (12b-1) Fees
|
1.00%
|
1.00%
|
1.00%
|
1.00%
|
1.00%
|
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
|
Other Expenses
|
0.85%
|
0.57%
|
0.37%
|
0.29%
|
0.29%
|
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.75%
|
0.74%
|
0.71%
|
0.71%
|
|
Total Annual Fund Operating Expenses
|
2.61%
|
2.32%
|
2.11%
|
2.10%
|
2.10%
|
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.36%
|
-0.07%
|
0.00%
|
-0.04%
|
-0.04%
|
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
2.25%
|
2.25%
|
2.11%
|
2.06%
|
2.06%
|
Transition 2050 Fund
Class C
|
Transition 2040 Fund Class C
|
Transition 2030 Fund Class C
|
PS: Active Allocation Fund
Class C
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class C
|
||
Shareholder Fees (fees paid directly from your investment)
|
||||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
None
|
None
|
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
1%3
|
1%3
|
1%3
|
1%3
|
1%3
|
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
|
Distribution and/or Service (12b-1) Fees
|
1.00%
|
1.00%
|
1.00%
|
1.00%
|
1.00%
|
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
|
Other Expenses
|
0.89%
|
0.47%
|
0.29%
|
0.19%
|
0.21%
|
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.75%
|
0.74%
|
0.71%
|
0.71%
|
|
Total Annual Fund Operating Expenses
|
2.65%
|
2.22%
|
2.03%
|
2.00%
|
2.02%
|
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.40%
|
-0.02%
|
0.00%
|
-0.04%
|
-0.06%
|
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
2.25%
|
2.20%
|
2.03%
|
1.96%
|
1.96%
|
Transition 2050 Fund
Class N
|
Transition 2040 Fund Class N
|
Transition 2030 Fund Class N
|
PS: Active Allocation Fund
Class N
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class N
|
||
Shareholder Fees (fees paid directly from your investment)
|
||||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
None
|
None
|
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
1%4
|
1%4
|
1%4
|
1%4
|
1%4
|
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
|
Distribution and/or Service (12b-1) Fees
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
|
Other Expenses
|
0.72%
|
0.34%
|
0.22%
|
0.14%
|
0.20%
|
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.75%
|
0.74%
|
0.71%
|
0.71%
|
|
Total Annual Fund Operating Expenses
|
1.98%
|
1.59%
|
1.46%
|
1.45%
|
1.51%
|
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.25%
|
0.00%
|
0.00%
|
-0.04%
|
-0.10%
|
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
1.73%
|
1.59%
|
1.46%
|
1.41%
|
1.41%
|
Transition 2050 Fund
Class Y
|
Transition 2040 Fund Class Y
|
Transition 2030 Fund Class Y
|
PS: Active Allocation Fund
Class Y
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class Y
|
||
Shareholder Fees (fees paid directly from your investment)
|
||||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
None
|
None
|
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
None
|
None
|
None
|
None
|
None
|
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
|
Distribution and/or Service (12b-1) Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
|
Other Expenses
|
0.11%
|
0.07%
|
0.04%
|
0.09%
|
0.07%
|
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.75%
|
0.74%
|
0.71%
|
0.71%
|
|
Total Annual Fund Operating Expenses
|
0.87%
|
0.82%
|
0.78%
|
0.90%
|
0.88%
|
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
0.00%
|
0.00%
|
0.00%
|
-0.04%
|
-0.04%
|
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
0.87%
|
0.82%
|
0.78%
|
0.86%
|
0.84%
|
1.
|
A Class A contingent deferred sales charge may apply to redemptions of investments of $1 million or more or to certain retirement plan redemptions.
|
2.
|
Applies to redemptions in the first year after purchase. The contingent deferred sales charge gradually declines from 5% to 1% during years one through six and is eliminated after that.
|
3.
|
Applies to shares redeemed within 12 months of purchase.
|
4.
|
May apply to shares redeemed within 18 months of a retirement plan's first purchase of Class N shares.
|
5.
|
With respect to Transition 2040 Fund and Transition 2050 Fund, the Manager has voluntarily agreed to waive fees and/or reimburse the Fund for certain expenses in order to limit "Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement" (including the combined direct (fund level) and indirect (underlying fund level) expenses, but excluding (i) interest, taxes, dividends tied to short sales, brokerage commissions, and other expenditures which are capitalized in accordance with generally accepted accounting principles; (ii) certain other expenses attributable to, and incurred as a result of, a Fund's investments; and (iii) other extraordinary expenses (including litigation expenses) not incurred in the ordinary course of the Fund's business) to annual rates of 1.50% for Class A shares, 2.25% for Class B shares, 2.25% for Class C shares, 1.75% for Class N shares, and 1.25% for Class Y shares as calculated on the daily net assets of the Fund. This limitation will be applied after giving effect to any reimbursements by the Distributor of 12b-1 fees paid by the Fund with respect to investments in Class A shares of Underlying Funds that do not offer Class Y shares. The Manager is not required to waive or reimburse Fund expenses in excess of the amount of indirect management fees earned from investments in the Underlying Funds. The Fund's Transfer Agent has voluntarily agreed to limit its fees to 0.35% of average daily net assets per fiscal year for all classes. Each of these voluntary fee waivers and/or reimbursements may not be amended or withdrawn until one year from the date of the respective Fund’s prospectus. |
6.
|
With respect to the Acquiring Fund, the Manager has voluntarily agreed to waive fees and/or reimburse certain Fund expenses at an annual rate of 0.04% as calculated on the daily net assets of the Fund. This waiver and/or reimbursement is applied after (and in addition to) any other applicable waivers and/or expense reimbursements that may apply, and may not be amended or withdrawn until one year from the date of the Acquiring Fund’s prospectus. The Manager is not required to waive or reimburse Fund expenses in excess of the amount of indirect management fees earned from investments in the Underlying Funds. The fee waivers and/or expense reimbursements of the Acquiring Fund will apply to the Combined Fund following the Reorganizations.
|
7.
|
The Manager has voluntarily agreed to waive fees and/or reimburse the Combined Fund for certain expenses in order to limit "Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement" (excluding any applicable dividend expense, taxes, interest and fees from borrowing, any subsidiary expenses, Acquired Fund Fees and Expenses, brokerage commissions, extraordinary expenses and certain other Fund expenses) so that such expenses of the Combined Fund do not exceed those of the Acquiring Fund to the extent any difference is attributed to the Reorganization. This fee waiver and/or expense limitation may not be amended or withdrawn until one year from the Closing Date of the Reorganization.
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2030 Fund Class A
|
$698
|
$957
|
$1,236
|
$2,030
|
Transition 2040 Fund Class A
|
$712
|
$1,001
|
$1,312
|
$2,190
|
Transition 2050 Fund Class A
|
$720
|
$1,088
|
$1,479
|
$2,573
|
PS: Active Allocation Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class A
|
$692
|
$949
|
$1,226
|
$2,015
|
If shares are not redeemed2:
|
||||
Transition 2030 Fund Class A
|
$698
|
$957
|
$1,236
|
$2,030
|
Transition 2040 Fund Class A
|
$712
|
$1,001
|
$1,312
|
$2,190
|
Transition 2050 Fund Class A
|
$720
|
$1,088
|
$1,479
|
$2,573
|
PS: Active Allocation Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class A
|
$692
|
$949
|
$1,226
|
$2,015
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2030 Fund Class B
|
$716
|
$968
|
$1,346
|
$2,0483
|
Transition 2040 Fund Class B
|
$731
|
$1,026
|
$1,448
|
$2,2403
|
Transition 2050 Fund Class B
|
$731
|
$1,087
|
$1,570
|
$2,5723
|
PS: Active Allocation Fund Class B
|
$711
|
$961
|
$1,337
|
$2,0293
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class B
|
$711
|
$961
|
$1,337
|
$2,0343
|
If shares are not redeemed2:
|
||||
Transition 2030 Fund Class B
|
$216
|
$668
|
$1,146
|
$2,0483
|
Transition 2040 Fund Class B
|
$231
|
$726
|
$1,248
|
$2,2403
|
Transition 2050 Fund Class B
|
$231
|
$787
|
$1,370
|
$2,5723
|
PS: Active Allocation Fund Class B
|
$211
|
$661
|
$1,137
|
$2,0293
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class B
|
$211
|
$661
|
$1,137
|
$2,0343
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2030 Fund Class C
|
$308
|
$643
|
$1,104
|
$2,382
|
Transition 2040 Fund Class C
|
$326
|
$700
|
$1,201
|
$2,581
|
Transition 2050 Fund Class C
|
$331
|
$795
|
$1,387
|
$2,992
|
PS: Active Allocation Fund Class C
|
$301
|
$630
|
$1,085
|
$2,347
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class C
|
$301
|
$634
|
$1,093
|
$2,367
|
If shares are not redeemed2:
|
||||
Transition 2030 Fund Class C
|
$208
|
$643
|
$1,104
|
$2,382
|
Transition 2040 Fund Class C
|
$226
|
$700
|
$1,201
|
$2,581
|
Transition 2050 Fund Class C
|
$231
|
$795
|
$1,387
|
$2,992
|
PS: Active Allocation Fund Class C
|
$201
|
$630
|
$1,085
|
$2,347
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class C
|
$201
|
$634
|
$1,093
|
$2,367
|
If shares are redeemed:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2030 Fund Class N
|
$250
|
$465
|
$803
|
$1,759
|
Transition 2040 Fund Class N
|
$263
|
$506
|
$872
|
$1,904
|
Transition 2050 Fund Class N
|
$277
|
$603
|
$1,054
|
$2,308
|
PS: Active Allocation Fund Class N
|
$245
|
$458
|
$794
|
$1,744
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class N
|
$245
|
$471
|
$820
|
$1,806
|
If shares are not redeemed:
|
||||
Transition 2030 Fund Class N
|
$150
|
$465
|
$803
|
$1,759
|
Transition 2040 Fund Class N
|
$163
|
$506
|
$872
|
$1,904
|
Transition 2050 Fund Class N
|
$177
|
$603
|
$1,054
|
$2,308
|
PS: Active Allocation Fund Class N
|
$145
|
$458
|
$794
|
$1,744
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class N
|
$145
|
$471
|
$820
|
$1,806
|
If shares are redeemed:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2030 Fund Class Y
|
$80
|
$250
|
$435
|
$970
|
Transition 2040 Fund Class Y
|
$84
|
$263
|
$457
|
$1,018
|
Transition 2050 Fund Class Y
|
$89
|
$279
|
$484
|
$1,077
|
PS: Active Allocation Fund Class Y
|
$88
|
$284
|
$497
|
$1,109
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class Y
|
$86
|
$278
|
$486
|
$1,085
|
If shares are not redeemed:
|
||||
Transition 2030 Fund Class Y
|
$80
|
$250
|
$435
|
$970
|
Transition 2040 Fund Class Y
|
$84
|
$263
|
$457
|
$1,018
|
Transition 2050 Fund Class Y
|
$89
|
$279
|
$484
|
$1,077
|
PS: Active Allocation Fund Class Y
|
$88
|
$284
|
$497
|
$1,109
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class Y
|
$86
|
$278
|
$486
|
$1,085
|
1.
|
In the “If shares are redeemed” examples, expenses include the initial sales charge for Class A and the applicable Class B and Class C contingent deferred sales charges.
|
2.
|
In the “If shares are not redeemed” examples, the Class A expenses include the initial sales charge, but Class B and Class C expenses do not include the contingent deferred sales charges.
|
3.
|
Class B expenses for years 7 through 10 are based on Class A expenses, since Class B shares automatically convert to Class A shares 72 months after purchase.
|
Transition 2030 Fund
Class A
|
PS: Active Allocation Fund
Class A
|
PS: Active Allocation Fund Pro Forma Combined Fund
Class A
|
|
Shareholder Fees (fees paid directly from your investment)
|
|||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
5.75%
|
5.75%
|
5.75%
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
None1
|
None1
|
None1
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
0.25%
|
0.25%
|
0.25%
|
Asset Allocation Fee
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.28%
|
0.19%
|
0.19%
|
Acquired Fund Fees and Expenses
|
0.74%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
1.27%
|
1.25%
|
1.25%
|
Fee Waiver and/or Expense Reimbursement5, 6
|
0.00%
|
-0.04%
|
-0.04%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
1.27%
|
1.21%
|
1.21%
|
Transition 2030 Fund
Class B
|
PS: Active Allocation Fund
Class B
|
PS: Active Allocation Fund Pro Forma Combined Fund
Class B
|
|
Shareholder Fees (fees paid directly from your investment)
|
|||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
5%2
|
5%2
|
5%2
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
1.00%
|
1.00%
|
1.00%
|
Asset Allocation Fee
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.37%
|
0.29%
|
0.29%
|
Acquired Fund Fees and Expenses
|
0.74%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
2.11%
|
2.10%
|
2.10%
|
Fee Waiver and/or Expense Reimbursement5, 6
|
0.00%
|
-0.04%
|
-0.04%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
2.11%
|
2.06%
|
2.06%
|
Transition 2030 Fund
Class C
|
PS: Active Allocation Fund
Class C
|
PS: Active Allocation Fund Pro Forma Combined Fund
Class C
|
|
Shareholder Fees (fees paid directly from your investment)
|
|||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
1%3
|
1%3
|
1%3
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
1.00%
|
1.00%
|
1.00%
|
Asset Allocation Fee
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.29%
|
0.19%
|
0.19%
|
Acquired Fund Fees and Expenses
|
0.74%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
2.03%
|
2.00%
|
2.00%
|
Fee Waiver and/or Expense Reimbursement5, 6
|
0.00%
|
-0.04%
|
-0.04%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
2.03%
|
1.96%
|
1.96%
|
Transition 2030 Fund
Class N
|
PS: Active Allocation Fund
Class N
|
PS: Active Allocation Fund Pro Forma Combined Fund Class N
|
|
Shareholder Fees (fees paid directly from your investment)
|
|||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
1%4
|
1%4
|
1%4
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
0.50%
|
0.50%
|
0.50%
|
Asset Allocation Fee
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.22%
|
0.14%
|
0.15%
|
Acquired Fund Fees and Expenses
|
0.74%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
1.46%
|
1.45%
|
1.46%
|
Fee Waiver and/or Expense Reimbursement5, 6
|
0.00%
|
-0.04%
|
-0.05%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
1.46%
|
1.41%
|
1.41%
|
Transition 2030 Fund
Class Y
|
PS: Active Allocation Fund
Class Y
|
PS: Active Allocation Fund Pro Forma Combined Fund Class Y
|
|
Shareholder Fees (fees paid directly from your investment)
|
|||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
None
|
None
|
None
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
None
|
None
|
None
|
Asset Allocation Fee
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.04%
|
0.09%
|
0.08%
|
Acquired Fund Fees and Expenses
|
0.74%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
0.78%
|
0.90%
|
0.89%
|
Fee Waiver and/or Expense Reimbursement5, 6
|
0.00%
|
-0.04%
|
-0.04%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
0.78%
|
0.86%
|
0.85%
|
1.
|
A Class A contingent deferred sales charge may apply to redemptions of investments of $1 million or more or to certain retirement plan redemptions.
|
2.
|
Applies to redemptions in the first year after purchase. The contingent deferred sales charge gradually declines from 5% to 1% during years one through six and is eliminated after that.
|
3.
|
Applies to shares redeemed within 12 months of purchase.
|
4.
|
May apply to shares redeemed within 18 months of a retirement plan's first purchase of Class N shares.
|
5.
|
With respect to the Acquiring Fund, the Manager has voluntarily agreed to waive fees and/or reimburse certain Fund expenses at an annual rate of 0.04% as calculated on the daily net assets of the Fund. This waiver and/or reimbursement is applied after (and in addition to) any other applicable waivers and/or expense reimbursements that may apply, and may not be amended or withdrawn until one year from the date of the Acquiring Fund’s prospectus. The Manager is not required to waive or reimburse Fund expenses in excess of the amount of indirect management fees earned from investments in the Underlying Funds. The fee waivers and/or expense reimbursements of the Acquiring Fund will apply to the Combined Fund following the Reorganizations.
|
6.
|
The Manager has voluntarily agreed to waive fees and/or reimburse the Combined Fund for certain expenses in order to limit "Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement" (excluding any applicable dividend expense, taxes, interest and fees from borrowing, any subsidiary expenses, Acquired Fund Fees and Expenses, brokerage commissions, extraordinary expenses and certain other Fund expenses) so that such expenses of the Combined Fund do not exceed those of the Acquiring Fund to the extent any difference is attributed to the Reorganization. This fee waiver and/or expense limitation may not be amended or withdrawn until one year from the Closing Date of the Reorganization.
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2030 Fund Class A
|
$698
|
$957
|
$1,236
|
$2,030
|
PS: Active Allocation Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
If shares are not redeemed2:
|
||||
Transition 2030 Fund Class A
|
$698
|
$957
|
$1,236
|
$2,030
|
PS: Active Allocation Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2030 Fund Class B
|
$716
|
$968
|
$1,346
|
$2,0483
|
PS: Active Allocation Fund Class B
|
$711
|
$961
|
$1,337
|
$2,0293
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class B
|
$711
|
$961
|
$1,337
|
$2,0293
|
If shares are not redeemed2:
|
||||
Transition 2030 Fund Class B
|
$216
|
$668
|
$1,146
|
$2,0483
|
PS: Active Allocation Fund Class B
|
$211
|
$661
|
$1,137
|
$2,0293
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class B
|
$211
|
$661
|
$1,137
|
$2,0293
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2030 Fund Class C
|
$308
|
$643
|
$1,104
|
$2,382
|
PS: Active Allocation Fund Class C
|
$301
|
$630
|
$1,085
|
$2,347
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class C
|
$301
|
$630
|
$1,085
|
$2,347
|
If shares are not redeemed2:
|
||||
Transition 2030 Fund Class C
|
$208
|
$643
|
$1,104
|
$2,382
|
PS: Active Allocation Fund Class C
|
$201
|
$630
|
$1,085
|
$2,347
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class C
|
$201
|
$630
|
$1,085
|
$2,347
|
If shares are redeemed:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2030 Fund Class N
|
$250
|
$465
|
$803
|
$1,759
|
PS: Active Allocation Fund Class N
|
$245
|
$458
|
$794
|
$1,744
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class N
|
$245
|
$460
|
$798
|
$1,755
|
If shares are not redeemed:
|
||||
Transition 2030 Fund Class N
|
$150
|
$465
|
$803
|
$1,759
|
PS: Active Allocation Fund Class N
|
$145
|
$458
|
$794
|
$1,744
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class N
|
$145
|
$460
|
$798
|
$1,755
|
If shares are redeemed:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2030 Fund Class Y
|
$80
|
$250
|
$435
|
$970
|
PS: Active Allocation Fund Class Y
|
$88
|
$284
|
$497
|
$1,109
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class Y
|
$87
|
$281
|
$491
|
$1,097
|
If shares are not redeemed:
|
||||
Transition 2030 Fund Class Y
|
$80
|
$250
|
$435
|
$970
|
PS: Active Allocation Fund Class Y
|
$88
|
$284
|
$497
|
$1,109
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class Y
|
$87
|
$281
|
$491
|
$1,097
|
1.
|
In the “If shares are redeemed” examples, expenses include the initial sales charge for Class A and the applicable Class B and Class C contingent deferred sales charges.
|
2.
|
In the “If shares are not redeemed” examples, the Class A expenses include the initial sales charge, but Class B and Class C expenses do not include the contingent deferred sales charges.
|
3.
|
Class B expenses for years 7 through 10 are based on Class A expenses, since Class B shares automatically convert to Class A shares 72 months after purchase.
|
Transition 2040 Fund
Class A
|
PS: Active Allocation Fund
Class A
|
PS: Active Allocation Fund Pro Forma Combined Fund
Class A
|
|
Shareholder Fees (fees paid directly from your investment)
|
|||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
5.75%
|
5.75%
|
5.75%
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
None1
|
None1
|
None1
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
0.25%
|
0.25%
|
0.25%
|
Asset Allocation Fee
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.42%
|
0.19%
|
0.19%
|
Acquired Fund Fees and Expenses
|
0.75%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
1.42%
|
1.25%
|
1.25%
|
Fee Waiver and/or Expense Reimbursement5, 6
|
0.00%
|
-0.04%
|
-0.04%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
1.42%
|
1.21%
|
1.21%
|
Transition 2040 Fund
Class B
|
PS: Active Allocation Fund
Class B
|
PS: Active Allocation Fund Pro Forma Combined Fund
Class B
|
|
Shareholder Fees (fees paid directly from your investment)
|
|||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
5%2
|
5%2
|
5%2
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
1.00%
|
1.00%
|
1.00%
|
Asset Allocation Fee
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.57%
|
0.29%
|
0.29%
|
Acquired Fund Fees and Expenses
|
0.75%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
2.32%
|
2.10%
|
2.10%
|
Fee Waiver and/or Expense Reimbursement5, 6
|
-0.07%
|
-0.04%
|
-0.04%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
2.25%
|
2.06%
|
2.06%
|
Transition 2040 Fund
Class C
|
PS: Active Allocation Fund
Class C
|
PS: Active Allocation Fund Pro Forma Combined Fund
Class C
|
|
Shareholder Fees (fees paid directly from your investment)
|
|||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
1%3
|
1%3
|
1%3
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
1.00%
|
1.00%
|
1.00%
|
Asset Allocation Fee
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.47%
|
0.19%
|
0.20%
|
Acquired Fund Fees and Expenses
|
0.75%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
2.22%
|
2.00%
|
2.01%
|
Fee Waiver and/or Expense Reimbursement5, 6
|
-0.02%
|
-0.04%
|
-0.05%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
2.20%
|
1.96%
|
1.96%
|
Transition 2040 Fund
Class N
|
PS: Active Allocation Fund
Class N
|
PS: Active Allocation Fund Pro Forma Combined Fund Class N
|
|
Shareholder Fees (fees paid directly from your investment)
|
|||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
1%4
|
1%4
|
1%4
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
0.50%
|
0.50%
|
0.50%
|
Asset Allocation Fee
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.34%
|
0.14%
|
0.16%
|
Acquired Fund Fees and Expenses
|
0.75%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
1.59%
|
1.45%
|
1.47%
|
Fee Waiver and/or Expense Reimbursement5, 6
|
0.00%
|
-0.04%
|
-0.06%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
1.59%
|
1.41%
|
1.41%
|
Transition 2040 Fund
Class Y
|
PS: Active Allocation Fund
Class Y
|
PS: Active Allocation Fund Pro Forma Combined Fund Class Y
|
|
Shareholder Fees (fees paid directly from your investment)
|
|||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
None
|
None
|
None
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
None
|
None
|
None
|
Asset Allocation Fee
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.07%
|
0.09%
|
0.07%
|
Acquired Fund Fees and Expenses
|
0.75%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
0.82%
|
0.90%
|
0.88%
|
Fee Waiver and/or Expense Reimbursement5, 6
|
0.00%
|
-0.04%
|
-0.04%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
0.82%
|
0.86%
|
0.84%
|
1.
|
A Class A contingent deferred sales charge may apply to redemptions of investments of $1 million or more or to certain retirement plan redemptions.
|
2.
|
Applies to redemptions in the first year after purchase. The contingent deferred sales charge gradually declines from 5% to 1% during years one through six and is eliminated after that.
|
3.
|
Applies to shares redeemed within 12 months of purchase.
|
4.
|
May apply to shares redeemed within 18 months of a retirement plan's first purchase of Class N shares.
|
5.
|
With respect to the Acquiring Fund, the Manager has voluntarily agreed to waive fees and/or reimburse certain Fund expenses at an annual rate of 0.04% as calculated on the daily net assets of the Fund. This waiver and/or reimbursement is applied after (and in addition to) any other applicable waivers and/or expense reimbursements that may apply, and may not be amended or withdrawn until one year from the date of the Acquiring Fund’s prospectus. The Manager is not required to waive or reimburse Fund expenses in excess of the amount of indirect management fees earned from investments in the Underlying Funds. The fee waivers and/or expense reimbursements of the Acquiring Fund will apply to the Combined Fund following the Reorganizations.
|
6.
|
The Manager has voluntarily agreed to waive fees and/or reimburse the Combined Fund for certain expenses in order to limit "Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement" (excluding any applicable dividend expense, taxes, interest and fees from borrowing, any subsidiary expenses, Acquired Fund Fees and Expenses, brokerage commissions, extraordinary expenses and certain other Fund expenses) so that such expenses of the Combined Fund do not exceed those of the Acquiring Fund to the extent any difference is attributed to the Reorganization. This fee waiver and/or expense limitation may not be amended or withdrawn until one year from the Closing Date of the Reorganization.
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2040 Fund Class A
|
$712
|
$1,001
|
$1,312
|
$2,190
|
PS: Active Allocation Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
If shares are not redeemed2:
|
||||
Transition 2040 Fund Class A
|
$712
|
$1,001
|
$1,312
|
$2,190
|
PS: Active Allocation Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2040 Fund Class B
|
$731
|
$1,026
|
$1,448
|
$2,2403
|
PS: Active Allocation Fund Class B
|
$711
|
$961
|
$1,337
|
$2,0293
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class B
|
$711
|
$961
|
$1,337
|
$2,0293
|
If shares are not redeemed2:
|
||||
Transition 2040 Fund Class B
|
$231
|
$726
|
$1,248
|
$2,2403
|
PS: Active Allocation Fund Class B
|
$211
|
$661
|
$1,137
|
$2,0293
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class B
|
$211
|
$661
|
$1,137
|
$2,0293
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2040 Fund Class C
|
$326
|
$700
|
$1,201
|
$2,581
|
PS: Active Allocation Fund Class C
|
$301
|
$630
|
$1,085
|
$2,347
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class C
|
$301
|
$632
|
$1,089
|
$2,357
|
If shares are not redeemed2:
|
||||
Transition 2040 Fund Class C
|
$226
|
$700
|
$1,201
|
$2,581
|
PS: Active Allocation Fund Class C
|
$201
|
$630
|
$1,085
|
$2,347
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class C
|
$201
|
$632
|
$1,089
|
$2,357
|
If shares are redeemed:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2040 Fund Class N
|
$263
|
$506
|
$872
|
$1,904
|
PS: Active Allocation Fund Class N
|
$245
|
$458
|
$794
|
$1,744
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class N
|
$245
|
$462
|
$803
|
$1,765
|
If shares are not redeemed:
|
||||
Transition 2040 Fund Class N
|
$163
|
$506
|
$872
|
$1,904
|
PS: Active Allocation Fund Class N
|
$145
|
$458
|
$794
|
$1,744
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class N
|
$145
|
$462
|
$803
|
$1,765
|
If shares are redeemed:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2040 Fund Class Y
|
$84
|
$263
|
$457
|
$1,018
|
PS: Active Allocation Fund Class Y
|
$88
|
$284
|
$497
|
$1,109
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class Y
|
$86
|
$278
|
$486
|
$1,085
|
If shares are not redeemed:
|
||||
Transition 2040 Fund Class Y
|
$84
|
$263
|
$457
|
$1,018
|
PS: Active Allocation Fund Class Y
|
$88
|
$284
|
$497
|
$1,109
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class Y
|
$86
|
$278
|
$486
|
$1,085
|
1.
|
In the “If shares are redeemed” examples, expenses include the initial sales charge for Class A and the applicable Class B and Class C contingent deferred sales charges.
|
2.
|
In the “If shares are not redeemed” examples, the Class A expenses include the initial sales charge, but Class B and Class C expenses do not include the contingent deferred sales charges.
|
3.
|
Class B expenses for years 7 through 10 are based on Class A expenses, since Class B shares automatically convert to Class A shares 72 months after purchase.
|
Transition 2050 Fund
Class A
|
PS: Active Allocation Fund
Class A
|
PS: Active Allocation Fund Pro Forma Combined Fund
Class A
|
|
Shareholder Fees (fees paid directly from your investment)
|
|||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
5.75%
|
5.75%
|
5.75%
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
None1
|
None1
|
None1
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
0.25%
|
0.25%
|
0.25%
|
Asset Allocation Fee
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.80%
|
0.19%
|
0.20%
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
1.81%
|
1.25%
|
1.26%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.31%
|
-0.04%
|
-0.05%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
1.50%
|
1.21%
|
1.21%
|
Transition 2050 Fund
Class B
|
PS: Active Allocation Fund
Class B
|
PS: Active Allocation Fund Pro Forma Combined Fund
Class B
|
|
Shareholder Fees (fees paid directly from your investment)
|
|||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
5%2
|
5%2
|
5%2
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
1.00%
|
1.00%
|
1.00%
|
Asset Allocation Fee
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.85%
|
0.29%
|
0.29%
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
2.61%
|
2.10%
|
2.10%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.36%
|
-0.04%
|
-0.04%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
2.25%
|
2.06%
|
2.06%
|
Transition 2050 Fund
Class C
|
PS: Active Allocation Fund
Class C
|
PS: Active Allocation Fund Pro Forma Combined Fund
Class C
|
|
Shareholder Fees (fees paid directly from your investment)
|
|||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
1%3
|
1%3
|
1%3
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
1.00%
|
1.00%
|
1.00%
|
Asset Allocation Fee
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.89%
|
0.19%
|
0.20%
|
Acquiring Fund Fees and Expenses
|
0.76%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
2.65%
|
2.00%
|
2.01%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.40%
|
-0.04%
|
-0.05%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
2.25%
|
1.96%
|
1.96%
|
Transition 2050 Fund
Class N
|
PS: Active Allocation Fund
Class N
|
PS: Active Allocation Fund Pro Forma Combined Fund Class N
|
|
Shareholder Fees (fees paid directly from your investment)
|
|||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
1%4
|
1%4
|
1%4
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
0.50%
|
0.50%
|
0.50%
|
Asset Allocation Fee
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.72%
|
0.14%
|
0.18%
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
1.98%
|
1.45%
|
1.49%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.25%
|
-0.04%
|
-0.08%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
1.73%
|
1.41%
|
1.41%
|
Transition 2050 Fund
Class Y
|
PS: Active Allocation Fund
Class Y
|
PS: Active Allocation Fund Pro Forma Combined Fund Class Y
|
|
Shareholder Fees (fees paid directly from your investment)
|
|||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
None
|
None
|
None
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
None
|
None
|
None
|
Asset Allocation Fee
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.11%
|
0.09%
|
0.08%
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
0.87%
|
0.90%
|
0.89%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
0.00%
|
-0.04%
|
-0.04%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
0.87%
|
0.86%
|
0.85%
|
1.
|
A Class A contingent deferred sales charge may apply to redemptions of investments of $1 million or more or to certain retirement plan redemptions.
|
2.
|
Applies to redemptions in the first year after purchase. The contingent deferred sales charge gradually declines from 5% to 1% during years one through six and is eliminated after that.
|
3.
|
Applies to shares redeemed within 12 months of purchase.
|
4.
|
May apply to shares redeemed within 18 months of a retirement plan's first purchase of Class N shares.
|
5.
|
With respect to the Transition 2050 Fund, the Manager has voluntarily agreed to waive fees and/or reimburse the Fund for certain expenses in order to limit "Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement" (including the combined direct (fund level) and indirect (underlying fund level) expenses, but excluding (i) interest, taxes, dividends tied to short sales, brokerage commissions, and other expenditures which are capitalized in accordance with generally accepted accounting principles; (ii) certain other expenses attributable to, and incurred as a result of, a Fund's investments; and (iii) other extraordinary expenses (including litigation expenses) not incurred in the ordinary course of the Fund's business) to annual rates of 1.50% for Class A shares, 2.25% for Class B shares, 2.25% for Class C shares, 1.75% for Class N shares, and 1.25% for C lass Y shares as calculated on the daily net assets of the Fund. This limitation will be applied after giving effect to any reimbursements by the Distributor of 12b-1 fees paid by the Fund with respect to investments in Class A shares of Underlying Funds that do not offer Class Y shares. The Manager is not required to waive or reimburse Fund expenses in excess of the amount of indirect management fees earned from investments in the Underlying Funds. The Fund's Transfer Agent has voluntarily agreed to limit its fees to 0.35% of average daily net assets per fiscal year for all classes. Each of these voluntary fee waivers and/or reimbursements may not be amended or withdrawn until one year from the date of the Transition 2050 Fund’s prospectus. |
6.
|
With respect to the Acquiring Fund, the Manager has voluntarily agreed to waive fees and/or reimburse certain Fund expenses at an annual rate of 0.04% as calculated on the daily net assets of the Fund. This waiver and/or reimbursement is applied after (and in addition to) any other applicable waivers and/or expense reimbursements that may apply, and may not be amended or withdrawn until one year from the date of the Acquiring Fund’s prospectus. The Manager is not required to waive or reimburse Fund expenses in excess of the amount of indirect management fees earned from investments in the Underlying Funds. The fee waivers and/or expense reimbursements of the Acquiring Fund will apply to the Combined Fund following the Reorganizations.
|
7.
|
The Manager has voluntarily agreed to waive fees and/or reimburse the Combined Fund for certain expenses in order to limit "Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement" (excluding any applicable dividend expense, taxes, interest and fees from borrowing, any subsidiary expenses, Acquired Fund Fees and Expenses, brokerage commissions, extraordinary expenses and certain other Fund expenses) so that such expenses of the Combined Fund do not exceed those of the Acquiring Fund to the extent any difference is attributed to the Reorganization. This fee waiver and/or expense limitation may not be amended or withdrawn until one year from the Closing Date of the Reorganization.
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2050 Fund Class A
|
$720
|
$1,088
|
$1,479
|
$2,573
|
PS: Active Allocation Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class A
|
$692
|
$949
|
$1,226
|
$2,015
|
If shares are not redeemed2:
|
||||
Transition 2050 Fund Class A
|
$720
|
$1,088
|
$1,479
|
$2,573
|
PS: Active Allocation Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class A
|
$692
|
$949
|
$1,226
|
$2,015
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2050 Fund Class B
|
$731
|
$1,087
|
$1,570
|
$2,5723
|
PS: Active Allocation Fund Class B
|
$711
|
$961
|
$1,337
|
$2,0293
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class B
|
$711
|
$961
|
$1,337
|
$2,0343
|
If shares are not redeemed2:
|
||||
Transition 2050 Fund Class B
|
$231
|
$787
|
$1,370
|
$2,5723
|
PS: Active Allocation Fund Class B
|
$211
|
$661
|
$1,137
|
$2,0293
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class B
|
$211
|
$661
|
$1,137
|
$2,0343
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2050 Fund Class C
|
$331
|
$795
|
$1,387
|
$2,992
|
PS: Active Allocation Fund Class C
|
$301
|
$630
|
$1,085
|
$2,347
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class C
|
$301
|
$632
|
$1,089
|
$2,357
|
If shares are not redeemed2:
|
||||
Transition 2050 Fund Class C
|
$231
|
$795
|
$1,387
|
$2,992
|
PS: Active Allocation Fund Class C
|
$201
|
$630
|
$1,085
|
$2,347
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class C
|
$201
|
$632
|
$1,089
|
$2,357
|
If shares are redeemed:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2050 Fund Class N
|
$277
|
$603
|
$1,054
|
$2,308
|
PS: Active Allocation Fund Class N
|
$245
|
$458
|
$794
|
$1,744
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class N
|
$245
|
$467
|
$811
|
$1,786
|
If shares are not redeemed:
|
||||
Transition 2050 Fund Class N
|
$177
|
$603
|
$1,054
|
$2,308
|
PS: Active Allocation Fund Class N
|
$145
|
$458
|
$794
|
$1,744
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class N
|
$145
|
$467
|
$811
|
$1,786
|
If shares are redeemed:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2050 Fund Class Y
|
$89
|
$279
|
$484
|
$1,077
|
PS: Active Allocation Fund Class Y
|
$88
|
$284
|
$497
|
$1,109
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class Y
|
$87
|
$281
|
$491
|
$1,097
|
If shares are not redeemed:
|
||||
Transition 2050 Fund Class Y
|
$89
|
$279
|
$484
|
$1,077
|
PS: Active Allocation Fund Class Y
|
$88
|
$284
|
$497
|
$1,109
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class Y
|
$87
|
$281
|
$491
|
$1,097
|
1.
|
In the “If shares are redeemed” examples, expenses include the initial sales charge for Class A and the applicable Class B and Class C contingent deferred sales charges.
|
2.
|
In the “If shares are not redeemed” examples, the Class A expenses include the initial sales charge, but Class B and Class C expenses do not include the contingent deferred sales charges.
|
3.
|
Class B expenses for years 7 through 10 are based on Class A expenses, since Class B shares automatically convert to Class A shares 72 months after purchase.
|
Transition 2040 Fund
Class A
|
Transition 2030 Fund Class A
|
PS: Active Allocation Fund
Class A
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class A
|
|
Shareholder Fees (fees paid directly from your investment)
|
||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
5.75%
|
5.75%
|
5.75%
|
5.75%
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
None1
|
None1
|
None1
|
None1
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
0.25%
|
0.25%
|
0.25%
|
0.25%
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.42%
|
0.28%
|
0.19%
|
0.20%
|
Acquired Fund Fees and Expenses
|
0.75%
|
0.74%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
1.42%
|
1.27%
|
1.25%
|
1.26%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
0.00%
|
0.00%
|
-0.04%
|
-0.05%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
1.42%
|
1.27%
|
1.21%
|
1.21%
|
Transition 2040 Fund
Class B
|
Transition 2030 Fund Class B
|
PS: Active Allocation Fund
Class B
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class B
|
|
Shareholder Fees (fees paid directly from your investment)
|
||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
5%2
|
5%2
|
5%2
|
5%2
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
1.00%
|
1.00%
|
1.00%
|
1.00%
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.57%
|
0.37%
|
0.29%
|
0.29%
|
Acquired Fund Fees and Expenses
|
0.75%
|
0.74%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
2.32%
|
2.11%
|
2.10%
|
2.10%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.07%
|
0.00%
|
-0.04%
|
-0.04%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
2.25%
|
2.11%
|
2.06%
|
2.06%
|
Transition 2040 Fund
Class C
|
Transition 2030 Fund Class C
|
PS: Active Allocation Fund
Class C
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class C
|
|
Shareholder Fees (fees paid directly from your investment)
|
||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
1%3
|
1%3
|
1%3
|
1%3
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
1.00%
|
1.00%
|
1.00%
|
1.00%
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.47%
|
0.29%
|
0.19%
|
0.20%
|
Acquired Fund Fees and Expenses
|
0.75%
|
0.74%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
2.22%
|
2.03%
|
2.00%
|
2.01%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.02%
|
0.00%
|
-0.04%
|
-0.05%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
2.20%
|
2.03%
|
1.96%
|
1.96%
|
Transition 2040 Fund
Class N
|
Transition 2030 Fund Class N
|
PS: Active Allocation Fund
Class N
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class N
|
|
Shareholder Fees (fees paid directly from your investment)
|
||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
1%4
|
1%4
|
1%4
|
1%4
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.34%
|
0.22%
|
0.14%
|
0.17%
|
Acquired Fund Fees and Expenses
|
0.75%
|
0.74%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
1.59%
|
1.46%
|
1.45%
|
1.48%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
0.00%
|
0.00%
|
-0.04%
|
-0.07%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
1.59%
|
1.46%
|
1.41%
|
1.41%
|
Transition 2040 Fund
Class Y
|
Transition 2030 Fund Class Y
|
PS: Active Allocation Fund
Class Y
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class Y
|
|
Shareholder Fees (fees paid directly from your investment)
|
||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
None
|
None
|
None
|
None
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.07%
|
0.04%
|
0.09%
|
0.07%
|
Acquired Fund Fees and Expenses
|
0.75%
|
0.74%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
0.82%
|
0.78%
|
0.90%
|
0.88%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
0.00%
|
0.00%
|
-0.04%
|
-0.04%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
0.82%
|
0.78%
|
0.86%
|
0.84%
|
1.
|
A Class A contingent deferred sales charge may apply to redemptions of investments of $1 million or more or to certain retirement plan redemptions.
|
2.
|
Applies to redemptions in the first year after purchase. The contingent deferred sales charge gradually declines from 5% to 1% during years one through six and is eliminated after that.
|
3.
|
Applies to shares redeemed within 12 months of purchase.
|
4.
|
May apply to shares redeemed within 18 months of a retirement plan's first purchase of Class N shares.
|
5.
|
With respect to Transition 2040 Fund, the Manager has voluntarily agreed to waive fees and/or reimburse the Fund for certain expenses in order to limit "Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement" (including the combined direct (fund level) and indirect (underlying fund level) expenses, but excluding (i) interest, taxes, dividends tied to short sales, brokerage commissions, and other expenditures which are capitalized in accordance with generally accepted accounting principles; (ii) certain other expenses attributable to, and incurred as a result of, a Fund's investments; and (iii) other extraordinary expenses (including litigation expenses) not incurred in the ordinary course of the Fund's business) to annual rates of 1.50% for Class A shares, 2.25% for Class B shares, 2.25% for Class C shares, 1.75% for Class N shares, and 1.25% for C lass Y shares as calculated on the daily net assets of the Fund. This limitation will be applied after giving effect to any reimbursements by the Distributor of 12b-1 fees paid by the Fund with respect to investments in Class A shares of Underlying Funds that do not offer Class Y shares. The Manager is not required to waive or reimburse Fund expenses in excess of the amount of indirect management fees earned from investments in the Underlying Funds. The Fund's Transfer Agent has voluntarily agreed to limit its fees to 0.35% of average daily net assets per fiscal year for all classes. Each of these voluntary fee waivers and/or reimbursements may not be amended or withdrawn until one year from the date of the Transition 2040 Fund’s prospectus. |
6.
|
With respect to the Acquiring Fund, the Manager has voluntarily agreed to waive fees and/or reimburse certain Fund expenses at an annual rate of 0.04% as calculated on the daily net assets of the Fund. This waiver and/or reimbursement is applied after (and in addition to) any other applicable waivers and/or expense reimbursements that may apply, and may not be amended or withdrawn until one year from the date of the Acquiring Fund’s prospectus. The Manager is not required to waive or reimburse Fund expenses in excess of the amount of indirect management fees earned from investments in the Underlying Funds. The fee waivers and/or expense reimbursements of the Acquiring Fund will apply to the Combined Fund following the Reorganizations.
|
7.
|
The Manager has voluntarily agreed to waive fees and/or reimburse the Combined Fund for certain expenses in order to limit "Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement" (excluding any applicable dividend expense, taxes, interest and fees from borrowing, any subsidiary expenses, Acquired Fund Fees and Expenses, brokerage commissions, extraordinary expenses and certain other Fund expenses) so that such expenses of the Combined Fund do not exceed those of the Acquiring Fund to the extent any difference is attributed to the Reorganization. This fee waiver and/or expense limitation may not be amended or withdrawn until one year from the Closing Date of the Reorganization.
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2040 Fund Class A
|
$712
|
$1,001
|
$1,312
|
$2,190
|
Transition 2030 Class A
|
$698
|
$957
|
$1,236
|
$2,030
|
PS: Active Allocation Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class A
|
$692
|
$949
|
$1,226
|
$2,015
|
If shares are not redeemed2:
|
||||
Transition 2040 Fund Class A
|
$712
|
$1,001
|
$1,312
|
$2,190
|
Transition 2030 Class A
|
$698
|
$957
|
$1,236
|
$2,030
|
PS: Active Allocation Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class A
|
$692
|
$949
|
$1,226
|
$2,015
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2040 Fund Class B
|
$731
|
$1,026
|
$1,448
|
$2,2403
|
Transition 2030 Class B
|
$716
|
$968
|
$1,346
|
$2,0483
|
PS: Active Allocation Fund Class B
|
$711
|
$961
|
$1,337
|
$2,0293
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class B
|
$711
|
$961
|
$1,337
|
$2,0343
|
If shares are not redeemed2:
|
||||
Transition 2040 Fund Class B
|
$231
|
$726
|
$1,248
|
$2,2403
|
Transition 2030 Class B
|
$216
|
$668
|
$1,146
|
$2,0483
|
PS: Active Allocation Fund Class B
|
$211
|
$661
|
$1,137
|
$2,0293
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class B
|
$211
|
$661
|
$1,137
|
$2,0343
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2040 Fund Class C
|
$326
|
$700
|
$1,201
|
$2,581
|
Transition 2030 Class C
|
$308
|
$643
|
$1,104
|
$2,382
|
PS: Active Allocation Fund Class C
|
$301
|
$630
|
$1,085
|
$2,347
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class C
|
$301
|
$632
|
$1,089
|
$2,357
|
If shares are not redeemed2:
|
||||
Transition 2040 Fund Class C
|
$226
|
$700
|
$1,201
|
$2,581
|
Transition 2030 Class C
|
$208
|
$643
|
$1,104
|
$2,382
|
PS: Active Allocation Fund Class C
|
$201
|
$630
|
$1,085
|
$2,347
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class C
|
$201
|
$632
|
$1,089
|
$2,357
|
If shares are redeemed:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2040 Fund Class N
|
$263
|
$506
|
$872
|
$1,904
|
Transition 2030 Class N
|
$250
|
$465
|
$803
|
$1,759
|
PS: Active Allocation Fund Class N
|
$245
|
$458
|
$794
|
$1,744
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class N
|
$245
|
$464
|
$807
|
$1,775
|
If shares are not redeemed:
|
||||
Transition 2040 Fund Class N
|
$163
|
$506
|
$872
|
$1,904
|
Transition 2030 Class N
|
$150
|
$465
|
$803
|
$1,759
|
PS: Active Allocation Fund Class N
|
$145
|
$458
|
$794
|
$1,744
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class N
|
$145
|
$464
|
$807
|
$1,775
|
If shares are redeemed:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2040 Fund Class Y
|
$84
|
$263
|
$457
|
$1,018
|
Transition 2030 Class Y
|
$80
|
$250
|
$435
|
$970
|
PS: Active Allocation Fund Class Y
|
$88
|
$284
|
$497
|
$1,109
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class Y
|
$86
|
$278
|
$486
|
$1,085
|
If shares are not redeemed:
|
||||
Transition 2040 Fund Class Y
|
$84
|
$263
|
$457
|
$1,018
|
Transition 2030 Class Y
|
$80
|
$250
|
$435
|
$970
|
PS: Active Allocation Fund Class Y
|
$88
|
$284
|
$497
|
$1,109
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class Y
|
$86
|
$278
|
$486
|
$1,085
|
1.
|
In the “If shares are redeemed” examples, expenses include the initial sales charge for Class A and the applicable Class B and Class C contingent deferred sales charges.
|
2.
|
In the “If shares are not redeemed” examples, the Class A expenses include the initial sales charge, but Class B and Class C expenses do not include the contingent deferred sales charges.
|
3.
|
Class B expenses for years 7 through 10 are based on Class A expenses, since Class B shares automatically convert to Class A shares 72 months after purchase.
|
Transition 2050 Fund
Class A
|
Transition 2040 Fund Class A
|
PS: Active Allocation Fund
Class A
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class A
|
|
Shareholder Fees (fees paid directly from your investment)
|
||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
5.75%
|
5.75%
|
5.75%
|
5.75%
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
None1
|
None1
|
None1
|
None1
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
0.25%
|
0.25%
|
0.25%
|
0.25%
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.80%
|
0.42%
|
0.19%
|
0.20%
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.75%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
1.81%
|
1.42%
|
1.25%
|
1.26%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.31%
|
0.00%
|
-0.04%
|
-0.05%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
1.50%
|
1.42%
|
1.21%
|
1.21%
|
Transition 2050 Fund
Class B
|
Transition 2040 Fund Class B
|
PS: Active Allocation Fund
Class B
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class B
|
|
Shareholder Fees (fees paid directly from your investment)
|
||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
5%2
|
5%2
|
5%2
|
5%2
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
1.00%
|
1.00%
|
1.00%
|
1.00%
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.85%
|
0.57%
|
0.29%
|
0.29%
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.75%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
2.61%
|
2.32%
|
2.10%
|
2.10%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.36%
|
-0.07%
|
-0.04%
|
-0.04%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
2.25%
|
2.25%
|
2.06%
|
2.06%
|
Transition 2050 Fund
Class C
|
Transition 2040 Fund Class C
|
PS: Active Allocation Fund
Class C
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class C
|
|
Shareholder Fees (fees paid directly from your investment)
|
||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
1%3
|
1%3
|
1%3
|
1%3
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
1.00%
|
1.00%
|
1.00%
|
1.00%
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.89%
|
0.47%
|
0.19%
|
0.21%
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.75%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
2.65%
|
2.22%
|
2.00%
|
2.02%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.40%
|
-0.02%
|
-0.04%
|
-0.06%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
2.25%
|
2.20%
|
1.96%
|
1.96%
|
Transition 2050 Fund
Class N
|
Transition 2040 Fund Class N
|
PS: Active Allocation Fund
Class N
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class N
|
|
Shareholder Fees (fees paid directly from your investment)
|
||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
1%4
|
1%4
|
1%4
|
1%4
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.72%
|
0.34%
|
0.14%
|
0.20%
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.75%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
1.98%
|
1.59%
|
1.45%
|
1.51%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.25%
|
0.00%
|
-0.04%
|
-0.10%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
1.73%
|
1.59%
|
1.41%
|
1.41%
|
Transition 2050 Fund
Class Y
|
Transition 2040 Fund Class Y
|
PS: Active Allocation Fund
Class Y
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class Y
|
|
Shareholder Fees (fees paid directly from your investment)
|
||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
None
|
None
|
None
|
None
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.11%
|
0.07%
|
0.09%
|
0.07%
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.75%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
0.87%
|
0.82%
|
0.90%
|
0.88%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
0.00%
|
0.00%
|
-0.04%
|
-0.04%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
0.87%
|
0.82%
|
0.86%
|
0.84%
|
1.
|
A Class A contingent deferred sales charge may apply to redemptions of investments of $1 million or more or to certain retirement plan redemptions.
|
2.
|
Applies to redemptions in the first year after purchase. The contingent deferred sales charge gradually declines from 5% to 1% during years one through six and is eliminated after that.
|
3.
|
Applies to shares redeemed within 12 months of purchase.
|
4.
|
May apply to shares redeemed within 18 months of a retirement plan's first purchase of Class N shares.
|
5.
|
With respect to the Transition 2040 Fund and the Transition 2050 Fund, the Manager has voluntarily agreed to waive fees and/or reimburse the Fund for certain expenses in order to limit "Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement" (including the combined direct (fund level) and indirect (underlying fund level) expenses, but excluding (i) interest, taxes, dividends tied to short sales, brokerage commissions, and other expenditures which are capitalized in accordance with generally accepted accounting principles; (ii) certain other expenses attributable to, and incurred as a result of, a Fund's investments; and (iii) other extraordinary expenses (including litigation expenses) not incurred in the ordinary course of the Fund's business) to annual rates of 1.50% for Class A shares, 2.25% for Class B shares, 2.25% for Class C shares, 1.75% for Class N shares, and 1.25% for C lass Y shares as calculated on the daily net assets of the Fund. This limitation will be applied after giving effect to any reimbursements by the Distributor of 12b-1 fees paid by the Fund with respect to investments in Class A shares of Underlying Funds that do not offer Class Y shares. The Manager is not required to waive or reimburse Fund expenses in excess of the amount of indirect management fees earned from investments in the Underlying Funds. The Fund's Transfer Agent has voluntarily agreed to limit its fees to 0.35% of average daily net assets per fiscal year for all classes. Each of these voluntary fee waivers and/or reimbursements may not be amended or withdrawn until one year from the date of the respective Fund’s prospectus. |
6.
|
With respect to the Acquiring Fund, the Manager has voluntarily agreed to waive fees and/or reimburse certain Fund expenses at an annual rate of 0.04% as calculated on the daily net assets of the Fund. This waiver and/or reimbursement is applied after (and in addition to) any other applicable waivers and/or expense reimbursements that may apply, and may not be amended or withdrawn until one year from the date of the Acquiring Fund’s prospectus. The Manager is not required to waive or reimburse Fund expenses in excess of the amount of indirect management fees earned from investments in the Underlying Funds. The fee waivers and/or expense reimbursements of the Acquiring Fund will apply to the Combined Fund following the Reorganizations.
|
7.
|
The Manager has voluntarily agreed to waive fees and/or reimburse the Combined Fund for certain expenses in order to limit "Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement" (excluding any applicable dividend expense, taxes, interest and fees from borrowing, any subsidiary expenses, Acquired Fund Fees and Expenses, brokerage commissions, extraordinary expenses and certain other Fund expenses) so that such expenses of the Combined Fund do not exceed those of the Acquiring Fund to the extent any difference is attributed to the Reorganization. This fee waiver and/or expense limitation may not be amended or withdrawn until one year from the Closing Date of the Reorganization.
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2050 Fund Class A
|
$720
|
$1,088
|
$1,479
|
$2,573
|
Transition 2040 Class A
|
$712
|
$1001
|
$1,312
|
$2,190
|
PS: Active Allocation Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class A
|
$692
|
$949
|
$1,226
|
$2,015
|
If shares are not redeemed2:
|
||||
Transition 2050 Fund Class A
|
$720
|
$1,088
|
$1,479
|
$2,573
|
Transition 2040 Class A
|
$712
|
$1001
|
$1,312
|
$2,190
|
PS: Active Allocation Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class A
|
$692
|
$949
|
$1,226
|
$2,015
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2050 Fund Class B
|
$731
|
$1,087
|
$1,570
|
$2,5723
|
Transition 2040 Class B
|
$731
|
$1,026
|
$1,448
|
$2,2403
|
PS: Active Allocation Fund Class B
|
$711
|
$961
|
$1,337
|
$2,0293
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class B
|
$711
|
$961
|
$1,337
|
$2,0343
|
If shares are not redeemed2:
|
||||
Transition 2050 Fund Class B
|
$231
|
$787
|
$1,370
|
$2,5723
|
Transition 2040 Class B
|
$231
|
$726
|
$1,248
|
$2,2403
|
PS: Active Allocation Fund Class B
|
$211
|
$661
|
$1,137
|
$2,0293
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class B
|
$211
|
$661
|
$1,137
|
$2,0343
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2050 Fund Class C
|
$331
|
$795
|
$1,387
|
$2,992
|
Transition 2040 Class C
|
$326
|
$700
|
$1,201
|
$2,581
|
PS: Active Allocation Fund Class C
|
$301
|
$630
|
$1,085
|
$2,347
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class C
|
$301
|
$634
|
$1,093
|
$2,367
|
If shares are not redeemed2:
|
||||
Transition 2050 Fund Class C
|
$231
|
$795
|
$1,387
|
$2,992
|
Transition 2040 Class C
|
$226
|
$700
|
$1,201
|
$2,581
|
PS: Active Allocation Fund Class C
|
$201
|
$630
|
$1,085
|
$2,347
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class C
|
$201
|
$634
|
$1,093
|
$2,367
|
If shares are redeemed:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2050 Fund Class N
|
$277
|
$603
|
$1,054
|
$2,308
|
Transition 2040 Class N
|
$263
|
$506
|
$872
|
$1,904
|
PS: Active Allocation Fund Class N
|
$245
|
$458
|
$794
|
$1,744
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class N
|
$245
|
$471
|
$820
|
$1,806
|
If shares are not redeemed:
|
||||
Transition 2050 Fund Class N
|
$177
|
$603
|
$1,054
|
$2,308
|
Transition 2040 Class N
|
$163
|
$506
|
$872
|
$1,904
|
PS: Active Allocation Fund Class N
|
$145
|
$458
|
$794
|
$1,744
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class N
|
$145
|
$471
|
$820
|
$1,806
|
If shares are redeemed:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2050 Fund Class Y
|
$89
|
$279
|
$484
|
$1,077
|
Transition 2040 Class Y
|
$84
|
$263
|
$457
|
$1,018
|
PS: Active Allocation Fund Class Y
|
$88
|
$284
|
$497
|
$1,109
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class Y
|
$86
|
$278
|
$486
|
$1,085
|
If shares are not redeemed:
|
||||
Transition 2050 Fund Class Y
|
$89
|
$279
|
$484
|
$1,077
|
Transition 2040 Class Y
|
$84
|
$263
|
$457
|
$1,018
|
PS: Active Allocation Fund Class Y
|
$88
|
$284
|
$497
|
$1,109
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class Y
|
$86
|
$278
|
$486
|
$1,085
|
1.
|
In the “If shares are redeemed” examples, expenses include the initial sales charge for Class A and the applicable Class B and Class C contingent deferred sales charges.
|
2.
|
In the “If shares are not redeemed” examples, the Class A expenses include the initial sales charge, but Class B and Class C expenses do not include the contingent deferred sales charges.
|
3.
|
Class B expenses for years 7 through 10 are based on Class A expenses, since Class B shares automatically convert to Class A shares 72 months after purchase.
|
Transition 2050 Fund
Class A
|
Transition 2030 Fund Class A
|
PS: Active Allocation Fund
Class A
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class A
|
|
Shareholder Fees (fees paid directly from your investment)
|
||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
5.75%
|
5.75%
|
5.75%
|
5.75%
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
None1
|
None1
|
None1
|
None1
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
0.25%
|
0.25%
|
0.25%
|
0.25%
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.80%
|
0.28%
|
0.19%
|
0.20%
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.74%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
1.81%
|
1.27%
|
1.25%
|
1.26%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.31%
|
0.00%
|
-0.04%
|
-0.05%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
1.50%
|
1.27%
|
1.21%
|
1.21%
|
Transition 2050 Fund
Class B
|
Transition 2030 Fund Class B
|
PS: Active Allocation Fund
Class B
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class B
|
|
Shareholder Fees (fees paid directly from your investment)
|
||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
5%2
|
5%2
|
5%2
|
5%2
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
1.00%
|
1.00%
|
1.00%
|
1.00%
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.85%
|
0.37%
|
0.29%
|
0.29%
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.74%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
2.61%
|
2.11%
|
2.10%
|
2.10%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.36%
|
0.00%
|
-0.04%
|
-0.04%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
2.25%
|
2.11%
|
2.06%
|
2.06%
|
Transition 2050 Fund
Class C
|
Transition 2030 Fund Class C
|
PS: Active Allocation Fund
Class C
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class C
|
|
Shareholder Fees (fees paid directly from your investment)
|
||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
1%3
|
1%3
|
1%3
|
1%3
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
1.00%
|
1.00%
|
1.00%
|
1.00%
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.89%
|
0.29%
|
0.19%
|
0.20%
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.74%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
2.65%
|
2.03%
|
2.00%
|
2.01%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.40%
|
0.00%
|
-0.04%
|
-0.05%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
2.25%
|
2.03%
|
1.96%
|
1.96%
|
Transition 2050 Fund
Class N
|
Transition 2030 Fund Class N
|
PS: Active Allocation Fund
Class N
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class N
|
|
Shareholder Fees (fees paid directly from your investment)
|
||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
1%4
|
1%4
|
1%4
|
1%4
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
0.50%
|
0.50%
|
0.50%
|
0.50%
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.72%
|
0.22%
|
0.14%
|
0.18%
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.74%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
1.98%
|
1.46%
|
1.45%
|
1.49%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
-0.25%
|
0.00%
|
-0.04%
|
-0.08%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
1.73%
|
1.46%
|
1.41%
|
1.41%
|
Transition 2050 Fund
Class Y
|
Transition 2030 Fund Class Y
|
PS: Active Allocation Fund
Class Y
|
PS: Active Allocation Fund
Pro Forma Combined Fund
Class Y
|
|
Shareholder Fees (fees paid directly from your investment)
|
||||
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price)
|
None
|
None
|
None
|
None
|
Maximum Deferred Sales Charge (Load) (as a % of the lower of the original offering price or redemption proceeds)
|
None
|
None
|
None
|
None
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
||||
Management Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Distribution and/or Service (12b-1) Fees
|
0.00%
|
0.00%
|
0.00%
|
0.00%
|
Asset Allocation Fee
|
0.00%
|
0.00%
|
0.10%
|
0.10%
|
Other Expenses
|
0.11%
|
0.04%
|
0.09%
|
0.08%
|
Acquired Fund Fees and Expenses
|
0.76%
|
0.74%
|
0.71%
|
0.71%
|
Total Annual Fund Operating Expenses
|
0.87%
|
0.78%
|
0.90%
|
0.89%
|
Fee Waiver and/or Expense Reimbursement5, 6, 7
|
0.00%
|
0.00%
|
-0.04%
|
-0.04%
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
0.87%
|
0.78%
|
0.86%
|
0.85%
|
1.
|
A Class A contingent deferred sales charge may apply to redemptions of investments of $1 million or more or to certain retirement plan redemptions.
|
2.
|
Applies to redemptions in the first year after purchase. The contingent deferred sales charge gradually declines from 5% to 1% during years one through six and is eliminated after that.
|
3.
|
Applies to shares redeemed within 12 months of purchase.
|
4.
|
May apply to shares redeemed within 18 months of a retirement plan's first purchase of Class N shares.
|
5.
|
With respect to Transition 2050 Fund, the Manager has voluntarily agreed to waive fees and/or reimburse the Fund for certain expenses in order to limit "Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement" (including the combined direct (fund level) and indirect (underlying fund level) expenses, but excluding (i) interest, taxes, dividends tied to short sales, brokerage commissions, and other expenditures which are capitalized in accordance with generally accepted accounting principles; (ii) certain other expenses attributable to, and incurred as a result of, a Fund's investments; and (iii) other extraordinary expenses (including litigation expenses) not incurred in the ordinary course of the Fund's business) to annual rates of 1.50% for Class A shares, 2.25% for Class B shares, 2.25% for Class C shares, 1.75% for Class N shares, and 1.25% for C lass Y shares as calculated on the daily net assets of the Fund. This limitation will be applied after giving effect to any reimbursements by the Distributor of 12b-1 fees paid by the Fund with respect to investments in Class A shares of Underlying Funds that do not offer Class Y shares. The Manager is not required to waive or reimburse Fund expenses in excess of the amount of indirect management fees earned from investments in the Underlying Funds. The Fund's Transfer Agent has voluntarily agreed to limit its fees to 0.35% of average daily net assets per fiscal year for all classes. Each of these voluntary fee waivers and/or reimbursements may not be amended or withdrawn until one year from the date of the Transition 2050 Fund’s prospectus. |
6.
|
With respect to the Acquiring Fund, the Manager has voluntarily agreed to waive fees and/or reimburse certain Fund expenses at an annual rate of 0.04% as calculated on the daily net assets of the Fund. This waiver and/or reimbursement is applied after (and in addition to) any other applicable waivers and/or expense reimbursements that may apply, and may not be amended or withdrawn until one year from the date of the Acquiring Fund’s prospectus. The Manager is not required to waive or reimburse Fund expenses in excess of the amount of indirect management fees earned from investments in the Underlying Funds. The fee waivers and/or expense reimbursements of the Acquiring Fund will apply to the Combined Fund following the Reorganizations.
|
7.
|
The Manager has voluntarily agreed to waive fees and/or reimburse the Combined Fund for certain expenses in order to limit "Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement" (excluding any applicable dividend expense, taxes, interest and fees from borrowing, any subsidiary expenses, Acquired Fund Fees and Expenses, brokerage commissions, extraordinary expenses and certain other Fund expenses) so that such expenses of the Combined Fund do not exceed those of the Acquiring Fund to the extent any difference is attributed to the Reorganization. This fee waiver and/or expense limitation may not be amended or withdrawn until one year from the Closing Date of the Reorganization.
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2050 Fund Class A
|
$720
|
$1,088
|
$1,479
|
$2,573
|
Transition 2030 Class A
|
$698
|
$957
|
$1,236
|
$2,030
|
PS: Active Allocation Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class A
|
$692
|
$949
|
$1,226
|
$2,015
|
If shares are not redeemed2:
|
||||
Transition 2050 Fund Class A
|
$720
|
$1,088
|
$1,479
|
$2,573
|
Transition 2030 Class A
|
$698
|
$957
|
$1,236
|
$2,030
|
PS: Active Allocation Fund Class A
|
$692
|
$947
|
$1,222
|
$2,005
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class A
|
$692
|
$949
|
$1,226
|
$2,015
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2050 Fund Class B
|
$731
|
$1,087
|
$1,570
|
$2,5723
|
Transition 2030 Class B
|
$716
|
$968
|
$1,346
|
$2,0483
|
PS: Active Allocation Fund Class B
|
$711
|
$961
|
$1,337
|
$2,0293
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class B
|
$711
|
$961
|
$1,337
|
$2,0343
|
If shares are not redeemed2:
|
||||
Transition 2050 Fund Class B
|
$231
|
$787
|
$1,370
|
$2,5723
|
Transition 2030 Class B
|
$216
|
$668
|
$1,146
|
$2,0483
|
PS: Active Allocation Fund Class B
|
$211
|
$661
|
$1,137
|
$2,0293
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class B
|
$211
|
$661
|
$1,137
|
$2,0343
|
If shares are redeemed1:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2050 Fund Class C
|
$331
|
$795
|
$1,387
|
$2,992
|
Transition 2030 Class C
|
$308
|
$643
|
$1,104
|
$2,382
|
PS: Active Allocation Fund Class C
|
$301
|
$630
|
$1,085
|
$2,347
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class C
|
$301
|
$632
|
$1,089
|
$2,357
|
If shares are not redeemed2:
|
||||
Transition 2050 Fund Class C
|
$231
|
$795
|
$1,387
|
$2,992
|
Transition 2030 Class C
|
$208
|
$643
|
$1,104
|
$2,382
|
PS: Active Allocation Fund Class C
|
$201
|
$630
|
$1,085
|
$2,347
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class C
|
$201
|
$632
|
$1,089
|
$2,357
|
If shares are redeemed:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2050 Fund Class N
|
$277
|
$603
|
$1,054
|
$2,308
|
Transition 2030 Class N
|
$250
|
$465
|
$803
|
$1,759
|
PS: Active Allocation Fund Class N
|
$245
|
$458
|
$794
|
$1,744
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class N
|
$245
|
$467
|
$811
|
$1,786
|
If shares are not redeemed:
|
||||
Transition 2050 Fund Class N
|
$177
|
$603
|
$1,054
|
$2,308
|
Transition 2030 Class N
|
$150
|
$465
|
$803
|
$1,759
|
PS: Active Allocation Fund Class N
|
$145
|
$458
|
$794
|
$1,744
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class N
|
$145
|
$467
|
$811
|
$1,786
|
If shares are redeemed:
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Transition 2050 Fund Class Y
|
$89
|
$279
|
$484
|
$1,077
|
Transition 2030 Class Y
|
$80
|
$250
|
$435
|
$970
|
PS: Active Allocation Fund Class Y
|
$88
|
$284
|
$497
|
$1,109
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class Y
|
$87
|
$281
|
$491
|
$1,097
|
If shares are not redeemed:
|
||||
Transition 2050 Fund Class Y
|
$89
|
$279
|
$484
|
$1,077
|
Transition 2030 Class Y
|
$80
|
$250
|
$435
|
$970
|
PS: Active Allocation Fund Class Y
|
$88
|
$284
|
$497
|
$1,109
|
PS: Active Allocation Fund
Pro Forma Combined Fund Class Y
|
$87
|
$281
|
$491
|
$1,097
|
1.
|
In the “If shares are redeemed” examples, expenses include the initial sales charge for Class A and the applicable Class B and Class C contingent deferred sales charges.
|
2.
|
In the “If shares are not redeemed” examples, the Class A expenses include the initial sales charge, but Class B and Class C expenses do not include the contingent deferred sales charges.
|
3.
|
Class B expenses for years 7 through 10 are based on Class A expenses, since Class B shares automatically convert to Class A shares 72 months after purchase.
|
Fund
|
Fiscal Year End
|
Rate
|
Transition 2030 Fund
|
2/29/12
|
13%
|
Transition 2040 Fund
|
2/29/12
|
11%
|
Transition 2050 Fund
|
2/29/12
|
12%
|
Acquiring Fund
|
1/31/12
|
21%
|
Calendar Year Ended:
|
Transition 2030 Fund’s
Annual Total Returns
|
12/31/07
|
9.72%
|
12/31/08
|
-44.47%
|
12/31/09
|
36.32%
|
12/31/10
|
13.49%
|
12/31/11
|
-6.42%
|
Transition 2030 Fund
|
|||
Average Annual Total Returns
for the periods ended December 31, 2011
|
1 Year
|
5 Years
|
Life of Class
|
Class A (inception 12/15/06)
Return Before Taxes
Return After Taxes on Distributions
Return After Taxes on Distributions and Sale of Fund Shares
|
(11.80%)
(11.98%)
(7.43%)
|
(3.63%)
(3.92%)
(3.15%)
|
(3.62%)
(3.90%)
(3.14%)
|
Class B (inception 12/15/06)
|
(11.84%)
|
(3.64%)
|
(3.46%)
|
Class C (inception 12/15/06)
|
(8.06%)
|
(3.22%)
|
(3.23%)
|
Class N (inception 12/15/06)
|
(7.51%)
|
(2.68%)
|
(2.67%)
|
Class Y (inception 12/15/06)
|
(5.95%)
|
(1.99%)
|
(1.99%)
|
S&P 500 Index (reflects no deduction for fees, expenses or taxes)
|
2.11%
|
(0.25%)
|
0.03%*
|
Barclays Capital U.S. Aggregate Bond Index (reflects no deduction or fees, expenses or taxes)
|
7.84%
|
6.50%
|
6.27%*
|
Calendar Year Ended:
|
Transition 2040 Fund’s
Annual Total Returns
|
12/31/09
|
39.95%
|
12/31/10
|
13.96%
|
12/31/11
|
-7.41%
|
Transition 2040 Fund
|
||
Average Annual Total Returns
for the periods ended December 31, 2011
|
1 Year
|
Life of Class
|
Class A (inception 3/4/08)
Return Before Taxes
Return After Taxes on Distributions
Return After Taxes on Distributions and Sale of Fund Shares
|
(12.73%)
(12.89%)
(8.08%)
|
(3.92%)
(4.14%)
(3.37%)
|
Class B (inception 3/4/08)
|
(12.84%)
|
(3.93%)
|
Class C (inception 3/4/08)
|
(9.02%)
|
(3.14%)
|
Class N (inception 3/4/08)
|
(8.49%)
|
(2.64%)
|
Class Y (inception 3/4/08)
|
(6.96%)
|
(1.96%)
|
S&P 500 Index (reflects no deduction for fees, expenses or taxes)
|
2.11%
|
0.76%
|
Barclays Capital U.S. Aggregate Bond Index (reflects no deduction or fees, expenses or taxes)
|
7.84%
|
6.17%
|
Calendar Year Ended:
|
Transition 2050 Fund’s
Annual Total Returns
|
12/31/09
|
42.94%
|
12/31/10
|
15.02%
|
12/31/11
|
-7.72%
|
Transition 2050 Fund
|
||
Average Annual Total Returns
for the periods ended December 31, 2011
|
1 Year
|
Life of Class
|
Class A (inception 3/4/08)
Return Before Taxes
Return After Taxes on Distributions
Return After Taxes on Distributions and Sale of Fund Shares
|
(13.02%)
(13.14%)
(8.31%)
|
(3.65%)
(3.86%)
(3.16%)
|
Class B (inception 3/4/08)
|
(13.00%)
|
(3.68%)
|
Class C (inception 3/4/08)
|
(9.31%)
|
(2.90%)
|
Class N (inception 3/4/08)
|
(8.92%)
|
(2.42%)
|
Class Y (inception 3/4/08)
|
(7.20%)
|
(1.75%)
|
S&P 500 Index (reflects no deduction for fees, expenses or taxes)
|
2.11%
|
0.76%*
|
Barclays Capital U.S. Aggregate Bond Index (reflects no deduction or fees, expenses or taxes)
|
7.84%
|
6.17%*
|
Calendar Year Ended:
|
Acquiring Fund’s Annual Total Returns
|
12/31/06
|
13.93%
|
12/31/07
|
5.47%
|
12/31/08
|
-40.47%
|
12/31/09
|
27.09%
|
12/31/10
|
14.65%
|
12/31/11
|
-5.14%
|
Acquiring Fund
|
|||
Average Annual Total Returns
for the periods ended December 31, 2011
|
1 Year
|
5 Years
|
10 Years
(or Life of Class, if less)
|
Class A (inception 4/5/05)
Return Before Taxes
Return After Taxes on Distributions
Return After Taxes on Distributions and Sale of Fund Shares
|
(10.60%)
(11.19%)
(6.77%)
|
(3.94%)
(4.53%)
(3.49%)
|
0.16%
(0.49%)
(0.10%)
|
Class B (inception 4/5/05)
|
(10.68%)
|
(3.95%)
|
0.32%
|
Class C (inception 4/5/05)
|
(6.94%)
|
(3.55%)
|
0.27%
|
Class N (inception 4/5/05)
|
(6.33%)
|
(2.99%)
|
0.85%
|
Class Y (inception 4/5/05)
|
(4.94%)
|
(2.43%)
|
1.43%
|
S&P 500 Index (reflects no deduction for fees, expenses or taxes)
|
2.09%
|
(0.25%)
|
3.07%*
|
Barclays Capital Aggregate Bond Index (reflects no deduction or fees, expenses or taxes)
|
7.84%
|
6.50%
|
5.89%*
|
Target Fund
|
Acquiring Fund
|
The Fund will not pay a management fee but rather the Manager will collect indirect management fees from investments in the Underlying Funds.
|
The Trust will not pay a management fee but rather the Manager will collect indirect management fees from investments in the Underlying Funds. In addition, the Fund pays the Manager an asset allocation fee of 0.10% of the first $3 billion of average annual net assets of the Fund and 0.08% of average annual net assets in excess of $3 billion.
|
Target Funds
|
Acquiring Fund
|
|
Transfer Agent
|
OppenheimerFunds Services
|
OppenheimerFunds Services
|
Custodian
|
Citibank, N.A.
|
Citibank, N.A.
|
Independent Registered Public Accounting Firm
|
KPMG LLP
|
KPMG LLP
|
Counsel to the Funds & Independent Board Members
|
Kramer Levin Naftalis & Frankel LLP
|
Kramer Levin Naftalis & Frankel LLP
|
·
|
Telephone Voting. Please have the proxy ballot available and call the number on the enclosed materials and follow the instructions. After you provide your voting instructions, those instructions will be read back to you and you must confirm your voting instructions before ending the telephone call. The voting procedures used in connection with telephone voting are designed to reasonably authenticate the identity of shareholders, to permit shareholders to authorize the voting of their shares in accordance with their instructions and to confirm that their instructions have been properly recorded.
|
|
As the Meeting date approaches, certain shareholders may receive telephone calls from a representative of the solicitation firm (if applicable) if their vote has not yet been received. Authorization to permit the solicitation firm to execute proxies may be obtained by telephonic instructions from shareholders of each Target Fund. Proxies that are obtained telephonically will be recorded in accordance with the procedures discussed herein. These procedures have been designed to reasonably ensure that the identity of the shareholder providing voting instructions is accurately determined and that the voting instructions of the shareholder are accurately recorded.
|
|
In all cases where a telephonic proxy is solicited, the solicitation firm representative is required to ask for each shareholder’s full name, address, title (if the shareholder is authorized to act on behalf of an entity, such as a corporation) and to confirm that the shareholder has received the Proxy Statement and ballot. If the information solicited agrees with the information provided to the solicitation firm, the solicitation firm representative has the responsibility to explain the process, read the proposals listed on the proxy ballot, and ask for the shareholder’s instructions on such proposals. The solicitation firm representative, although he or she is permitted to answer questions about the process, is not permitted to recommend to the shareholder how to vote. The solicitation firm representative may read any recommendation set forth in the Proxy Statement. The solicitation firm representative will record the shareholder’s instructions. Within 72 hours, the shareholder will be sent a confirmation of his or her vote asking the shareholder to call the solicitation firm immediately if his or her instructions are not correctly reflected in the confirmation. For additional information, see also the section below titled “Solicitation of Proxies.” |
·
|
Internet Voting. You also may vote over the internet by following the instructions in the enclosed materials. You will be prompted to enter the control number on the enclosed proxy ballot. Follow the instructions on the screen, using your proxy ballot as a guide.
|
|
Solicitation of Proxies
|
·
|
Voting By Broker-Dealers. Shares owned of record by broker-dealers (or record owners) for the benefit of their customers (“street account shares”) will be voted by the broker-dealer based on instructions received from its customers. If no instructions are received, the broker-dealer does not have discretionary power (“broker non-vote”) to vote such street account shares on the Reorganization under applicable stock exchange rules. Broker non-votes will not be counted as present nor entitled to vote for purposes of determining a quorum nor will they be counted as votes “for” or “against” the Reorganization. Beneficial owners of street account shares cannot vote at the meeting. Only record owners may vote at the meeting. |
·
|
Voting by the Trustee for OppenheimerFunds-Sponsored Retirement Plans. Shares held in OppenheimerFunds-sponsored retirement accounts for which votes are not received as of the last business day before the Meeting Date, will be voted by the trustee for such accounts in the same proportion as Shares for which voting instructions from the Fund’s other shareholders have been timely received.
|
|
Other Matters to be Voted upon at the Meeting
|
|
Shareholder Proposals and Communications.
|
Transition 2030 Fund
|
Net Assets
|
Shares
Outstanding
|
Net Asset Value
Per Share
|
Class A
|
$71,223,068
|
8,218,399
|
$8.67
|
Class B
|
$11,068,293
|
1,301,201
|
$8.51
|
Class C
|
$30,358,435
|
3,567,698
|
$8.51
|
Class N
|
$31,011,938
|
3,587,220
|
$8.65
|
Class Y
|
$1,583,597
|
181,171
|
$8.74
|
TOTAL
|
$145,245,331
|
16,855,689
|
Transition 2040 Fund
|
Net Assets
|
Shares
Outstanding
|
Net Asset Value
Per Share
|
Class A
|
$33,904,533
|
3,686,924
|
$9.20
|
Class B
|
$3,760,197
|
414,240
|
$9.08
|
Class C
|
$16,912,380
|
1,864,507
|
$9.07
|
Class N
|
$20,741,577
|
2,261,608
|
$9.17
|
Class Y
|
$4,396,347
|
474,087
|
$9.27
|
TOTAL
|
$79,715,034
|
8,701,366
|
Transition 2050 Fund
|
Net Assets
|
Shares
Outstanding
|
Net Asset Value
Per Share
|
Class A
|
$14,451,155
|
1,548,430
|
$9.33
|
Class B
|
$1,967,934
|
213,923
|
$9.20
|
Class C
|
$8,775,628
|
952,229
|
$9.22
|
Class N
|
$10,965,531
|
1,176,823
|
$9.32
|
Class Y
|
$1,977,516
|
211,171
|
$9.36
|
TOTAL
|
$38,137,764
|
4,102,576
|
PS: Active Allocation Fund
|
Net Assets
|
Shares
Outstanding
|
Net Asset Value
Per Share
|
Class A
|
$1,097,812,531
|
118,646,913
|
$9.25
|
Class B
|
$286,035,509
|
31,457,110
|
$9.09
|
Class C
|
$432,564,217
|
47,644,840
|
$9.08
|
Class N
|
$122,588,908
|
13,322,937
|
$9.20
|
Class Y
|
$11,742,186
|
1,256,346
|
$9.35
|
TOTAL
|
$1,950,743,351
|
212,328,146
|
PS: Active Allocation Fund
(Pro Forma Combined Fund)*
|
Net Assets
|
Shares
Outstanding
|
Net Asset Value
Per Share
|
Class A
|
$1,217,293,239
|
131,574,346
|
$9.25
|
Class B
|
$302,806,164
|
33,304,901
|
$9.09
|
Class C
|
$488,570,626
|
53,817,356
|
$9.08
|
Class N
|
$185,292,124
|
20,140,225
|
$9.20
|
Class Y
|
$19,698,127
|
2,107,412
|
$9.35
|
TOTAL
|
$2,213,660,280
|
240,944,240
|
PS: Active Allocation Fund
(Pro Forma Combined Fund)*
|
Net Assets
|
Shares
Outstanding
|
Net Asset Value
Per Share
|
Class A
|
$1,202,873,342
|
130,012,059
|
$9.25
|
Class B
|
$300,847,294
|
33,088,407
|
$9.09
|
Class C
|
$479,808,391
|
52,850,877
|
$9.08
|
Class N
|
$174,332,743
|
18,948,319
|
$9.20
|
Class Y
|
$17,721,146
|
1,895,913
|
$9.35
|
TOTAL
|
$2,175,582,916
|
236,795,575
|
PS: Active Allocation Fund
(Pro Forma Combined Fund)*
|
Net Assets
|
Shares
Outstanding
|
Net Asset Value
Per Share
|
Class A
|
$1,183,419,764
|
127,908,991
|
$9.25
|
Class B
|
$299,054,807
|
32,891,238
|
$9.09
|
Class C
|
$471,671,580
|
51,954,759
|
$9.08
|
Class N
|
$164,557,062
|
17,885,706
|
$9.20
|
Class Y
|
$15,302,433
|
1,637,214
|
$9.35
|
TOTAL
|
$2,134,005,646
|
232,277,908
|
PS: Active Allocation Fund
(Pro Forma Combined Fund)*
|
Net Assets
|
Shares
Outstanding
|
Net Asset Value
Per Share
|
Class A
|
$1,146,101,286
|
123,874,555
|
$9.25
|
Class B
|
$291,746,602
|
32,087,267
|
$9.09
|
Class C
|
$458,225,464
|
50,473,916
|
$9.08
|
Class N
|
$154,287,006
|
16,769,362
|
$9.20
|
Class Y
|
$18,114,991
|
1,938,043
|
$9.35
|
TOTAL
|
$2,068,475,349
|
225,143,143
|
PS: Active Allocation Fund
(Pro Forma Combined Fund)*
|
Net Assets
|
Shares
Outstanding
|
Net Asset Value
Per Share
|
Class A
|
$1,169,001,911
|
126,346,704
|
$9.25
|
Class B
|
$297,095,240
|
32,674,744
|
$9.09
|
Class C
|
$462,909,312
|
50,988,280
|
$9.08
|
Class N
|
$153,596,420
|
16,693,800
|
$9.20
|
Class Y
|
$13,325,399
|
1,425,715
|
$9.35
|
TOTAL
|
$2,095,928,282
|
228,129,243
|
PS: Active Allocation Fund
(Pro Forma Combined Fund)*
|
Net Assets
|
Shares
Outstanding
|
Net Asset Value
Per Share
|
Class A
|
$1,131,683,399
|
122,312,268
|
$9.25
|
Class B
|
$289,787,086
|
31,870,773
|
$9.09
|
Class C
|
$449,463,226
|
49,507,437
|
$9.08
|
Class N
|
$143,326,221
|
15,577,456
|
$9.20
|
Class Y
|
$16,138,053
|
1,726,544
|
$9.35
|
TOTAL
|
$2,030,397,985
|
220,994,478
|
PS: Active Allocation Fund
(Pro Forma Combined Fund)*
|
Net Assets
|
Shares
Outstanding
|
Net Asset Value
Per Share
|
Class A
|
$1,112,229,908
|
120,209,200
|
$9.25
|
Class B
|
$287,994,697
|
31,673,604
|
$9.09
|
Class C
|
$441,326,442
|
48,611,319
|
$9.08
|
Class N
|
$133,550,383
|
14,514,843
|
$9.20
|
Class Y
|
$13,719,285
|
1,467,845
|
$9.35
|
TOTAL
|
$1,988,820,715
|
216,476,811
|
EXHIBITS TO THE COMBINED PROSPECTUS/PROXY STATEMENT
|
A.
|
Form of Agreement and Plan of Reorganization
|
B.
|
Principal Shareholders
|
C.
|
More Information About the Underlying Funds
|
[TARGET FUND]
|
||
By:
|
______________________
|
|
Arthur S. Gabinet
|
||
Secretary
|
||
[The Trust, on behalf of ACQUIRING FUND]
|
||
By:
|
______________________
|
|
Arthur S. Gabinet
|
||
Secretary
|
||
OPPENHEIMER TRANSITION 2030 FUND: Class A
|
||||
Shares: 8,609,167.342
|
||||
* There are no 5% shareholders.
|
||||
OPPENHEIMER TRANSITION 2030 FUND: Class B
|
||||
Shares: 1,327,758.101
|
||||
* There are no 5% shareholders
|
||||
OPPENHEIMER TRANSITION 2030 FUND: Class C
|
||||
Shares: 3,659,311.203
|
||||
* There is one 5% shareholder.
|
||||
00684 6840000022
|
||||
MLPF&S FOR THE SOLE BENEFIT OF ITS CUSTOMERS
|
Shares:
|
219,112.332
|
||
ATTN FUND ADMN/#97HR4
|
Percent of Class:
|
5.97%
|
||
4800 DEER LAKE DR E FL 3
|
||||
JACKSONVILLE FL 32246-6484
|
||||
OPPENHEIMER TRANSITION 2030 FUND: Class N
|
||||
Shares: 3,198,729.476
|
||||
* There is one 5% shareholder
|
||||
00685 6850000022
|
||||
. MLPF&S FOR THE SOLE BENEFIT
|
||||
OF ITS CUSTOMERS
|
||||
ATTN FUND ADMN
|
||||
4800 DEER LAKE DR E FL 3
|
Shares:
|
488,765.809
|
||
JACKSONVILLE FL 32246-6484
|
Percent of Class:
|
15.27%
|
||
OPPENHEIMER TRANSITION 2030 FUND: Class Y
|
||||
Shares: 212,284.850
|
||||
* There is one 5% shareholder.
|
||||
00686 6860000044
|
||||
TAYNIK & CO
|
||||
1200 CROWN COLONY DRIVE
|
Shares:
|
200,430.503
|
||
QUINCY MA 02169-0938
|
Percent of Class:
|
94.41%
|
||
OPPENHEIMER TRANSITION 2040 FUND: Class A
|
||||
Shares: 4,034,920.097
|
||||
* There is one 5% shareholder.
|
||||
00716 7160000022
|
||||
MLPF&S FOR THE SOLE BENEFIT
|
||||
OF ITS CUSTOMERS
|
||||
ATTN FUND ADMN #97FJ0
|
||||
4800 DEER LAKE DR E FL 3
|
Shares:
|
203,187.904
|
||
JACKSONVILLE FL 32246-6484
|
Percent of Class:
|
5.03%
|
||
OPPENHEIMER TRANSITION 2040 FUND: Class B
|
||||
Shares: 436,614.342
|
||||
* There are no 5% shareholders.
|
||||
OPPENHEIMER TRANSITION 2040 FUND: Class C
|
||||
Shares: 2,016,668.429
|
||||
* There are no 5% shareholders.
|
||||
OPPENHEIMER TRANSITION 2040 FUND: Class N
|
||||
Shares: 2,239,496.762
|
||||
* There is one 5% shareholder
|
||||
00719 7190000022
|
||||
MLPF&S FOR THE SOLE BENEFIT
|
||||
OF ITS CUSTOMERS
|
||||
ATTN FUND ADMN #97FJ0
|
||||
4800 DEER LAKE DR E FL 3
|
Shares:
|
482,342.301
|
||
JACKSONVILLE FL 32246-6484
|
Percent of Class:
|
21.53%
|
||
OPPENHEIMER TRANSITION 2040 FUND: Class Y
|
||||
Shares: 544,295.922
|
||||
* There is one 5% shareholder
|
||||
00720 7200000044
|
||||
TAYNIK & CO
|
||||
C/O INVESTORS BANK & TRUST
|
||||
FPG90
|
||||
PO BOX 9130
|
Shares:
|
532,573.668
|
||
BOSTON MA 02117-9130
|
Percent of Class:
|
97.84%
|
||
OPPENHEIMER TRANSITION 2050 FUND: Class A
|
||||
Shares: 1,684,568.683
|
||||
* There is one 5% shareholder.
|
||||
00868 8680000022
|
||||
MLPF&S FOR THE SOLE BENEFIT
|
||||
OF ITS CUSTOMERS
|
||||
ATTN FUND ADMN #97FJ0
|
||||
4800 DEER LAKE DR E FL 3
|
Shares:
|
114,849.293
|
||
JACKSONVILLE FL 32246-6484
|
Percent of Class:
|
6.81%
|
||
OPPENHEIMER TRANSITION 2050 FUND: Class B
|
||||
Shares: 247,208.521
|
||||
* There are no 5% shareholders.
|
||||
OPPENHEIMER TRANSITION 2050 FUND: Class C
|
||||
Shares: 1,070,489.586
|
||||
* There is one 5% shareholder
|
||||
00871 8710000022
|
||||
MLPF&S FOR THE SOLE BENEFIT
|
||||
OF ITS CUSTOMERS
|
||||
ATTN FUND ADMN #97FJ0
|
||||
4800 DEER LAKE DR E FL 3
|
Shares:
|
58,532.570
|
||
JACKSONVILLE FL 32246-6484
|
Percent of Class:
|
5.42%
|
||
OPPENHEIMER TRANSITION 2050 FUND: Class N
|
||||
Shares: 1,148,460.273
|
||||
* There are three 5% shareholders.
|
||||
00872 8720000022
|
||||
MLPF&S FOR THE SOLE BENEFIT
|
||||
OF ITS CUSTOMERS
|
||||
ATTN FUND ADMN #97FJ0
|
||||
4800 DEER LAKE DR E FL 3
|
Shares:
|
184,645.181
|
||
JACKSONVILLE FL 32246-6484
|
Percent of Class:
|
16.02%
|
||
00872 8720000066
|
||||
FRONTIER TRUST COMPANY FBO
|
||||
GOODWILL INDUSTRIES EASTER SEAL
|
||||
PS PLAN
|
||||
206672
|
||||
PO BOX 10758
|
Shares:
|
63,408.922
|
||
FARGO ND 58106-0758
|
Percent of Class:
|
5.50%
|
||
00872 8720002882
|
||||
FRONTIER TRUST COMPANY FBO
|
||||
GOLDEN GAMING INC
|
||||
401(K) PLAN
|
||||
209763
|
||||
PO BOX 10758
|
Shares:
|
61,531.637
|
||
FARGO ND 58106-0758
|
Percent of Class:
|
5.33%
|
||
OPPENHEIMER TRANSITION 2050 FUND: Class Y
|
||||
Shares: 294,917.898
|
||||
* There is one 5% shareholder.
|
||||
00873 8730000044 | ||||
TAYNIK & CO | ||||
C/O INVESTORS BANK & TRUST | ||||
FPG90 | ||||
PO BOX 9130 |
Shares:
|
284,121.185
|
||
BOSTON MA 02117-9130 |
Percent of Class:
|
96.33%
|
||
00550 9000000443
|
|||
PERSHING LLC
|
|||
1 PERSHING PLAZA
|
Shares:
|
5,955,959.074
|
|
JERSEY CITY NJ 07399-0001
|
Percent of Class:
|
5.10%
|
00554 5540002574
|
|||
FRONTIER TRUST COMPANY FBO
|
|||
CENTURY 21 DEPARTMENT STORE 59
|
Shares:
|
493,876.787
|
|
PO BOX 10758
|
Percent of Class:
|
38.56%
|
|
FARGO ND 58106-0758
|
00554 5540000022
|
|||
TAYNIK & CO
|
|||
C/O INVESTORS BANK & TRUST
|
Shares:
|
480,677.174
|
|
FPG90
|
Percent of Class:
|
37.53%
|
|
1200 CROWN COLONY DRIVE
|
|||
QUINCY MA 02169-0938
|
00554 0000000226
|
|||
NATIONAL FINANCIAL SERVICES LLC
|
|||
FOR EXCLUSIVE BEN OF CUSTOMERS
|
Shares:
|
113,754.672
|
|
200 LIBERTY STREET
|
Percent of Class:
|
8.88%
|
|
ONE WORLD FINANCIAL CENTER
|
|||
ATTN: MUTUAL FUNDS 5TH FLOOR
|
|||
NEW YORK NY 10281-1003
|
§
|
companies in business areas that have above-average growth potential,
|
§
|
companies with growth rates that the portfolio manager believes are sustainable over time,
|
§
|
stocks with reasonable valuations relative to their growth potential.
|
§
|
Issuers with earnings growth rates that are faster than the growth rate of the overall economy,
|
§
|
Issuers with improvements in relative cash flows and liquidity to help them meet their obligations,
|
§
|
Corporate sectors that in the portfolio manager's view are undervalued in the marketplace,
|
§
|
Changes in the business cycle that might affect corporate profits, and
|
§
|
Securities or sectors that will help the overall diversification of the portfolio.
|
§
|
Domestic and foreign corporate debt obligations;
|
§
|
Domestic and foreign government debt obligations, including U.S. government securities;
|
§
|
Mortgage-related securities;
|
§
|
Asset-backed securities; and
|
§
|
Other debt obligations.
|
§
|
Under normal market conditions, this Underlying Fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of issuers whose principal activities are in at least three developing markets.
|
§
|
This Underlying Fund primarily seeks companies with high growth potential.
|
§
|
invest at least 65% of its total assets in common and preferred stocks of issuers in at least three different countries outside of the United States, and
|
§
|
emphasize investments in common stocks of issuers that the portfolio manager considers to be "growth" companies.
|
§
|
companies that enjoy a strong competitive position and high demand for their products or services;
|
§
|
companies with accelerating earnings growth and cash flow; and
|
§
|
diversity among companies, industries and countries to help reduce the risks of foreign investing, such as currency fluctuations and stock market volatility.
|
§
|
Under normal market conditions, this Underlying Fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of small-cap companies.
|
§
|
This Underlying Fund will invest at least 65% of its total assets in foreign securities.
|
§
|
A fundamental approach in analyzing issuers on factors such as a company's financial performance and prospects, industry position, and business model and management strength. Industry outlook, market trends and general economic conditions may also be considered.
|
§
|
Quantitative models to rank securities within each sector to identify potential buy and sell candidates for further fundamental analysis. A number of company-specific factors are analyzed in constructing the models, including valuation, fundamentals and momentum.
|
§
|
Fundamental analysis of issuers regarding factors such as financial performance, position in their industry, the strength of their business model and their management;
|
§
|
Quantitative models to rank securities within each sector to identify potential buy and sell candidates for further research. A number of company-specific factors are analyzed in constructing the models, including valuation, profitability, price momentum, and company fundamentals; and
|
§
|
Consideration of market and industry trends and general economic conditions.
|
§
|
aims to maintain broad diversification across all major economic sectors;
|
§
|
uses quantitative models, including sector-specific factors, to rank securities within each economic sector;
|
§
|
uses a fundamental approach to analyze issuers based on factors such as a company's financial performance, competitive strength, industry position, business practices and management; and
|
§
|
considers market trends, current industry outlooks and general economic conditions.
|
§
|
Inflation rates and implied inflation rates (the difference in yield between conventional government bonds and related inflation-indexed bonds of comparable maturity) in the United States and other countries,
|
§
|
Interest rates,
|
§
|
Economic and monetary policy of the U.S. government and foreign governments, and
|
§
|
Economic conditions in the United States and other countries.
|
§
|
Favorable supply/demand conditions for key products
|
§
|
Development of new products or businesses
|
§
|
Quality of management
|
§
|
Competitive position in the marketplace
|
§
|
Effective allocation of capital
|
§
|
Attractive valuation,
|
§
|
Future supply/demand conditions for its key products,
|
§
|
Product cycles,
|
§
|
Quality of management,
|
§
|
Competitive position in the market place,
|
§
|
Reinvestment plans for cash generated,
|
§
|
Better-than-expected earnings reports.
|
§
|
the stock price is approaching its price target,
|
§
|
the company's fundamentals are deteriorating, or
|
§
|
alternative investment ideas have been developed.
|
Active
|
Oppenheimer
|
Oppenheimer
|
Oppenheimer
|
Active Allocation
|
Active
|
Oppenheimer
|
Oppenheimer
|
Oppenheimer
|
Active Allocation
|
|||||||||||||||||||||||||||||||
Allocation
|
Transition 2030
|
Transition 2040
|
Transition 2050
|
Fund Combined
|
Allocation
|
Transition 2030
|
Transition 2040
|
Transition 2050
|
Fund Combined
|
|||||||||||||||||||||||||||||||
Fund
|
Fund
|
Fund
|
Fund
|
Pro Forma
|
Fund
|
Fund
|
Fund
|
Fund
|
Pro Forma
|
|||||||||||||||||||||||||||||||
Shares
|
Shares
|
Shares
|
Shares
|
Shares
|
Value
|
Value
|
Value
|
Value
|
Value
|
|||||||||||||||||||||||||||||||
Investment Companies—99.7%1
|
||||||||||||||||||||||||||||||||||||||||
Alternative Funds—6.6%
|
||||||||||||||||||||||||||||||||||||||||
Oppenheimer Commodity Strategy Total Return Fund, Cl. Y
|
13,661,840
|
—
|
—
|
—
|
13,661,840
|
$
|
46,586,874
|
—
|
—
|
—
|
$
|
46,586,874
|
||||||||||||||||||||||||||||
Oppenheimer Gold & Special Minerals Fund, Cl. Y
|
286,317
|
—
|
—
|
—
|
286,317
|
11,060,435
|
—
|
—
|
—
|
11,060,435
|
||||||||||||||||||||||||||||||
Oppenheimer Master Event-Linked Bond Fund, LLC
|
2,227,220
|
—
|
—
|
—
|
2,227,220
|
25,142,886
|
—
|
—
|
—
|
25,142,886
|
||||||||||||||||||||||||||||||
Oppenheimer Master Inflation Protected Securities Fund, LLC
|
2,932,723
|
—
|
—
|
—
|
2,932,723
|
34,391,376
|
—
|
—
|
—
|
34,391,376
|
||||||||||||||||||||||||||||||
Oppenheimer Real Estate Fund, Cl. Y
|
1,391,726
|
—
|
—
|
—
|
1,391,726
|
30,005,607
|
—
|
—
|
—
|
30,005,607
|
||||||||||||||||||||||||||||||
147,187,178
|
—
|
—
|
—
|
147,187,178
|
||||||||||||||||||||||||||||||||||||
Domestic Equity Funds—45.3%
|
||||||||||||||||||||||||||||||||||||||||
Oppenheimer Capital Appreciation Fund, Cl. Y
|
6,661,389
|
528,847
|
317,526
|
153,335
|
7,661,097
|
314,084,491
|
24,935,114
|
14,971,361
|
7,229,726
|
361,220,692
|
||||||||||||||||||||||||||||||
Oppenheimer Discovery Fund, Cl. Y
|
391,569
|
—
|
—
|
—
|
391,569
|
23,709,495
|
—
|
—
|
—
|
23,709,495
|
||||||||||||||||||||||||||||||
Oppenheimer Main Street Small- & Mid-Cap Fund, Cl. Y
|
4,568,848
|
439,361
|
261,993
|
129,833
|
5,400,035
|
102,250,824
|
9,832,896
|
5,863,405
|
2,905,664
|
120,852,789
|
||||||||||||||||||||||||||||||
Oppenheimer Rising Dividends Fund, Cl. Y
|
1,815,339
|
—
|
—
|
—
|
1,815,339
|
30,515,849
|
—
|
—
|
—
|
30,515,849
|
||||||||||||||||||||||||||||||
Oppenheimer Value Fund, Cl. Y
|
18,483,379
|
1,556,439
|
929,494
|
450,853
|
21,420,165
|
402,937,665
|
33,930,378
|
20,262,969
|
9,828,590
|
466,959,602
|
||||||||||||||||||||||||||||||
873,498,324
|
68,698,388
|
41,097,735
|
19,963,980
|
1,003,258,427
|
||||||||||||||||||||||||||||||||||||
Domestic Fixed Income Funds—16.9%
|
||||||||||||||||||||||||||||||||||||||||
Oppenheimer Champion Income Fund,
Cl. Y
|
21,817,229
|
759,467
|
209,197
|
74,763
|
22,860,656
|
39,052,840
|
1,359,446
|
374,462
|
133,827
|
40,920,575
|
||||||||||||||||||||||||||||||
Oppenheimer Core Bond Fund, Cl. Y
|
30,022,131
|
1,290,830
|
372,883
|
128,558
|
31,814,402
|
201,148,277
|
8,648,563
|
2,498,319
|
861,336
|
213,156,495
|
||||||||||||||||||||||||||||||
Oppenheimer Limited-Term Government Fund, Cl. Y
|
11,957,314
|
637,582
|
175,903
|
61,588
|
12,832,387
|
111,681,314
|
5,955,013
|
1,642,938
|
575,236
|
119,854,501
|
||||||||||||||||||||||||||||||
351,882,431
|
15,963,022
|
4,515,719
|
1,570,399
|
373,931,571
|
||||||||||||||||||||||||||||||||||||
Foreign Equity Funds—24.4%
|
||||||||||||||||||||||||||||||||||||||||
Oppenheimer Developing Markets Fund, Cl. Y
|
2,719,088
|
256,500
|
157,367
|
75,566
|
3,208,521
|
85,895,990
|
8,102,835
|
4,971,216
|
2,387,126
|
101,357,167
|
||||||||||||||||||||||||||||||
Oppenheimer International Growth Fund, Cl. Y
|
8,742,041
|
1,117,097
|
657,374
|
324,611
|
10,841,123
|
234,548,962
|
29,971,720
|
17,637,338
|
8,709,309
|
290,867,329
|
||||||||||||||||||||||||||||||
Oppenheimer International Small Company Fund, Cl. Y
|
1,001,705
|
139,838
|
81,094
|
40,208
|
1,262,845
|
19,583,338
|
2,733,831
|
1,585,395
|
786,076
|
24,688,640
|
||||||||||||||||||||||||||||||
Oppenheimer International Value Fund, Cl. Y (formerly Oppenheimer Quest International Value Fund, Cl. Y)
|
7,275,334
|
1,052,672
|
619,170
|
305,873
|
9,253,049
|
96,616,441
|
13,979,484
|
8,222,574
|
4,061,995
|
122,880,494
|
||||||||||||||||||||||||||||||
436,644,731
|
54,787,870
|
32,416,523
|
15,944,506
|
539,793,630
|
||||||||||||||||||||||||||||||||||||
Foreign Fixed Income Fund—5.0%
|
||||||||||||||||||||||||||||||||||||||||
Oppenheimer International Bond Fund,
Cl. Y
|
16,035,885
|
888,507
|
255,368
|
91,747
|
17,271,507
|
102,148,586
|
5,659,789
|
1,626,694
|
584,426
|
110,019,495
|
||||||||||||||||||||||||||||||
Money Market Fund—1.5%
|
||||||||||||||||||||||||||||||||||||||||
Oppenheimer Institutional Money Market Fund, Cl. E, 0.23%2
|
31,015,263
|
1,420,861
|
392,347
|
144,652
|
32,973,123
|
31,015,263
|
1,420,861
|
392,347
|
144,652
|
32,973,123
|
||||||||||||||||||||||||||||||
Total Investment Companies (Cost $1,738,530,702, Cost $129,196,658, Cost $72,539,457, Cost $34,359,524, Combined $1,974,626,341)
|
1,942,376,513
|
146,529,930
|
80,049,018
|
38,207,963
|
2,207,163,424
|
Active
|
Oppenheimer
|
Oppenheimer
|
Oppenheimer
|
Active Allocation
|
||||||||||||||||||||||||||||||||||||
Allocation
|
Transition 2030
|
Transition 2040
|
Transition 2050
|
Fund Combined
|
Active
|
Oppenheimer
|
Oppenheimer
|
Oppenheimer
|
Active Allocation
|
|||||||||||||||||||||||||||||||
Fund
|
Fund
|
Fund
|
Fund
|
Pro Forma
|
Allocation
|
Transition 2030
|
Transition 2040
|
Transition 2050
|
Fund Combined
|
|||||||||||||||||||||||||||||||
Principal
|
Principal
|
Principal
|
Principal
|
Principal
|
Fund
|
Fund
|
Fund
|
Fund
|
Pro Forma
|
|||||||||||||||||||||||||||||||
Amount
|
Amount
|
Amount
|
Amount
|
Amount
|
Value
|
Value
|
Value
|
Value
|
Value
|
|||||||||||||||||||||||||||||||
U.S. Government Obligations—0.6%
|
||||||||||||||||||||||||||||||||||||||||
U.S. Treasury Bills:
|
||||||||||||||||||||||||||||||||||||||||
0.065%, 5/31/123,4
|
$
|
9,735,000
|
—
|
—
|
—
|
$
|
9,735,000
|
9,732,975
|
—
|
—
|
—
|
9,732,975
|
||||||||||||||||||||||||||||
0.095%, 1/10/13
|
2,775,000
|
—
|
—
|
—
|
2,775,000
|
2,772,086
|
—
|
—
|
—
|
2,772,086
|
||||||||||||||||||||||||||||||
Total U.S. Government Obligations (Cost $12,505,792, Cost $0, Cost $0, Cost $0, Combined $12,505,792)
|
12,505,061
|
—
|
—
|
—
|
12,505,061
|
|||||||||||||||||||||||||||||||||||
Total Investments, at Value (Cost $1,751,036,494, Cost $129,196,658, Cost $72,539,457, Cost $34,359,524, Combined $1,987,132,133)
|
100.2
|
%
|
100.9
|
%
|
100.4
|
%
|
100.2
|
%
|
100.3
|
%
|
1,954,881,574
|
146,529,930
|
80,049,018
|
38,207,963
|
2,219,668,485
|
|||||||||||||||||||||||||
Liabilities in Excess of Other Assets
|
(0.2
|
)
|
(0.9
|
)
|
(0.4
|
)
|
(0.2
|
)
|
(0.3
|
)
|
(4,138,223
|
)
|
(1,284,599
|
)
|
(333,984
|
)
|
(70,199
|
)
|
(5,827,005
|
)
|
||||||||||||||||||||
Pro Forma Adjustment
|
(0.0
|
)
|
(181,200
|
)
|
||||||||||||||||||||||||||||||||||||
Net Assets
|
100.0
|
%
|
100.0
|
%
|
100.0
|
%
|
100.0
|
%
|
100.0
|
%
|
$
|
1,950,743,351
|
$
|
145,245,331
|
$
|
79,715,034
|
$
|
38,137,764
|
$
|
2,213,660,280
|
||||||||||||||||||||
Footnotes to Statement of Investments
|
||
1.
|
Is or was an affiliate, as defined in the Investment Company Act of 1940, at or during the period ended January 31, 2012, 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
|
|||||||||||||
Active Allocation Fund
|
January 31, 2011
|
Additions
|
Reductions
|
January 31, 2012
|
||||||||||||
Oppenheimer Capital Appreciation Fund, Cl. Y
|
7,413,905
|
854,643
|
1,607,159
|
6,661,389
|
||||||||||||
Oppenheimer Champion Income Fund, Cl. Y
|
26,776,794
|
3,659,641
|
8,619,206
|
21,817,229
|
||||||||||||
Oppenheimer Commodity Strategy Total Return Fund, Cl. Y
|
14,528,635
|
7,648,078
|
8,514,873
|
13,661,840
|
||||||||||||
Oppenheimer Core Bond Fund, Cl. Y
|
29,075,766
|
7,122,273
|
6,175,908
|
30,022,131
|
||||||||||||
Oppenheimer Developing Markets Fund, Cl. Y
|
2,406,718
|
1,056,750
|
744,380
|
2,719,088
|
||||||||||||
Oppenheimer Discovery Fund, Cl. Y
|
279,642
|
252,103
|
140,176
|
391,569
|
||||||||||||
Oppenheimer Gold & Special Minerals Fund, Cl. Y
|
230,249
|
460,822
|
404,754
|
286,317
|
||||||||||||
Oppenheimer Institutional Money Market Fund, Cl. E
|
72,831,509
|
344,937,936
|
386,754,182
|
31,015,263
|
||||||||||||
Oppenheimer International Bond Fund, Cl. Y
|
15,636,130
|
3,054,851
|
2,655,096
|
16,035,885
|
||||||||||||
Oppenheimer International Growth Fund, Cl. Y
|
10,190,003
|
514,185
|
1,962,147
|
8,742,041
|
||||||||||||
Oppenheimer International Small Company Fund, Cl. Y
|
1,743,889
|
80,194
|
822,378
|
1,001,705
|
||||||||||||
Oppenheimer International Value Fund, Cl. Y (formerly Oppenheimer Quest International Value Fund, Cl. Y)
|
8,153,829
|
1,099,199
|
1,977,694
|
7,275,334
|
||||||||||||
Oppenheimer Limited-Term Government Fund, Cl. Y
|
12,379,957
|
2,194,269
|
2,616,912
|
11,957,314
|
||||||||||||
Oppenheimer Main Street Small- & Mid-Cap Fund, Cl. Y
|
5,524,327
|
241,411
|
1,196,890
|
4,568,848
|
||||||||||||
Oppenheimer Master Event-Linked Bond Fund, LLC
|
—
|
2,975,616
|
748,396
|
2,227,220
|
||||||||||||
Oppenheimer Master Inflation Protected Securities Fund, LLC
|
2,717,972
|
677,796
|
463,045
|
2,932,723
|
||||||||||||
Oppenheimer Master Loan Fund, LLC
|
2,818,244
|
265,078
|
3,083,322
|
—
|
||||||||||||
Oppenheimer Real Estate Fund, Cl. Y
|
1,345,471
|
504,989
|
458,734
|
1,391,726
|
||||||||||||
Oppenheimer Rising Dividends Fund, Cl. Y
|
—
|
2,159,156
|
343,817
|
1,815,339
|
||||||||||||
Oppenheimer U.S. Government Trust, Cl. Y
|
—
|
1,216
|
1,216
|
—
|
||||||||||||
Oppenheimer Value Fund, Cl. Y
|
21,047,063
|
2,941,887
|
5,505,571
|
18,483,379
|
Realized
|
||||||||||||||||
Value
|
Income
|
Gain (Loss)
|
||||||||||||||
Oppenheimer Capital Appreciation Fund, Cl. Y
|
$
|
314,084,491
|
$
|
1,814,100
|
$
|
(1,216,043
|
)
|
|||||||||
Oppenheimer Champion Income Fund, Cl. Y
|
39,052,840
|
3,757,801
|
273,358
|
|||||||||||||
Oppenheimer Commodity Strategy Total Return Fund, Cl. Y
|
46,586,874
|
2,922,840
|
(1,946,310
|
)
|
Realized
|
||||||||||||||||
Value
|
Income
|
Gain (Loss)
|
||||||||||||||
Oppenheimer Core Bond Fund, Cl. Y
|
201,148,277
|
9,666,131
|
(12,751,520
|
)
|
||||||||||||
Oppenheimer Developing Markets Fund, Cl. Y
|
85,895,990
|
1,782,358
|
5,218,163
|
|||||||||||||
Oppenheimer Discovery Fund, Cl. Y
|
23,709,495
|
—
|
(163,951
|
)
|
||||||||||||
Oppenheimer Gold & Special Minerals Fund, Cl. Y
|
11,060,435
|
243,317
|
(3,070,369
|
)
|
||||||||||||
Oppenheimer Institutional Money Market Fund, Cl. E
|
31,015,263
|
91,787
|
—
|
|||||||||||||
Oppenheimer International Bond Fund, Cl. Y
|
102,148,586
|
5,324,701
|
(42,403
|
)
|
||||||||||||
Oppenheimer International Growth Fund, Cl. Y
|
234,548,962
|
2,833,404
|
4,728,830
|
|||||||||||||
Oppenheimer International Small Company Fund, Cl. Y
|
19,583,338
|
972,931
|
3,199,455
|
|||||||||||||
Oppenheimer International Value Fund, Cl. Y (formerly Oppenheimer Quest International Value Fund, Cl. Y)
|
96,616,441
|
1,590,098
|
(610,677
|
)
|
||||||||||||
Oppenheimer Limited-Term Government Fund, Cl. Y
|
111,681,314
|
3,427,738
|
(128,057
|
)
|
||||||||||||
Oppenheimer Main Street Small- & Mid-Cap Fund, Cl. Y
|
102,250,824
|
593,293
|
2,359,854
|
|||||||||||||
Oppenheimer Master Event-Linked Bond Fund, LLC
|
25,142,886
|
1,142,679
|
a
|
560,178
|
a
|
|||||||||||
Oppenheimer Master Inflation Protected Securities Fund, LLC
|
34,391,376
|
968,989
|
b
|
580,006
|
b
|
|||||||||||
Oppenheimer Master Loan Fund, LLC
|
—
|
633,770
|
c
|
919,375
|
c
|
|||||||||||
Oppenheimer Real Estate Fund, Cl. Y
|
30,005,607
|
326,871
|
(242,574
|
)
|
||||||||||||
Oppenheimer Rising Dividends Fund, Cl. Y
|
30,515,849
|
166,916
|
82,516
|
|||||||||||||
Oppenheimer U.S. Government Trust, Cl. Y
|
—
|
14
|
85
|
|||||||||||||
Oppenheimer Value Fund, Cl. Y
|
402,937,665
|
6,776,127
|
(13,180,100
|
)
|
||||||||||||
$
|
1,942,376,513
|
$
|
45,035,865
|
$
|
(15,430,184
|
)
|
||||||||||
a.
|
Represents the amount allocated to the Fund from Oppenheimer Master Event-Linked Bond Fund, LLC.
|
|
b.
|
Represents the amount allocated to the Fund from Oppenheimer Master Inflation Protected Securities Fund, LLC.
|
|
c.
|
Represents the amount allocated to the Fund from Oppenheimer Master Loan Fund, LLC.
|
Shares
|
Gross
|
Gross
|
Shares
|
|||||||||||||
Oppenheimer Transition 2030 Fund
|
January 31, 2011
|
Additions
|
Reductions
|
January 31, 2012
|
||||||||||||
Oppenheimer Capital Appreciation Fund, Cl. Y
|
499,292
|
107,684
|
78,129
|
528,847
|
||||||||||||
Oppenheimer Champion Income Fund, Cl. Y
|
575,913
|
249,067
|
65,513
|
759,467
|
||||||||||||
Oppenheimer Core Bond Fund, Cl. Y
|
1,054,824
|
475,056
|
239,050
|
1,290,830
|
||||||||||||
Oppenheimer Developing Markets Fund, Cl. Y
|
226,136
|
54,984
|
24,620
|
256,500
|
||||||||||||
Oppenheimer Institutional Money Market Fund, Cl. E
|
1,430,751
|
281,728
|
291,618
|
1,420,861
|
||||||||||||
Oppenheimer International Bond Fund, Cl. Y
|
679,193
|
326,831
|
117,517
|
888,507
|
||||||||||||
Oppenheimer International Growth Fund, Cl. Y
|
980,269
|
245,519
|
108,691
|
1,117,097
|
||||||||||||
Oppenheimer International Small Company Fund, Cl. Y
|
121,523
|
32,449
|
14,134
|
139,838
|
||||||||||||
Oppenheimer International Value Fund, Cl. Y (formerly Oppenheimer Quest International Value Fund, Cl. Y)
|
772,065
|
367,578
|
86,971
|
1,052,672
|
||||||||||||
Oppenheimer Limited-Term Government Fund, Cl. Y
|
459,588
|
275,590
|
97,596
|
637,582
|
||||||||||||
Oppenheimer Main Street Small- & Mid-Cap Fund, Cl. Y
|
414,026
|
96,882
|
71,547
|
439,361
|
||||||||||||
Oppenheimer Value Fund, Cl. Y
|
1,421,694
|
357,742
|
222,997
|
1,556,439
|
Realized
|
||||||||||||||||
Value
|
Income
|
Loss
|
||||||||||||||
Oppenheimer Capital Appreciation Fund, Cl. Y
|
$
|
24,935,114
|
$
|
147,556
|
$
|
135,427
|
||||||||||
Oppenheimer Champion Income Fund, Cl. Y
|
1,359,446
|
109,709
|
13,580
|
|||||||||||||
Oppenheimer Core Bond Fund, Cl. Y
|
8,648,563
|
415,105
|
577
|
|||||||||||||
Oppenheimer Developing Markets Fund, Cl. Y
|
8,102,835
|
171,189
|
102,306
|
|||||||||||||
Oppenheimer Institutional Money Market Fund, Cl. E
|
1,420,861
|
2,546
|
—
|
|||||||||||||
Oppenheimer International Bond Fund, Cl. Y
|
5,659,789
|
301,544
|
36,948
|
|||||||||||||
Oppenheimer International Growth Fund, Cl. Y
|
29,971,720
|
358,267
|
248,539
|
|||||||||||||
Oppenheimer International Small Company Fund, Cl. Y
|
2,733,831
|
135,602
|
44,355
|
|||||||||||||
Oppenheimer International Value Fund, Cl. Y (formerly Oppenheimer Quest International Value Fund, Cl. Y)
|
13,979,484
|
219,961
|
279,006
|
|||||||||||||
Oppenheimer Limited-Term Government Fund, Cl. Y
|
5,955,013
|
163,486
|
8,058
|
|||||||||||||
Oppenheimer Main Street Small- & Mid-Cap Fund, Cl. Y
|
9,832,896
|
57,834
|
53,679
|
|||||||||||||
Oppenheimer Value Fund, Cl. Y
|
33,930,378
|
560,752
|
432,626
|
|||||||||||||
$
|
146,529,930
|
$
|
2,643,551
|
$
|
1,355,101
|
|||||||||||
Shares
|
Gross
|
Gross
|
Shares
|
|||||||||||||
Oppenheimer Transition 2040 Fund
|
January 31, 2011
|
Additions
|
Reductions
|
January 31, 2012
|
||||||||||||
Oppenheimer Capital Appreciation Fund, Cl. Y
|
254,164
|
103,838
|
40,476
|
317,526
|
||||||||||||
Oppenheimer Champion Income Fund, Cl. Y
|
146,335
|
82,609
|
19,747
|
209,197
|
||||||||||||
Oppenheimer Core Bond Fund, Cl. Y
|
269,912
|
166,864
|
63,893
|
372,883
|
||||||||||||
Oppenheimer Developing Markets Fund, Cl. Y
|
115,733
|
55,842
|
14,208
|
157,367
|
||||||||||||
Oppenheimer Institutional Money Market Fund, Cl. E
|
417,731
|
126,607
|
151,991
|
392,347
|
||||||||||||
Oppenheimer International Bond Fund, Cl. Y
|
173,119
|
105,695
|
23,446
|
255,368
|
||||||||||||
Oppenheimer International Growth Fund, Cl. Y
|
502,530
|
214,725
|
59,881
|
657,374
|
||||||||||||
Oppenheimer International Small Company Fund, Cl. Y
|
61,331
|
28,722
|
8,959
|
81,094
|
||||||||||||
Oppenheimer International Value Fund, Cl. Y (formerly Oppenheimer Quest International Value Fund, Cl. Y)
|
401,280
|
272,251
|
54,361
|
619,170
|
||||||||||||
Oppenheimer Limited-Term Government Fund, Cl. Y
|
117,848
|
86,312
|
28,257
|
175,903
|
||||||||||||
Oppenheimer Main Street Small- & Mid-Cap Fund, Cl. Y
|
211,375
|
86,216
|
35,598
|
261,993
|
||||||||||||
Oppenheimer Value Fund, Cl. Y
|
724,789
|
311,469
|
106,764
|
929,494
|
Realized
|
||||||||||||||||
Value
|
Income
|
Gain (Loss)
|
||||||||||||||
Oppenheimer Capital Appreciation Fund, Cl. Y
|
$
|
14,971,361
|
$
|
88,324
|
$
|
(76,547
|
)
|
|||||||||
Oppenheimer Champion Income Fund, Cl. Y
|
374,462
|
28,977
|
(3,601
|
)
|
||||||||||||
Oppenheimer Core Bond Fund, Cl. Y
|
2,498,319
|
111,651
|
1,454
|
|||||||||||||
Oppenheimer Developing Markets Fund, Cl. Y
|
4,971,216
|
100,388
|
(54,499
|
)
|
||||||||||||
Oppenheimer Institutional Money Market Fund, Cl. E
|
392,347
|
693
|
—
|
|||||||||||||
Oppenheimer International Bond Fund, Cl. Y
|
1,626,694
|
81,832
|
(8,240
|
)
|
||||||||||||
Oppenheimer International Growth Fund, Cl. Y
|
17,637,338
|
210,405
|
(160,320
|
)
|
Realized
|
||||||||||||||||
Value
|
Income
|
Gain (Loss)
|
||||||||||||||
Oppenheimer International Small Company Fund, Cl. Y
|
1,585,395
|
77,411
|
(29,578
|
)
|
||||||||||||
Oppenheimer International Value Fund, Cl. Y (formerly Oppenheimer Quest International Value Fund, Cl. Y)
|
8,222,574
|
127,790
|
(159,218
|
)
|
||||||||||||
Oppenheimer Limited-Term Government Fund, Cl. Y
|
1,642,938
|
43,069
|
(2,208
|
)
|
||||||||||||
Oppenheimer Main Street Small- & Mid-Cap Fund, Cl. Y
|
5,863,405
|
34,168
|
(18,921
|
)
|
||||||||||||
Oppenheimer Value Fund, Cl. Y
|
20,262,969
|
324,991
|
(199,343
|
)
|
||||||||||||
$
|
80,049,018
|
$
|
1,229,699
|
$
|
(711,021
|
)
|
||||||||||
Shares
|
Gross
|
Gross
|
Shares
|
|||||||||||||
Oppenheimer Transition 2050 Fund
|
January 31,2011
|
Additions
|
Reductions
|
January 31,2012
|
||||||||||||
Oppenheimer Capital Appreciation Fund, Cl. Y
|
121,430
|
54,322
|
22,417
|
153,335
|
||||||||||||
Oppenheimer Champion Income Fund, Cl. Y
|
51,152
|
31,154
|
7,543
|
74,763
|
||||||||||||
Oppenheimer Core Bond Fund, Cl. Y
|
89,774
|
70,005
|
31,221
|
128,558
|
||||||||||||
Oppenheimer Developing Markets Fund, Cl. Y
|
56,086
|
27,028
|
7,548
|
75,566
|
||||||||||||
Oppenheimer Institutional Money Market Fund, Cl. E
|
180,121
|
48,310
|
83,779
|
144,652
|
||||||||||||
Oppenheimer International Bond Fund, Cl. Y
|
60,510
|
41,729
|
10,492
|
91,747
|
||||||||||||
Oppenheimer International Growth Fund, Cl. Y
|
240,892
|
115,667
|
31,948
|
324,611
|
||||||||||||
Oppenheimer International Small Company Fund, Cl. Y
|
29,420
|
14,981
|
4,193
|
40,208
|
||||||||||||
Oppenheimer International Value Fund, Cl. Y (formerly Oppenheimer Quest International Value Fund, Cl. Y)
|
191,115
|
143,629
|
28,871
|
305,873
|
||||||||||||
Oppenheimer Limited-Term Government Fund, Cl. Y
|
41,095
|
33,320
|
12,827
|
61,588
|
||||||||||||
Oppenheimer Main Street Small- & Mid-Cap Fund, Cl. Y
|
100,997
|
45,206
|
16,370
|
129,833
|
||||||||||||
Oppenheimer Value Fund, Cl. Y
|
344,451
|
163,812
|
57,410
|
450,853
|
Realized
|
||||||||||||||||
Value
|
Income
|
Gain (Loss)
|
||||||||||||||
Oppenheimer Capital Appreciation Fund, Cl. Y
|
$
|
7,229,726
|
$
|
42,336
|
$
|
(58,647
|
)
|
|||||||||
Oppenheimer Champion Income Fund, Cl. Y
|
133,827
|
10,202
|
(1,335
|
)
|
||||||||||||
Oppenheimer Core Bond Fund, Cl. Y
|
861,336
|
38,949
|
200
|
|||||||||||||
Oppenheimer Developing Markets Fund, Cl. Y
|
2,387,126
|
49,237
|
(34,091
|
)
|
||||||||||||
Oppenheimer Institutional Money Market Fund, Cl. E
|
144,652
|
261
|
—
|
|||||||||||||
Oppenheimer International Bond Fund, Cl. Y
|
584,426
|
28,981
|
(3,282
|
)
|
||||||||||||
Oppenheimer International Growth Fund, Cl. Y
|
8,709,309
|
102,287
|
(93,461
|
)
|
||||||||||||
Oppenheimer International Small Company Fund, Cl. Y
|
786,076
|
38,224
|
(14,454
|
)
|
||||||||||||
Oppenheimer International Value Fund, Cl. Y (formerly Oppenheimer Quest International Value Fund, Cl. Y)
|
4,061,995
|
63,232
|
(87,880
|
)
|
||||||||||||
Oppenheimer Limited-Term Government Fund, Cl. Y
|
575,236
|
15,092
|
(994
|
)
|
||||||||||||
Oppenheimer Main Street Small- & Mid-Cap Fund, Cl. Y
|
2,905,664
|
16,451
|
(24,881
|
)
|
||||||||||||
Oppenheimer Value Fund, Cl. Y
|
9,828,590
|
157,801
|
(129,078
|
)
|
||||||||||||
$
|
38,207,963
|
$
|
563,053
|
$
|
(447,903
|
)
|
||||||||||
Active Allocation
|
Shares
|
Gross
|
Gross
|
Shares
|
||||||||||||
Pro Forma Combined
|
January 31, 2011
|
Additions
|
Reductions
|
January 31, 2012
|
||||||||||||
Oppenheimer Capital Appreciation Fund, Cl. Y
|
8,288,791
|
1,120,487
|
1,748,181
|
7,661,097
|
||||||||||||
Oppenheimer Champion Income Fund, Cl. Y
|
27,550,194
|
4,022,471
|
8,712,009
|
22,860,656
|
||||||||||||
Oppenheimer Commodity Strategy Total Return Fund, Cl. Y
|
14,528,635
|
7,648,078
|
8,514,873
|
13,661,840
|
||||||||||||
Oppenheimer Core Bond Fund, Cl. Y
|
30,490,276
|
7,834,198
|
6,510,072
|
31,814,402
|
||||||||||||
Oppenheimer Developing Markets Fund, Cl. Y
|
2,804,673
|
1,194,604
|
790,756
|
3,208,521
|
||||||||||||
Oppenheimer Discovery Fund, Cl. Y
|
279,642
|
252,103
|
140,176
|
391,569
|
||||||||||||
Oppenheimer Gold & Special Minerals Fund, Cl. Y
|
230,249
|
460,822
|
404,754
|
286,317
|
||||||||||||
Oppenheimer Institutional Money Market Fund, Cl. E
|
74,860,112
|
345,394,581
|
387,281,570
|
32,973,123
|
||||||||||||
Oppenheimer International Bond Fund, Cl. Y
|
16,548,952
|
3,529,106
|
2,806,551
|
17,271,507
|
||||||||||||
Oppenheimer International Growth Fund, Cl. Y
|
11,913,694
|
1,090,096
|
2,162,667
|
10,841,123
|
||||||||||||
Oppenheimer International Small Company Fund, Cl. Y
|
1,956,163
|
156,346
|
849,664
|
1,262,845
|
||||||||||||
Oppenheimer International Value Fund, Cl. Y (formerly Oppenheimer Quest International Value Fund, Cl. Y)
|
9,518,289
|
1,882,657
|
2,147,897
|
9,253,049
|
||||||||||||
Oppenheimer Limited-Term Government Fund, Cl. Y
|
12,998,488
|
2,589,491
|
2,755,592
|
12,832,387
|
||||||||||||
Oppenheimer Main Street Small- & Mid-Cap Fund, Cl. Y
|
6,250,725
|
469,715
|
1,320,405
|
5,400,035
|
||||||||||||
Oppenheimer Master Event-Linked Bond Fund, LLC
|
—
|
2,975,616
|
748,396
|
2,227,220
|
||||||||||||
Oppenheimer Master Inflation Protected Securities Fund, LLC
|
2,717,972
|
677,796
|
463,045
|
2,932,723
|
||||||||||||
Oppenheimer Master Loan Fund, LLC
|
2,818,244
|
265,078
|
3,083,322
|
—
|
||||||||||||
Oppenheimer Real Estate Fund, Cl. Y
|
1,345,471
|
504,989
|
458,734
|
1,391,726
|
||||||||||||
Oppenheimer Rising Dividends Fund, Cl. Y
|
—
|
2,159,156
|
343,817
|
1,815,339
|
||||||||||||
Oppenheimer U.S. Government Trust, Cl. Y
|
—
|
1,216
|
1,216
|
—
|
||||||||||||
Oppenheimer Value Fund, Cl. Y
|
23,537,997
|
3,774,910
|
5,892,742
|
21,420,165
|
Realized
|
||||||||||||||||
Value
|
Income
|
Gain (Loss)
|
||||||||||||||
Oppenheimer Capital Appreciation Fund, Cl. Y
|
$
|
361,220,692
|
$
|
2,092,316
|
$
|
(1,486,664
|
)
|
|||||||||
Oppenheimer Champion Income Fund, Cl. Y
|
40,920,575
|
3,906,689
|
254,842
|
|||||||||||||
Oppenheimer Commodity Strategy Total Return Fund, Cl. Y
|
46,586,874
|
2,922,840
|
(1,946,310
|
)
|
||||||||||||
Oppenheimer Core Bond Fund, Cl. Y
|
213,156,495
|
10,231,836
|
(12,750,443
|
)
|
||||||||||||
Oppenheimer Developing Markets Fund, Cl. Y
|
101,357,167
|
2,103,172
|
5,027,267
|
|||||||||||||
Oppenheimer Discovery Fund, Cl. Y
|
23,709,495
|
—
|
(163,951
|
)
|
||||||||||||
Oppenheimer Gold & Special Minerals Fund, Cl. Y
|
11,060,435
|
243,317
|
(3,070,369
|
)
|
||||||||||||
Oppenheimer Institutional Money Market Fund, Cl. E
|
32,973,123
|
95,287
|
—
|
|||||||||||||
Oppenheimer International Bond Fund, Cl. Y
|
110,019,495
|
5,737,058
|
(90,873
|
)
|
||||||||||||
Oppenheimer International Growth Fund, Cl. Y
|
290,867,329
|
3,504,363
|
4,226,510
|
|||||||||||||
Oppenheimer International Small Company Fund, Cl. Y
|
24,688,640
|
1,224,168
|
3,111,068
|
|||||||||||||
Oppenheimer International Value Fund, Cl. Y (formerly Oppenheimer Quest International Value Fund, Cl. Y)
|
122,880,494
|
2,001,081
|
(1,136,781
|
)
|
Realized
|
||||||||||||||||
Value
|
Income
|
Gain (Loss)
|
||||||||||||||
Oppenheimer Limited-Term Government Fund, Cl. Y
|
119,854,501
|
3,649,385
|
(139,317
|
)
|
||||||||||||
Oppenheimer Main Street Small- & Mid-Cap Fund, Cl. Y
|
120,852,789
|
701,746
|
2,262,373
|
|||||||||||||
Oppenheimer Master Event-Linked Bond Fund, LLC
|
25,142,886
|
1,142,679
|
a
|
560,178
|
a
|
|||||||||||
Oppenheimer Master Inflation Protected Securities Fund, LLC
|
34,391,376
|
968,989
|
b
|
580,006
|
b
|
|||||||||||
Oppenheimer Master Loan Fund, LLC
|
—
|
633,770
|
c
|
919,375
|
c
|
|||||||||||
Oppenheimer Real Estate Fund, Cl. Y
|
30,005,607
|
326,871
|
(242,574
|
)
|
||||||||||||
Oppenheimer Rising Dividends Fund, Cl. Y
|
30,515,849
|
166,916
|
82,516
|
|||||||||||||
Oppenheimer U.S. Government Trust, Cl. Y
|
—
|
14
|
85
|
|||||||||||||
Oppenheimer Value Fund, Cl. Y
|
466,959,602
|
7,819,671
|
(13,941,147
|
)
|
||||||||||||
$
|
2,207,163,424
|
$
|
49,472,168
|
$
|
(17,944,209
|
)
|
||||||||||
a.
|
Represents the amount allocated to the Fund from Oppenheimer Master Event-Linked Bond Fund, LLC.
|
|
b.
|
Represents the amount allocated to the Fund from Oppenheimer Master Inflation Protected Securities Fund, LLC.
|
|
c.
|
Represents the amount allocated to the Fund from Oppenheimer Master Loan Fund, LLC.
|
|
2.
|
Rate shown is the 7-day yield as of January 31, 2012.
|
|
3.
|
All or a portion of the security position is held in collateral accounts to cover the Fund’s obligations under certain derivative contracts. The aggregate market value of such securities of Active Allocation Fund is $2,564,466.
|
|
4.
|
All or a portion of the security position is held in collateralized accounts to cover initial margin requirements on open futures contracts and written options on futures, if applicable. The aggregate market value of such securities of Active Allocation Fund is $3,014,373.
|
Contract Amount
|
Expiration
|
Unrealized
|
Unrealized
|
|||||||||||||||||||
Counterparty/Contract Description
|
Buy/Sell
|
(000’s)
|
Date
|
Value
|
Appreciation
|
Depreciation
|
||||||||||||||||
Barclay’s Capital
|
||||||||||||||||||||||
Euro (EUR)
|
Sell
|
17
|
EUR
|
2/2/12
|
$
|
22,757
|
$
|
—
|
$
|
20
|
||||||||||||
Citigroup:
|
||||||||||||||||||||||
Australian Dollar (AUD)
|
Sell
|
940
|
AUD
|
2/17/12
|
996,114
|
—
|
30,146
|
|||||||||||||||
British Pound Sterling (GBP)
|
Buy
|
1,915
|
GBP
|
2/7/12
|
3,017,494
|
30,333
|
—
|
|||||||||||||||
Euro (EUR)
|
Buy
|
26,330
|
EUR
|
2/7/12-4/23/12
|
34,446,602
|
81,734
|
357,280
|
|||||||||||||||
112,067
|
387,426
|
|||||||||||||||||||||
Deutsche Bank Capital Corp.:
|
||||||||||||||||||||||
British Pound Sterling (GBP)
|
Sell
|
2,455
|
GBP
|
2/17/12
|
3,868,095
|
—
|
104,406
|
|||||||||||||||
Canadian Dollar (CAD)
|
Sell
|
3,905
|
CAD
|
2/17/12
|
3,893,011
|
—
|
68,502
|
|||||||||||||||
—
|
172,908
|
|||||||||||||||||||||
Nomura Securities
|
||||||||||||||||||||||
Euro (EUR)
|
Sell
|
31,915
|
EUR
|
2/15/12-2/17/12
|
41,747,410
|
—
|
515,399
|
|||||||||||||||
RBS Greenwich Capital:
|
||||||||||||||||||||||
Japanese Yen (JPY)
|
Sell
|
450,000
|
JPY
|
2/17/12
|
5,904,994
|
—
|
38,806
|
|||||||||||||||
Swiss Franc (CHF)
|
Sell
|
885
|
CHF
|
2/17/12
|
961,653
|
—
|
24,478
|
|||||||||||||||
—
|
63,284
|
|||||||||||||||||||||
State Street:
|
||||||||||||||||||||||
Czech Koruna (CZK)
|
Sell
|
109,500
|
CZK
|
2/7/12
|
5,656,132
|
143,042
|
—
|
|||||||||||||||
Hungarian Forint (HUF)
|
Sell
|
986,000
|
HUF
|
2/7/12
|
4,379,116
|
—
|
53,037
|
|||||||||||||||
Japanese Yen (JPY)
|
Buy
|
1,353,000
|
JPY
|
2/7/12
|
17,752,524
|
327,578
|
—
|
|||||||||||||||
Mexican Nuevo Peso (MXN)
|
Sell
|
97,700
|
MXN
|
2/7/12
|
7,491,373
|
—
|
351,126
|
|||||||||||||||
New Turkish Lira (TRY)
|
Sell
|
12,370
|
TRY
|
2/7/12
|
6,950,356
|
—
|
291,226
|
|||||||||||||||
Polish Zloty (PLZ)
|
Sell
|
26,070
|
PLZ
|
2/7/12
|
8,073,370
|
—
|
326,661
|
|||||||||||||||
South African Rand (ZAR)
|
Sell
|
27,780
|
ZAR
|
2/7/12
|
3,548,311
|
—
|
160,630
|
|||||||||||||||
470,620
|
1,182,680
|
|||||||||||||||||||||
Total unrealized appreciation and depreciation
|
$
|
582,687
|
$
|
2,321,717
|
||||||||||||||||||
Unrealized
|
||||||||||||||||||||
Number of
|
Expiration
|
Appreciation
|
||||||||||||||||||
Contract Description
|
Buy/Sell
|
Contracts
|
Date
|
Value
|
(Depreciation)
|
|||||||||||||||
Euro-Bundesobligation
|
Buy
|
84
|
3/8/12
|
$
|
15,351,838
|
$
|
554,700
|
|||||||||||||
Japan Mini Bonds, 10 yr.
|
Buy
|
95
|
3/8/12
|
17,771,057
|
103,443
|
|||||||||||||||
Standard & Poor’s 500 E-Mini Index
|
Buy
|
588
|
3/16/12
|
38,461,080
|
1,087,306
|
|||||||||||||||
Standard & Poor’s 500 E-Mini Index
|
Sell
|
431
|
3/16/12
|
28,191,710
|
(1,703,187
|
)
|
||||||||||||||
Standard & Poor’s 500 Index
|
Sell
|
60
|
3/15/12
|
19,623,000
|
(828,790
|
)
|
||||||||||||||
United Kingdom Long Gilt
|
Buy
|
16
|
3/28/12
|
2,956,193
|
93,589
|
|||||||||||||||
U.S. Long Bonds
|
Sell
|
260
|
3/21/12
|
37,813,750
|
(225,291
|
)
|
||||||||||||||
$
|
(918,230
|
)
|
||||||||||||||||||
Pay/
|
Upfront
|
|||||||||||||||||||||||||||
Buy/Sell
|
Notional
|
Receive
|
Payment
|
|||||||||||||||||||||||||
Reference Entity/
|
Credit
|
Amount
|
Fixed
|
Termination
|
Received/
|
Unrealized
|
||||||||||||||||||||||
Swap Counterparty
|
Protection
|
(000’s)
|
Rate
|
Date
|
(Paid)
|
Value
|
Appreciation
|
|||||||||||||||||||||
CDX North America High Yield Index, Series 17
|
||||||||||||||||||||||||||||
JPMorgan Chase Bank NA
|
Sell
|
$
|
20,000
|
5
|
%
|
12/20/16
|
$
|
711,861
|
$
|
(411,328
|
)
|
$
|
300,533
|
Total Maximum
|
||||||||||||
Potential Payments for
|
||||||||||||
Type of Reference Asset on which the
|
Selling Credit Protection
|
Reference Asset Rating
|
||||||||||
Fund Sold Protection
|
(Undiscounted)
|
Amount Recoverable*
|
Range**
|
|||||||||
Non-Investment Grade Corporate Debt Indexes
|
$
|
20,000,000
|
$
|
—
|
B+
|
*
|
The Fund has no amounts recoverable from related purchased protection. In addition, the Fund has no recourse provisions under the credit derivatives and holds no collateral which can offset or reduce potential payments under a triggering event.
|
|
**
|
The period end reference asset security ratings, as rated by any rating organization, are included in the equivalent Standard & Poor’s rating category. The reference asset rating represents the likelihood of a potential credit event on the reference asset which would result in a related payment by the Fund.
|
Notional
|
||||||||||||||||||||||||
Interest Rate/
|
Amount
|
Paid by
|
Received by
|
Termination
|
||||||||||||||||||||
Swap Counterparty
|
(000’s)
|
the Fund
|
the Fund
|
Date
|
Value
|
|||||||||||||||||||
Six-Month AUD BBR BBSW
|
||||||||||||||||||||||||
Westpac Banking Corp.
|
34,625
|
AUD
|
4.990
|
%
|
Six-Month AUD BBR BBSW
|
11/3/21
|
$
|
(1,153,095
|
)
|
|||||||||||||||
Three-Month NZD BBR FRA
|
||||||||||||||||||||||||
Westpac Banking Corp.
|
22,500
|
NZD
|
Three-Month NZD BBR FRA
|
4.055
|
%
|
2/2/22
|
(58,871
|
)
|
||||||||||||||||
Three-Month SEK
STIBOR SIDE
|
||||||||||||||||||||||||
Goldman Sachs Group, Inc. (The)
|
236,140
|
SEK
|
2.440
|
Three-Month SEK STIBOR SIDE
|
11/3/21
|
(389,956
|
)
|
|||||||||||||||||
Three-Month USD BBA LIBOR
|
||||||||||||||||||||||||
Barclays Bank plc
|
36,670
|
Three-Month USD BBA LIBOR
|
2.358
|
11/2/21
|
1,783,806
|
|||||||||||||||||||
Total Interest Rate Swaps
|
$
|
181,884
|
||||||||||||||||||||||
AUD
|
Australian Dollar
|
|
NZD
|
New Zealand Dollar
|
|
SEK
|
Swedish Krona
|
|
Abbreviations/Definitions are as follows:
|
||
BBA LIBOR
|
British Bankers’ Association London-Interbank Offered Rate
|
|
BBR BBSW
|
Bank Bill Swap Reference Rate (Australian Financial Market)
|
|
BBR FRA
|
Bank Bill Rate Forward Rate Agreement
|
|
STIBOR SIDE
|
Stockholm Interbank Offered Rate
|
Notional
|
||||||||||||||||||||
Reference Entity/
|
Amount
|
Paid by
|
Received by
|
Termination
|
||||||||||||||||
Swap Counterparty
|
(000’s)
|
the Fund
|
the Fund
|
Date
|
Value
|
|||||||||||||||
Consumer Staples Select Sector Index
|
||||||||||||||||||||
One-Month USD BBA
LIBOR plus 15 basis
|
||||||||||||||||||||
points and if
|
||||||||||||||||||||
negative, the
|
||||||||||||||||||||
absolute value of
|
||||||||||||||||||||
the Total Return of
|
If positive, the
|
|||||||||||||||||||
the Consumer
|
Total Return of the
|
|||||||||||||||||||
Staples Select
|
Consumer Staples
|
|||||||||||||||||||
Morgan Stanley
|
$
|
10,077
|
Sector Index
|
Select Sector Index
|
3/9/12
|
$
|
(186,138
|
)
|
||||||||||||
GS Custom REITS Index
|
||||||||||||||||||||
One-Month USD BBA
LIBOR plus 10 basis
|
||||||||||||||||||||
points and if
|
||||||||||||||||||||
negative, the
|
||||||||||||||||||||
absolute value of
|
If positive, the
|
|||||||||||||||||||
the Total Return of
|
Total Return of the
|
|||||||||||||||||||
the GS Custom REITS
|
GS Custom REITS
|
|||||||||||||||||||
Goldman Sachs Group, Inc. (The)
|
19,229
|
Index
|
Index
|
1/28/13
|
512,978
|
Notional
|
||||||||||||||||||||
Reference Entity/
|
Amount
|
Paid by
|
Received by
|
Termination
|
||||||||||||||||
Swap Counterparty
|
(000’s)
|
the Fund
|
the Fund
|
Date
|
Value
|
|||||||||||||||
Health Care Select Sector Index
|
||||||||||||||||||||
One-Month USD BBA
LIBOR plus 8 basis
|
||||||||||||||||||||
points and if
|
||||||||||||||||||||
negative, the
|
||||||||||||||||||||
absolute value of
|
If positive, the
|
|||||||||||||||||||
the Total Return of
|
Total Return of the
|
|||||||||||||||||||
the Health Care
|
Health Care Select
|
|||||||||||||||||||
UBS AG
|
11,306
|
Select Sector Index
|
Sector Index
|
1/3/13
|
184,791
|
|||||||||||||||
Industrial Select Sector Index
|
||||||||||||||||||||
One-Month USD BBA
LIBOR plus 15 basis
|
||||||||||||||||||||
points and if
|
||||||||||||||||||||
negative, the
|
||||||||||||||||||||
absolute value of
|
If positive, the
|
|||||||||||||||||||
the Total Return of
|
Total Return of the
|
|||||||||||||||||||
the Industrial
|
Industrial Select
|
|||||||||||||||||||
UBS AG
|
9,450
|
Select Sector Index
|
Sector Index
|
9/7/12
|
554,988
|
|||||||||||||||
MSCI Daily TR Net Australia USD Index
|
||||||||||||||||||||
One-Month USD BBA
LIBOR plus 35 basis
|
||||||||||||||||||||
points and if
|
||||||||||||||||||||
negative, the
|
||||||||||||||||||||
absolute value of
|
If positive, the
|
|||||||||||||||||||
the Total Return of
|
Total Return of the
|
|||||||||||||||||||
the MSCI Daily Net
|
MSCI Daily Net
|
|||||||||||||||||||
Morgan Stanley
|
7,066
|
Australia USD Index
|
Australia USD Index
|
1/9/13
|
335,469
|
|||||||||||||||
MSCI Daily TR Gross EAFE USD Index:
|
||||||||||||||||||||
One-Month USD BBA
LIBOR plus 35 basis
|
||||||||||||||||||||
points and if
|
||||||||||||||||||||
negative, the
|
||||||||||||||||||||
absolute value of
|
||||||||||||||||||||
If positive, the
|
the Total Return of
|
|||||||||||||||||||
Total Return of the
|
the MSCI Daily
|
|||||||||||||||||||
MSCI Daily Gross
|
Gross EAFE USD
|
|||||||||||||||||||
Citibank NA
|
5,975
|
EAFE USD Index
|
Index
|
12/6/12
|
(169,037
|
)
|
||||||||||||||
One-Month USD BBA
|
||||||||||||||||||||
LIBOR plus 10 basis
|
||||||||||||||||||||
points and if
|
||||||||||||||||||||
negative, the
|
||||||||||||||||||||
absolute value of
|
||||||||||||||||||||
If positive, the
|
the Total Return of
|
|||||||||||||||||||
Total Return of the
|
the MSCI Daily
|
|||||||||||||||||||
MSCI Daily Gross
|
Gross EAFE USD
|
|||||||||||||||||||
Goldman Sachs Group, Inc. (The)
|
28,758
|
EAFE USD Index
|
Index
|
7/10/12
|
(1,056,850
|
)
|
||||||||||||||
Reference Entity Total
|
(1,225,887
|
)
|
||||||||||||||||||
MSCI Daily TR Net Emerging Markets Eastern Europe USD Index
|
||||||||||||||||||||
One-Month USD BBA
LIBOR plus 40 basis
|
||||||||||||||||||||
points and if
|
||||||||||||||||||||
negative, the
|
||||||||||||||||||||
absolute value of
|
If positive, the
|
|||||||||||||||||||
the Total Return of
|
Total Return of the
|
|||||||||||||||||||
the MSCI Daily Net
|
MSCI Daily Net
|
|||||||||||||||||||
Emerging Markets
|
Emerging Markets
|
|||||||||||||||||||
Eastern Europe USD
|
Eastern Europe USD
|
|||||||||||||||||||
Goldman Sachs Group, Inc. (The)
|
18,502
|
Index
|
Index
|
10/22/12
|
1,390,049
|
|||||||||||||||
MSCI Daily TR Net Emerging Markets USD Index
|
||||||||||||||||||||
One-Month USD BBA
LIBOR plus 20 basis
|
||||||||||||||||||||
points and if
|
||||||||||||||||||||
negative, the
|
||||||||||||||||||||
If positive, the
|
absolute value of
|
|||||||||||||||||||
Total Return of the
|
the Total Return of
|
|||||||||||||||||||
MSCI Daily Net
|
the MSCI Daily Net
|
|||||||||||||||||||
Emerging Markets
|
Emerging Markets
|
|||||||||||||||||||
Goldman Sachs Group, Inc. (The)
|
19,325
|
USD Index
|
USD Index
|
12/13/12
|
(1,737,465
|
)
|
||||||||||||||
MSCI Daily TR Net France USD Index
|
||||||||||||||||||||
One-Month USD BBA
LIBOR minus 65
|
||||||||||||||||||||
basis points and if
|
||||||||||||||||||||
negative, the
|
||||||||||||||||||||
absolute value of
|
If positive,
|
|||||||||||||||||||
the Total Return of
|
the Total Return of
|
|||||||||||||||||||
the MSCI Daily Net
|
the MSCI Daily Net
|
|||||||||||||||||||
Goldman Sachs Group, Inc. (The)
|
6,508
|
France USD Index
|
France USD Index
|
7/6/12
|
162,809
|
Notional
|
||||||||||||||||||||
Reference Entity/
|
Amount
|
Paid by
|
Received by
|
Termination
|
||||||||||||||||
Swap Counterparty
|
(000’s)
|
the Fund
|
the Fund
|
Date
|
Value
|
|||||||||||||||
MSCI Daily TR Net Hong Kong USD Index
|
||||||||||||||||||||
One-Month USD BBA
LIBOR plus 30 basis
|
||||||||||||||||||||
points and if
|
||||||||||||||||||||
negative, the
|
||||||||||||||||||||
absolute value of
|
If positive, the
|
|||||||||||||||||||
the Total Return of
|
Total Return of the
|
|||||||||||||||||||
the MSCI Daily Net
|
MSCI Daily Net Hong
|
|||||||||||||||||||
UBS AG
|
6,350
|
Hong Kong USD Index
|
Kong USD Index
|
10/9/12
|
586,414
|
|||||||||||||||
MSCI Daily TR Net Spain USD Index
|
||||||||||||||||||||
One-Month USD BBA
LIBOR minus 2 basis
|
||||||||||||||||||||
points and if
|
||||||||||||||||||||
negative, the
|
||||||||||||||||||||
absolute value of
|
If positive, the
|
|||||||||||||||||||
the Total Return of
|
Total Return of the
|
|||||||||||||||||||
the MSCI Daily Net
|
MSCI Daily Net
|
|||||||||||||||||||
Morgan Stanley
|
7,121
|
Spain USD Index
|
Spain USD Index
|
9/12/12
|
(131,683
|
)
|
||||||||||||||
MSCI Daily TR Net UK USD Index
|
||||||||||||||||||||
One-Month USD BBA
LIBOR plus 25 basis
|
||||||||||||||||||||
points and if
|
||||||||||||||||||||
negative, the
|
||||||||||||||||||||
absolute value of
|
If positive, the
|
|||||||||||||||||||
the Total Return of
|
Total Return of the
|
|||||||||||||||||||
the MSCI Daily Net
|
MSCI Daily Net UK
|
|||||||||||||||||||
UBS AG
|
6,976
|
UK USD Index
|
USD Index
|
1/8/13
|
43,585
|
|||||||||||||||
S&P 400 Midcap Index
|
||||||||||||||||||||
One-Month USD BBA
LIBOR minus 6 basis
|
||||||||||||||||||||
points and if
|
||||||||||||||||||||
negative, the
|
||||||||||||||||||||
absolute value of
|
If positive, the
|
|||||||||||||||||||
the Total Return of
|
Total Return of the
|
|||||||||||||||||||
the S&P 400 Midcap
|
S&P 400 Midcap
|
|||||||||||||||||||
BNP Paribas
|
17,055
|
Index
|
Index
|
12/6/12
|
933,857
|
|||||||||||||||
Total of Total Return Swaps
|
$
|
1,423,767
|
||||||||||||||||||
Abbreviations are as follows:
|
||
BBA LIBOR
|
British Bankers’ Association London-Interbank Offered Rate
|
|
EAFE
|
Europe, Australasia, Far East
|
|
MSCI
|
Morgan Stanley Capital International
|
|
REITS
|
Real Estate Investment Trusts
|
|
S&P
|
Standard & Poor’s
|
|
TR
|
Total Return
|
|
UK
|
United Kingdom
|
Notional
|
||||||||||||||||
Swap Type from
|
Amount
|
|||||||||||||||
Swap Counterparty
|
Fund Perspective
|
(000’s)
|
Value
|
|||||||||||||
Barclays Bank plc
|
Interest Rate
|
$
|
36,670
|
$
|
1,783,806
|
|||||||||||
BNP Paribas
|
Total Return
|
17,055
|
933,857
|
|||||||||||||
Citibank NA
|
Total Return
|
5,975
|
(169,037
|
)
|
||||||||||||
Goldman Sachs Group, Inc. (The):
|
||||||||||||||||
Interest Rate
|
236,140
|
SEK
|
(389,956
|
)
|
||||||||||||
Total Return
|
92,322
|
(728,479
|
)
|
|||||||||||||
(1,118,435
|
)
|
|||||||||||||||
JPMorgan Chase Bank NA
|
Credit Default Sell Protection
|
20,000
|
(411,328
|
)
|
||||||||||||
Morgan Stanley
|
Total Return
|
24,264
|
17,648
|
|||||||||||||
UBS AG
|
Total Return
|
34,082
|
1,369,778
|
|||||||||||||
Westpac Banking Corp.:
|
||||||||||||||||
Interest Rate
|
34,625
|
AUD
|
(1,153,095
|
)
|
||||||||||||
Interest Rate
|
22,500
|
NZD
|
(58,871
|
)
|
||||||||||||
(1,211,966
|
)
|
|||||||||||||||
Total Swaps
|
$
|
1,194,323
|
||||||||||||||
AUD
|
Australian Dollar
|
|
NZD
|
New Zealand Dollar
|
|
SEK
|
Swedish Krona
|
Pro Forma
|
||||||||||||||||||||||||
Combined
|
||||||||||||||||||||||||
Active
|
Oppenheimer
|
Oppenheimer
|
Oppenheimer
|
ProForma
|
Active
|
|||||||||||||||||||
Allocation Fund
|
Transition 2030 Fund
|
Transition 2040 Fund
|
Transition 2050 Fund
|
Adjustments
|
Allocation Fund
|
|||||||||||||||||||
ASSETS:
|
||||||||||||||||||||||||
Investments, at value — see accompanying statements of investments:
|
||||||||||||||||||||||||
Unaffiliated companies (Cost $12,505,792, $0, $0, $0, and $12,505,792, respectively)
|
$
|
12,505,061
|
$
|
—
|
$
|
$
|
$
|
—
|
$
|
12,505,061
|
||||||||||||||
Affiliated companies (Cost $1,738,530,702, $129,196,658, $72,539,457, $34,359,524, and $1,974,626,341, respectively)
|
1,942,376,513
|
146,529,930
|
80,049,018
|
38,207,963
|
—
|
2,207,163,424
|
||||||||||||||||||
Cash
|
—
|
127,743
|
348,990
|
184,356
|
—
|
661,089
|
||||||||||||||||||
Unrealized appreciation on foreign currency exchange contracts
|
582,687
|
—
|
—
|
—
|
—
|
582,687
|
||||||||||||||||||
Appreciated swaps, at value (upfront payments $0, $0, $0, $0 and $0, respectively)
|
6,488,746
|
—
|
—
|
—
|
6,488,746
|
|||||||||||||||||||
Receivables and other assets:
|
||||||||||||||||||||||||
Investments sold
|
2,188,496
|
—
|
—
|
—
|
—
|
2,188,496
|
||||||||||||||||||
Interest and dividends
|
1,641,026
|
74,910
|
21,119
|
7,410
|
—
|
1,744,465
|
||||||||||||||||||
Shares of beneficial interest sold
|
1,322,683
|
—
|
—
|
70,828
|
—
|
1,393,511
|
||||||||||||||||||
Closed foreign currency contracts
|
273,948
|
—
|
—
|
—
|
273,948
|
|||||||||||||||||||
Futures margins
|
37,382
|
—
|
—
|
—
|
—
|
37,382
|
||||||||||||||||||
Other
|
106,653
|
5,291
|
3,539
|
2,818
|
—
|
118,301
|
||||||||||||||||||
Total assets
|
1,967,523,195
|
146,737,874
|
80,422,666
|
38,473,375
|
—
|
2,233,157,110
|
||||||||||||||||||
LIABILITIES:
|
||||||||||||||||||||||||
Bank overdraft
|
1,251,400
|
—
|
—
|
—
|
—
|
1,251,400
|
||||||||||||||||||
Unrealized depreciation on foreign currency exchange contracts
|
2,321,717
|
—
|
—
|
—
|
—
|
2,321,717
|
||||||||||||||||||
Appreciated swaps, at value (upfront payments received $711,861, $0, $0, $0, and $711,861, respectively)
|
411,328
|
—
|
—
|
—
|
—
|
411,328
|
||||||||||||||||||
Depreciated swaps, at value (upfront payments $0, $0, $0, $0 and $0, respectively)
|
4,883,095
|
—
|
—
|
—
|
—
|
4,883,095
|
||||||||||||||||||
Payables and other liabilities:
|
||||||||||||||||||||||||
Shares of beneficial interest redeemed
|
4,843,656
|
1,206,691
|
280,958
|
102,817
|
—
|
6,434,122
|
||||||||||||||||||
Investments purchased
|
1,635,789
|
194,970
|
365,765
|
188,744
|
—
|
2,385,268
|
||||||||||||||||||
Distributions and service plan fees
|
404,035
|
29,918
|
15,421
|
7,364
|
—
|
456,738
|
||||||||||||||||||
Transfer and shareholder servicing agent fees
|
292,171
|
25,306
|
18,729
|
9,802
|
—
|
346,008
|
||||||||||||||||||
Shareholder communications
|
256,590
|
11,834
|
4,730
|
5,175
|
—
|
278,329
|
||||||||||||||||||
Futures margins
|
240,555
|
—
|
—
|
—
|
240,555
|
|||||||||||||||||||
Trustees’ compensation
|
194,022
|
2,428
|
489
|
206
|
—
|
197,145
|
||||||||||||||||||
Closed foreign currency contracts
|
6,473
|
—
|
—
|
—
|
6,473
|
|||||||||||||||||||
Merger fees
|
—
|
—
|
—
|
—
|
181,200
|
(1)
|
181,200
|
|||||||||||||||||
Legal, auditing and other professional fees
|
—
|
20,569
|
21,163
|
21,070
|
—
|
62,802
|
||||||||||||||||||
Other
|
39,013
|
827
|
377
|
433
|
—
|
40,650
|
||||||||||||||||||
Total liabilities
|
16,779,844
|
1,492,543
|
707,632
|
335,611
|
181,200
|
19,496,830
|
||||||||||||||||||
NET ASSETS
|
$
|
1,950,743,351
|
$
|
145,245,331
|
$
|
79,715,034
|
$
|
38,137,764
|
$
|
(181,200
|
)
|
$
|
2,213,660,280
|
|||||||||||
COMPOSITION OF NET ASSETS:
|
||||||||||||||||||||||||
Par value of shares of beneficial interest
|
$
|
212,328
|
$
|
16,856
|
8,701
|
4,103
|
$
|
(1,044
|
)
|
$
|
240,944
|
|||||||||||||
Additional paid-in capital
|
2,556,781,587
|
138,303,032
|
74,065,101
|
35,393,291
|
1,044
|
2,804,544,055
|
||||||||||||||||||
Accumulated net investment income
|
25,544,421
|
444,154
|
(42,387
|
)
|
3,749
|
(181,200
|
)
|
25,768,737
|
||||||||||||||||
Accumulated net realized loss from investments and foreign currency transactions
|
(834,888,990
|
)
|
(10,851,983
|
)
|
(1,825,942
|
)
|
(1,111,818
|
)
|
—
|
(848,678,733
|
)
|
|||||||||||||
Net unrealized appreciation on investments and translation of assets and liabilities denominated in foreign currencies
|
203,094,005
|
17,333,272
|
7,509,561
|
3,848,439
|
—
|
231,785,277
|
||||||||||||||||||
NET ASSETS
|
$
|
1,950,743,351
|
$
|
145,245,331
|
$
|
79,715,034
|
$
|
38,137,764
|
$
|
(181,200
|
)
|
$
|
2,213,660,280
|
|||||||||||
Pro Forma
|
||||||||||||||||||||||||
Combined
|
||||||||||||||||||||||||
Active
|
Oppenheimer
|
Oppenheimer
|
Oppenheimer
|
ProForma
|
Active
|
|||||||||||||||||||
Allocation Fund
|
Transition 2030 Fund
|
Transition 2040 Fund
|
Transition 2050 Fund
|
Adjustments
|
Allocation Fund
|
|||||||||||||||||||
Net Asset Value Per Share
|
||||||||||||||||||||||||
Outstanding Shares
|
||||||||||||||||||||||||
Class A Shares
|
118,646,913
|
8,218,399
|
3,686,924
|
1,548,430
|
(526,320
|
)
|
131,574,346
|
(2)
|
||||||||||||||||
Class B Shares
|
31,457,110
|
1,301,201
|
414,240
|
213,923
|
(81,573
|
)
|
33,304,901
|
(2)
|
||||||||||||||||
Class C Shares
|
47,644,840
|
3,567,698
|
1,864,507
|
952,229
|
(211,918
|
)
|
53,817,356
|
(2)
|
||||||||||||||||
Class N Shares
|
13,322,937
|
3,587,220
|
2,261,608
|
1,176,823
|
(208,363
|
)
|
20,140,225
|
(2)
|
||||||||||||||||
Class Y Shares
|
1,256,346
|
181,171
|
474,087
|
211,171
|
(15,363
|
)
|
2,107,412
|
(2)
|
||||||||||||||||
Net Assets
|
||||||||||||||||||||||||
Class A Shares
|
$
|
1,097,812,531
|
$
|
71,223,068
|
$
|
33,904,533
|
$
|
14,451,155
|
$
|
(98,048
|
)
|
$
|
1,217,293,239
|
|||||||||||
Class B Shares
|
$
|
286,035,509
|
$
|
11,068,293
|
$
|
3,760,197
|
$
|
1,967,934
|
$
|
(25,769
|
)
|
$
|
302,806,164
|
|||||||||||
Class C Shares
|
$
|
432,564,217
|
$
|
30,358,435
|
$
|
16,912,380
|
$
|
8,775,628
|
$
|
(40,034
|
)
|
$
|
488,570,626
|
|||||||||||
Class N Shares
|
$
|
122,588,908
|
$
|
31,011,938
|
$
|
20,741,577
|
$
|
10,965,531
|
$
|
(15,830
|
)
|
$
|
185,292,124
|
|||||||||||
Class Y Shares
|
$
|
11,742,186
|
$
|
1,583,597
|
$
|
4,396,347
|
$
|
1,977,516
|
$
|
(1,519
|
)
|
$
|
19,698,127
|
|||||||||||
Net Asset Value Per Share
|
||||||||||||||||||||||||
Class A Shares
|
$
|
9.25
|
$
|
8.67
|
$
|
9.20
|
$
|
9.33
|
—
|
$
|
9.25
|
|||||||||||||
Class A Shares — Maximum offering price per share (net asset value plus sales charge of 5.75% of offering price)
|
$
|
9.81
|
$
|
9.20
|
$
|
9.76
|
$
|
9.90
|
—
|
$
|
9.81
|
|||||||||||||
Class B Shares
|
$
|
9.09
|
$
|
8.51
|
$
|
9.08
|
$
|
9.20
|
—
|
$
|
9.09
|
|||||||||||||
Class C Shares
|
$
|
9.08
|
$
|
8.51
|
$
|
9.07
|
$
|
9.22
|
—
|
$
|
9.08
|
|||||||||||||
Class N Shares
|
$
|
9.20
|
$
|
8.65
|
$
|
9.17
|
$
|
9.32
|
—
|
$
|
9.20
|
|||||||||||||
Class Y Shares
|
$
|
9.35
|
$
|
8.74
|
$
|
9.27
|
$
|
9.36
|
—
|
$
|
9.35
|
(1)
|
Expenses in connection with the reorganization, including legal and accounting fees, the cost of a tax opinion (that the merger will not be taxable to shareholders) and shareholder communication costs.
|
|
(2)
|
Oppenheimer Transition 2030, 2040, and 2050 Funds Class A shares will be exchanged for Active Allocation Fund Class A shares.
|
|
Oppenheimer Transition 2030, 2040, and 2050 Funds Class B shares will be exchanged for Active Allocation Fund Class B shares.
|
||
Oppenheimer Transition 2030, 2040, and 2050 Funds Class C shares will be exchanged for Active Allocation Fund Class C shares.
|
||
Oppenheimer Transition 2030, 2040, and 2050 Funds Class N shares will be exchanged for Active Allocation Fund Class N shares.
|
||
Oppenheimer Transition 2030, 2040, and 2050 Funds Class Y shares will be exchanged for Active Allocation Fund Class Y shares.
|
Pro Forma
|
||||||||||||||||||||||||
Combined
|
||||||||||||||||||||||||
Active
|
Oppenheimer
|
Oppenheimer
|
Oppenheimer
|
ProForma
|
Active
|
|||||||||||||||||||
Allocation Fund
|
Transition 2030 Fund
|
Transition 2040 Fund
|
Transition 2050 Fund
|
Adjustments
|
Allocation Fund
|
|||||||||||||||||||
ALLOCATION OF INCOME AND EXPENSES FROM MASTER FUND(1)
|
||||||||||||||||||||||||
Net investment income allocated from Oppenheimer Master Event-Linked Bond Fund, LLC:
|
||||||||||||||||||||||||
Interest
|
$
|
1,141,537
|
$
|
—
|
$
|
—
|
$
|
—
|
$
|
—
|
$
|
1,141,537
|
||||||||||||
Dividends
|
1,142
|
—
|
—
|
—
|
—
|
1,142
|
Pro Forma
|
||||||||||||||||||||||||
Combined
|
||||||||||||||||||||||||
Active
|
Oppenheimer
|
Oppenheimer
|
Oppenheimer
|
ProForma
|
Active
|
|||||||||||||||||||
Allocation Fund
|
Transition 2030 Fund
|
Transition 2040 Fund
|
Transition 2050 Fund
|
Adjustments
|
Allocation Fund
|
|||||||||||||||||||
Expenses2
|
(56,974
|
)
|
—
|
—
|
—
|
—
|
(56,974
|
)
|
||||||||||||||||
Net investment income allocated from Oppenheimer Master Event-Linked Bond Fund, LLC
|
1,085,705
|
—
|
—
|
—
|
—
|
1,085,705
|
||||||||||||||||||
Net investment income allocated from Oppenheimer Master Inflation Protected Securities Fund, LLC:
|
||||||||||||||||||||||||
Interest
|
968,989
|
—
|
—
|
—
|
—
|
968,989
|
||||||||||||||||||
Expenses
|
(132,863
|
)
|
—
|
—
|
—
|
—
|
(132,863
|
)
|
||||||||||||||||
Net investment income allocated from Oppenheimer Master Inflation Protected Securities Fund, LLC
|
836,126
|
—
|
—
|
—
|
—
|
836,126
|
||||||||||||||||||
Net investment income allocated from Oppenheimer Master Loan Fund, LLC:
|
||||||||||||||||||||||||
Interest
|
630,102
|
—
|
—
|
—
|
—
|
630,102
|
||||||||||||||||||
Dividends
|
3,668
|
—
|
—
|
—
|
—
|
3,668
|
||||||||||||||||||
Expenses3
|
(24,250
|
)
|
—
|
—
|
—
|
—
|
(24,250
|
)
|
||||||||||||||||
Net investment income allocated from Oppenheimer Master Loan Fund, LLC
|
609,520
|
—
|
—
|
—
|
—
|
609,520
|
||||||||||||||||||
Total allocation of net investment income from master funds
|
2,531,351
|
—
|
—
|
—
|
—
|
2,531,351
|
||||||||||||||||||
INVESTMENT INCOME:
|
||||||||||||||||||||||||
Dividends from affiliated companies
|
42,290,427
|
2,643,551
|
1,229,699
|
563,053
|
—
|
46,726,730
|
||||||||||||||||||
Interest
|
14,746
|
136
|
101
|
181
|
—
|
15,164
|
||||||||||||||||||
Other income
|
46,099
|
4,120
|
1,810
|
1,305
|
—
|
53,334
|
||||||||||||||||||
Total investment income
|
42,351,272
|
2,647,807
|
1,231,610
|
564,539
|
—
|
46,795,228
|
||||||||||||||||||
EXPENSES:
|
||||||||||||||||||||||||
Distribution and service plan fees:
|
||||||||||||||||||||||||
Class A
|
2,849,862
|
160,256
|
71,398
|
29,087
|
—
|
3,110,603
|
||||||||||||||||||
Class B
|
3,153,004
|
104,810
|
34,707
|
16,863
|
—
|
3,309,384
|
||||||||||||||||||
Class C
|
4,630,192
|
287,465
|
143,598
|
76,198
|
—
|
5,137,453
|
||||||||||||||||||
Class N
|
684,064
|
170,653
|
106,524
|
55,290
|
—
|
1,016,531
|
||||||||||||||||||
Transfer and shareholder servicing agent fees:
|
||||||||||||||||||||||||
Class A
|
1,945,790
|
146,108
|
93,700
|
74,600
|
—
|
2,260,198
|
||||||||||||||||||
Class B
|
823,096
|
28,392
|
13,743
|
9,490
|
—
|
874,721
|
||||||||||||||||||
Class C
|
791,407
|
66,967
|
52,636
|
52,567
|
—
|
963,577
|
||||||||||||||||||
Class N
|
168,376
|
60,841
|
60,465
|
66,736
|
—
|
356,418
|
||||||||||||||||||
Class Y
|
9,963
|
190
|
863
|
443
|
—
|
11,459
|
||||||||||||||||||
Shareholder communications:
|
||||||||||||||||||||||||
Class A
|
180,946
|
24,551
|
18,824
|
13,816
|
—
|
238,137
|
||||||||||||||||||
Class B
|
79,064
|
7,156
|
4,222
|
3,431
|
—
|
93,873
|
||||||||||||||||||
Class C
|
69,091
|
8,869
|
7,581
|
8,529
|
—
|
94,070
|
||||||||||||||||||
Class N
|
7,833
|
3,101
|
2,919
|
3,355
|
—
|
17,208
|
||||||||||||||||||
Class Y
|
249
|
31
|
101
|
74
|
—
|
455
|
||||||||||||||||||
Asset allocation fees
|
2,075,533
|
—
|
—
|
—
|
2,075,533
|
|||||||||||||||||||
Trustees’ compensation
|
44,232
|
2,431
|
963
|
456
|
—
|
48,082
|
||||||||||||||||||
Custodian fees and expenses
|
33,410
|
1,198
|
759
|
242
|
—
|
35,609
|
||||||||||||||||||
Administration service fees
|
1,500
|
1,500
|
1,500
|
1,500
|
—
|
6,000
|
||||||||||||||||||
Legal, auditing and other professional fees
|
—
|
—
|
21,260
|
20,867
|
—
|
42,127
|
||||||||||||||||||
Merger fees
|
—
|
—
|
—
|
181,200
|
(4)
|
181,200
|
||||||||||||||||||
Other
|
81,694
|
36,833
|
13,051
|
10,472
|
—
|
142,050
|
||||||||||||||||||
Total Expenses
|
17,629,306
|
1,111,352
|
648,814
|
444,016
|
181,200
|
20,014,688
|
||||||||||||||||||
Less waivers and reimbursements of expenses
|
—
|
—
|
(5,721
|
)
|
(105,570
|
)
|
—
|
(111,292
|
)
|
|||||||||||||||
Net Expenses
|
17,629,306
|
1,111,352
|
643,093
|
338,446
|
181,200
|
19,903,397
|
Pro Forma
|
||||||||||||||||||||||||
Combined
|
||||||||||||||||||||||||
Active
|
Oppenheimer
|
Oppenheimer
|
Oppenheimer
|
ProForma
|
Active
|
|||||||||||||||||||
Allocation Fund
|
Transition 2030 Fund
|
Transition 2040 Fund
|
Transition 2050 Fund
|
Adjustments
|
Allocation Fund
|
|||||||||||||||||||
NET INVESTMENT INCOME
|
$
|
27,253,317
|
$
|
1,536,455
|
$
|
588,517
|
$
|
226,093
|
$
|
(181,200
|
)
|
$
|
29,423,182
|
|||||||||||
REALIZED AND UNREALIZED GAIN (LOSS):
|
||||||||||||||||||||||||
Net realized gain (loss) on:
|
||||||||||||||||||||||||
Investments from:
|
—
|
|||||||||||||||||||||||
Unaffiliated companies
|
(40,009
|
)
|
—
|
—
|
—
|
—
|
(40,009
|
)
|
||||||||||||||||
Affiliated companies
|
(17,489,743
|
)
|
(1,355,101
|
)
|
(711,021
|
)
|
(447,903
|
)
|
—
|
(20,003,768
|
)
|
|||||||||||||
Distributions received from affiliated companies
|
1,590,914
|
—
|
—
|
—
|
—
|
1,590,914
|
||||||||||||||||||
Closing and expiration of futures contracts
|
(10,068,022
|
)
|
—
|
—
|
—
|
—
|
(10,068,022
|
)
|
||||||||||||||||
Foreign currency transactions
|
(2,258,475
|
)
|
—
|
—
|
—
|
—
|
(2,258,475
|
)
|
||||||||||||||||
Swap contracts
|
(4,689,427
|
)
|
—
|
—
|
—
|
—
|
(4,689,427
|
)
|
||||||||||||||||
Increase from payment by affiliate
|
158,129
|
—
|
—
|
—
|
—
|
158,129
|
||||||||||||||||||
Net realized gain allocated from:
|
||||||||||||||||||||||||
Oppenheimer Master Event-Linked Bond Fund, LLC
|
560,178
|
—
|
—
|
—
|
—
|
560,178
|
||||||||||||||||||
Oppenheimer Master Inflation Protected Securities Fund, LLC
|
580,006
|
—
|
—
|
—
|
—
|
580,006
|
||||||||||||||||||
Oppenheimer Master Loan Fund, LLC
|
919,375
|
—
|
—
|
—
|
—
|
919,375
|
||||||||||||||||||
Total net realized loss
|
(30,737,074
|
)
|
(1,355,101
|
)
|
(711,021
|
)
|
(447,903
|
)
|
—
|
(33,251,099
|
)
|
|||||||||||||
Net change in unrealized appreciation/depreciation on:
|
||||||||||||||||||||||||
Investments
|
(46,081,107
|
)
|
(4,932,247
|
)
|
(2,833,363
|
)
|
(1,266,325
|
)
|
—
|
(55,113,042
|
)
|
|||||||||||||
Translation of assets and liabilities denominated in foreign currencies
|
(1,728,880
|
)
|
—
|
—
|
—
|
—
|
(1,728,880
|
)
|
||||||||||||||||
Futures contracts
|
(956,081
|
)
|
—
|
—
|
—
|
—
|
(956,081
|
)
|
||||||||||||||||
Swap contracts
|
842,912
|
—
|
—
|
—
|
—
|
842,912
|
||||||||||||||||||
Net change in unrealized appreciation/depreciation allocated from:
|
—
|
|||||||||||||||||||||||
Oppenheimer Master Event-Linked Bond Fund, LLC
|
(605,567
|
)
|
—
|
—
|
—
|
—
|
(605,567
|
)
|
||||||||||||||||
Oppenheimer Master Inflation Protected Securities Fund, LLC
|
2,512,244
|
—
|
—
|
—
|
—
|
2,512,244
|
||||||||||||||||||
Oppenheimer Master Loan Fund, LLC
|
(1,143,577
|
)
|
—
|
—
|
—
|
—
|
(1,143,577
|
)
|
||||||||||||||||
Total net change in unrealized appreciation/depreciation
|
(47,160,056
|
)
|
(4,932,247
|
)
|
(2,833,363
|
)
|
(1,266,325
|
)
|
—
|
(56,191,991
|
)
|
|||||||||||||
NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS
|
$
|
(50,643,813
|
)
|
$
|
(4,750,893
|
)
|
$
|
(2,955,867
|
)
|
$
|
(1,488,135
|
)
|
$
|
(181,200
|
)
|
$
|
(60,019,908
|
)
|
||||||
Level 2—
|
||||||||||||||||||||||||||||||||
Other
|
Level 3—
|
|||||||||||||||||||||||||||||||
Level 1—
|
Significant
|
Significant
|
||||||||||||||||||||||||||||||
Oppenheimer Active Allocation
|
Unadjusted
|
Observable
|
Unobservable
|
|||||||||||||||||||||||||||||
Fund
|
Quoted Prices
|
Inputs
|
Inputs
|
Value
|
||||||||||||||||||||||||||||
Assets Table
|
||||||||||||||||||||||||||||||||
Investments, at Value:
|
||||||||||||||||||||||||||||||||
Investment Companies
|
$
|
1,882,842,251
|
$
|
59,534,262
|
$
|
—
|
$
|
1,942,376,513
|
||||||||||||||||||||||||
U.S. Government Obligations
|
—
|
12,505,061
|
—
|
12,505,061
|
||||||||||||||||||||||||||||
Total Investments, at Value
|
1,882,842,251
|
72,039,323
|
—
|
1,954,881,574
|
||||||||||||||||||||||||||||
Level 2—
|
||||||||||||||||||||||||||||||||
Other
|
Level 3—
|
|||||||||||||||||||||||||||||||
Level 1—
|
Significant
|
Significant
|
||||||||||||||||||||||||||||||
Oppenheimer Active Allocation
|
Unadjusted
|
Observable
|
Unobservable
|
|||||||||||||||||||||||||||||
Fund
|
Quoted Prices
|
Inputs
|
Inputs
|
Value
|
||||||||||||||||||||||||||||
Other Financial Instruments:
|
||||||||||||||||||||||||||||||||
Appreciated swaps, at value
|
—
|
6,488,746
|
—
|
6,488,746
|
||||||||||||||||||||||||||||
Futures margins
|
37,382
|
—
|
—
|
37,382
|
||||||||||||||||||||||||||||
Foreign currency exchange contracts
|
—
|
582,687
|
—
|
582,687
|
||||||||||||||||||||||||||||
Total Assets
|
$
|
1,882,879,633
|
$
|
79,110,756
|
$
|
—
|
$
|
1,961,990,389
|
||||||||||||||||||||||||
Liabilities Table
|
||||||||||||||||||||||||||||||||
Other Financial Instruments:
|
||||||||||||||||||||||||||||||||
Appreciated swaps, at value
|
$
|
—
|
$
|
(411,328
|
)
|
$
|
—
|
$
|
(411,328
|
)
|
||||||||||||||||||||||
Depreciated swaps, at value
|
—
|
(4,883,095
|
)
|
—
|
(4,883,095
|
)
|
||||||||||||||||||||||||||
Futures margins
|
(240,555
|
)
|
—
|
—
|
(240,555
|
)
|
||||||||||||||||||||||||||
Foreign currency exchange contracts
|
—
|
(2,321,717
|
)
|
—
|
(2,321,717
|
)
|
||||||||||||||||||||||||||
Total Liabilities
|
$
|
(240,555
|
)
|
$
|
(7,616,140
|
)
|
$
|
—
|
$
|
(7,856,695
|
)
|
|||||||||||||||||||||
Level 2—
|
||||||||||||||||||||||||||||||||
Other
|
Level 3—
|
|||||||||||||||||||||||||||||||
Level 1—
|
Significant
|
Significant
|
||||||||||||||||||||||||||||||
Oppenheimer
|
Unadjusted
|
Observable
|
Unobservable
|
|||||||||||||||||||||||||||||
Transition 2030 Fund
|
Quoted Prices
|
Inputs
|
Inputs
|
Value
|
||||||||||||||||||||||||||||
Assets Table
|
||||||||||||||||||||||||||||||||
Investments, at Value:
|
||||||||||||||||||||||||||||||||
Investment Companies
|
$
|
146,529,930
|
$
|
—
|
$
|
—
|
$
|
146,529,930
|
||||||||||||||||||||||||
Total Assets
|
$
|
146,529,930
|
$
|
—
|
$
|
—
|
$
|
146,529,930
|
||||||||||||||||||||||||
Level 2—
|
||||||||||||||||||||||||||||||||
Other
|
Level 3—
|
|||||||||||||||||||||||||||||||
Level 1—
|
Significant
|
Significant
|
||||||||||||||||||||||||||||||
Oppenheimer
|
Unadjusted
|
Observable
|
Unobservable
|
|||||||||||||||||||||||||||||
Transition 2040 Fund
|
Quoted Prices
|
Inputs
|
Inputs
|
Value
|
||||||||||||||||||||||||||||
Assets Table
|
||||||||||||||||||||||||||||||||
Investments, at Value:
|
||||||||||||||||||||||||||||||||
Investment Companies
|
$
|
80,049,018
|
$
|
—
|
$
|
—
|
$
|
80,049,018
|
||||||||||||||||||||||||
Total Assets
|
$
|
80,049,018
|
$
|
—
|
$
|
—
|
$
|
80,049,018
|
||||||||||||||||||||||||
Level 2—
|
||||||||||||||||||||||||||||||||
Other
|
Level 3—
|
|||||||||||||||||||||||||||||||
Level 1—
|
Significant
|
Significant
|
||||||||||||||||||||||||||||||
Oppenheimer
|
Unadjusted
|
Observable
|
Unobservable
|
|||||||||||||||||||||||||||||
Transition 2050 Fund
|
Quoted Prices
|
Inputs
|
Inputs
|
Value
|
||||||||||||||||||||||||||||
Assets Table
|
||||||||||||||||||||||||||||||||
Investments, at Value:
|
||||||||||||||||||||||||||||||||
Investment Companies
|
$
|
38,207,963
|
$
|
—
|
$
|
—
|
$
|
38,207,963
|
||||||||||||||||||||||||
Total Assets
|
$
|
38,207,963
|
$
|
—
|
$
|
—
|
$
|
38,207,963
|
||||||||||||||||||||||||
Level 2—
|
||||||||||||||||
Other
|
Level 3—
|
|||||||||||||||
Level 1—
|
Significant
|
Significant
|
||||||||||||||
Unadjusted
|
Observable
|
Unobservable
|
||||||||||||||
Pro Forma Combined
|
Quoted Prices
|
Inputs
|
Inputs
|
Value
|
||||||||||||
Assets Table
|
||||||||||||||||
Investments, at Value:
|
||||||||||||||||
Investment Companies
|
$
|
2,147,629,162
|
$
|
59,534,262
|
$
|
—
|
$
|
2,207,163,424
|
||||||||
U.S. Government Obligations
|
—
|
12,505,061
|
—
|
12,505,061
|
||||||||||||
Total Investments, at Value
|
2,147,629,162
|
72,039,323
|
—
|
2,219,668,485
|
||||||||||||
Other Financial Instruments:
|
||||||||||||||||
Appreciated swaps, at value
|
—
|
6,488,746
|
—
|
6,488,746
|
||||||||||||
Futures margins
|
37,382
|
—
|
—
|
37,382
|
||||||||||||
Foreign currency exchange contracts
|
—
|
582,687
|
—
|
582,687
|
||||||||||||
Total Assets
|
$
|
2,147,666,544
|
$
|
79,110,756
|
$
|
—
|
$
|
2,226,777,300
|
||||||||
Liabilities Table
|
||||||||||||||||
Other Financial Instruments:
|
||||||||||||||||
Appreciated swaps, at value
|
$
|
—
|
$
|
(411,328
|
)
|
$
|
—
|
$
|
(411,328
|
)
|
||||||
Depreciated swaps, at value
|
—
|
(4,883,095
|
)
|
—
|
(4,883,095
|
)
|
||||||||||
Futures margins
|
(240,555
|
)
|
—
|
—
|
(240,555
|
)
|
||||||||||
Foreign currency exchange contracts
|
—
|
(2,321,717
|
)
|
—
|
(2,321,717
|
)
|
||||||||||
Total Liabilities
|
$
|
(240,555
|
)
|
$
|
(7,616,140
|
)
|
$
|
—
|
$
|
(7,856,695
|
)
|
|||||
Active
|
Shares issued to
|
Shares issued to
|
Shares issued to
|
|||||||||||||||||
Allocation
|
Transition 2030
|
Transition 2040
|
Transition 2050
|
Total Shares
|
||||||||||||||||
Fund Shares
|
Fund Shareholders
|
Fund Shareholders
|
Fund Shareholders
|
Outstanding Post-
|
||||||||||||||||
Class
|
Outstanding
|
in Reorganization
|
in Reorganization
|
in Reorganization
|
Reorganization
|
|||||||||||||||
A
|
118,646,913
|
7,699,791
|
3,665,355
|
1,562,287
|
131,574,346
|
|||||||||||||||
B
|
31,457,110
|
1,217,634
|
413,663
|
216,494
|
33,304,901
|
|||||||||||||||
C
|
47,644,840
|
3,343,440
|
1,862,597
|
966,479
|
53,817,356
|
|||||||||||||||
N
|
13,322,937
|
3,370,863
|
2,254,519
|
1,191,906
|
20,140,225
|
|||||||||||||||
Y
|
1,256,346
|
169,369
|
470,198
|
211,499
|
2,107,412
|
Asset Derivatives
|
Liability Derivatives
|
|||||||||||
Statement of
|
Statement of
|
|||||||||||
Derivatives Not
|
Assets and
|
Assets and
|
||||||||||
Accounted for as
|
Liabilities
|
Liabilities
|
||||||||||
Hedging Instruments
|
Location
|
Value
|
Location
|
Value
|
||||||||
Credit contracts
|
Appreciated swaps, at value
|
$
|
411,328
|
|||||||||
Equity contracts
|
Appreciated swaps, at value
|
$
|
4,704,940
|
|||||||||
Equity contracts
|
Depreciated swaps, at value
|
3,281,173
|
||||||||||
Interest rate contracts
|
Appreciated swaps, at value
|
1,783,806
|
||||||||||
Interest rate contracts
|
Depreciated swaps, at value
|
1,601,922
|
||||||||||
Equity contracts
|
Futures margins
|
25,585
|
*
|
Futures margins
|
20,580
|
*
|
||||||
Interest rate contracts
|
Futures margins
|
11,797
|
*
|
Futures margins
|
219,975
|
*
|
||||||
Foreign exchange contracts
|
Unrealized appreciation on foreign currency exchange contracts
|
582,687
|
Unrealized depreciation on foreign currency exchange contracts
|
2,321,717
|
||||||||
Total
|
$
|
7,108,815
|
$
|
7,856,695
|
||||||||
*
|
Includes only the current day’s variation margin. Prior variation margin movements have been reflected in cash on the Statement of Assets and Liabilities upon receipt or payment.
|
Derivatives Not
|
Closing and
|
|||||||||||||||
Accounted for as
|
expiration of
|
Foreign currency
|
||||||||||||||
Hedging Instruments
|
futures contracts
|
transactions
|
Swap contracts
|
Total
|
||||||||||||
Credit contracts
|
$
|
—
|
$
|
—
|
$
|
(7,221,799
|
)
|
$
|
(7,221,799
|
)
|
||||||
Equity contracts
|
(6,757,331
|
)
|
—
|
833,495
|
(5,923,836
|
)
|
||||||||||
Foreign exchange contracts
|
—
|
(2,103,791
|
)
|
—
|
(2,103,791
|
)
|
||||||||||
Interest rate contracts
|
(3,310,691
|
)
|
—
|
1,698,877
|
(1,611,814
|
)
|
||||||||||
Total
|
$
|
(10,068,022
|
)
|
$
|
(2,103,791
|
)
|
$
|
(4,689,427
|
)
|
$
|
(16,861,240
|
)
|
||||
Translation
|
||||||||||||||||
of assets
|
||||||||||||||||
and liabilities
|
||||||||||||||||
Derivatives Not
|
denominated
|
|||||||||||||||
Accounted for as
|
Futures
|
in foreign
|
Swap
|
|||||||||||||
Hedging Instruments
|
contracts
|
currencies
|
contracts
|
Total
|
||||||||||||
Credit contracts
|
$
|
—
|
$
|
—
|
$
|
300,533
|
$
|
300,533
|
||||||||
Equity contracts
|
(1,444,671
|
)
|
—
|
455,482
|
(989,189
|
)
|
||||||||||
Foreign exchange contracts
|
—
|
(1,728,880
|
)
|
—
|
(1,728,880
|
)
|
||||||||||
Interest rate contracts
|
488,590
|
—
|
86,897
|
575,487
|
||||||||||||
Total
|
$
|
(956,081
|
)
|
$
|
(1,728,880
|
)
|
$
|
842,912
|
$
|
(1,842,049
|
)
|
|||||
┌
|
PROXY TABULATOR
P.O. BOX 859232
BRAINTREE, MA 02185-9232
|
Vote this proxy card TODAY!
Your prompt response will save the expense
of additional mailings
|
┐
|
||
CALL:
|
To vote by phone call toll-free 1-800-825-0898 and follow the recorded instructions.
|
||||
LOG-ON:
|
Vote on the internet at www.kingproxy.com/oppenheimerfunds and follow the on-screen instructions.
|
||||
MAIL:
|
Return the signed proxy card in the enclosed envelope.
|
||||
OPPENHEIMER TRANSITION 2030 FUND
|
SPECIAL MEETING OF SHAREHOLDERS
SEPTEMBER 14, 2012
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
|
||||
The undersigned holder of shares of beneficial interest of the above-referenced Fund (the “Fund”) hereby appoint(s)_____________, ____________ and ______________, and each of them, with full power of substitution and revocation, as proxies to represent the undersigned at the Special Meeting of Shareholders of the Fund to be held at 6803 South Tucson Way, Centennial, Colorado 80112, on Friday, September 14, 2012 at 1:00 p.m., Mountain Time, and at any and all adjournment(s) or postponement(s) thereof (the "Meeting"). Receipt of the Notice of Special Meeting of Shareholders and the related Prospectus/Proxy Statement is hereby acknowledged.
|
|||||
PLEASE VOTE, SIGN, DATE, AND RETURN PROMPTLY IN
ENCLOSED ENVELOPE. Dated ______________
NO POSTAGE REQUIRED IF MAILED IN THE U.S.
|
|||||
|
|||||
Signature(s) (Title(s), if applicable) (Sign in the Box)
Note: Please sign this proxy as your name appears on the books of the Fund. Joint owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in which they sign, and where more than one name appears, a majority must sign. If a corporation, this signature should be that of an authorized officer who should state his or her title.
|
|||||
└
|
OPF01-150-Front 1.01
|
┘
|
┌
|
┐
|
||||||
WHEN THIS PROXY IS PROPERLY EXECUTED, THE SHARES REPRESENTED HEREBY WILL BE VOTED AS SPECIFIED. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL SET FORTH BELOW AND IN THE DISCRETION OF THE PROXIES WITH RESPECT TO ALL OTHER MATTERS WHICH MAY PROPERLY COME BEFORE THE SPECIAL MEETING AND ANY ADJOURNMENTS THEREOF.
|
|||||||
PLEASE MARK BOX BELOW IN BLUE OR BLACK INK AS FOLLOWS. Example: ■
|
|||||||
THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING:
|
FOR
|
AGAINST
|
ABSTAIN
|
||||
1
|
To approve an Agreement and Plan of Reorganization (the “Reorganization Agreement”) between their Target Fund and Oppenheimer Portfolio Series: Active Allocation Fund, a series of Oppenheimer Portfolio Series (the “Acquiring Fund”), and the transactions contemplated thereby, including: (a) the transfer of all of the assets of the Target Fund to the Acquiring Fund in exchange for Class A, Class B, Class C, Class N and Class Y shares of the Acquiring Fund, (b) the distribution of shares of the Acquiring Fund to the corresponding Class A, Class B, Class C, Class N and Class Y shareholders of the Target Fund in complete liquidation of the Target Fund; and (c) the cancellation of the outstanding shares of the Target Fund (the foregoing with respect to each Target Fund being referred to as the “Reorganization,” and with respect to all of the Target Funds, the “Reorganizations”); and |
o
|
o
|
o
|
|||
2
|
To act upon such other matters as may properly come before the Meeting.
|
||||||
└
|
PLEASE SIGN AND DATE ON REVERSE SIDE
|
┘
|
|||||
OPF01-150-Back 1.01
|
┌
|
PROXY TABULATOR
P.O. BOX 859232
BRAINTREE, MA 02185-9232
|
Vote this proxy card TODAY!
Your prompt response will save the expense
of additional mailings
|
┐
|
||
CALL:
|
To vote by phone call toll-free 1-800-825-0898 and follow the recorded instructions.
|
||||
LOG-ON:
|
Vote on the internet at www.kingproxy.com/oppenheimerfunds and follow the on-screen instructions.
|
||||
MAIL:
|
Return the signed proxy card in the enclosed envelope.
|
||||
OPPENHEIMER TRANSITION 2040 FUND
|
SPECIAL MEETING OF SHAREHOLDERS
SEPTEMBER 14, 2012
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
|
||||
The undersigned holder of shares of beneficial interest of the above-referenced Fund (the “Fund”) hereby appoint(s)_____________, ____________ and ______________, and each of them, with full power of substitution and revocation, as proxies to represent the undersigned at the Special Meeting of Shareholders of the Fund to be held at 6803 South Tucson Way, Centennial, Colorado 80112, on Friday, September 14, 2012 at 1:00 p.m., Mountain Time, and at any and all adjournment(s) or postponement(s) thereof (the "Meeting"). Receipt of the Notice of Special Meeting of Shareholders and the related Prospectus/Proxy Statement is hereby acknowledged.
|
|||||
PLEASE VOTE, SIGN, DATE, AND RETURN PROMPTLY IN
ENCLOSED ENVELOPE. Dated ______________
NO POSTAGE REQUIRED IF MAILED IN THE U.S.
|
|||||
|
|||||
Signature(s) (Title(s), if applicable) (Sign in the Box)
Note: Please sign this proxy as your name appears on the books of the Fund. Joint owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in which they sign, and where more than one name appears, a majority must sign. If a corporation, this signature should be that of an authorized officer who should state his or her title.
|
|||||
└
|
OPF01-160-Front 1.01
|
┘
|
┌
|
┐
|
||||||
WHEN THIS PROXY IS PROPERLY EXECUTED, THE SHARES REPRESENTED HEREBY WILL BE VOTED AS SPECIFIED. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL SET FORTH BELOW AND IN THE DISCRETION OF THE PROXIES WITH RESPECT TO ALL OTHER MATTERS WHICH MAY PROPERLY COME BEFORE THE SPECIAL MEETING AND ANY ADJOURNMENTS THEREOF.
|
|||||||
PLEASE MARK BOX BELOW IN BLUE OR BLACK INK AS FOLLOWS. Example: ■
|
|||||||
THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING:
|
FOR
|
AGAINST
|
ABSTAIN
|
||||
1
|
To approve an Agreement and Plan of Reorganization (the “Reorganization Agreement”) between their Target Fund and Oppenheimer Portfolio Series: Active Allocation Fund, a series of Oppenheimer Portfolio Series (the “Acquiring Fund”), and the transactions contemplated thereby, including: (a) the transfer of all of the assets of the Target Fund to the Acquiring Fund in exchange for Class A, Class B, Class C, Class N and Class Y shares of the Acquiring Fund, (b) the distribution of shares of the Acquiring Fund to the corresponding Class A, Class B, Class C, Class N and Class Y shareholders of the Target Fund in complete liquidation of the Target Fund; and (c) the cancellation of the outstanding shares of the Target Fund (the foregoing with respect to each Target Fund being referred to as the “Reorganization,” and with respect to all of the Target Funds, the “Reorganizations”); and |
o
|
o
|
o
|
|||
2
|
To act upon such other matters as may properly come before the Meeting.
|
||||||
└
|
PLEASE SIGN AND DATE ON REVERSE SIDE
|
┘
|
|||||
OPF01-160-Back 1.01
|
┌
|
PROXY TABULATOR
P.O. BOX 859232
BRAINTREE, MA 02185-9232
|
Vote this proxy card TODAY!
Your prompt response will save the expense
of additional mailings
|
┐
|
||
CALL:
|
To vote by phone call toll-free 1-800-825-0898 and follow the recorded instructions.
|
||||
LOG-ON:
|
Vote on the internet at www.kingproxy.com/oppenheimerfunds and follow the on-screen instructions.
|
||||
MAIL:
|
Return the signed proxy card in the enclosed envelope.
|
||||
OPPENHEIMER TRANSITION 2050 FUND
|
SPECIAL MEETING OF SHAREHOLDERS
SEPTEMBER 14, 2012
PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
|
||||
The undersigned holder of shares of beneficial interest of the above-referenced Fund (the “Fund”) hereby appoint(s)_____________, ____________ and ______________, and each of them, with full power of substitution and revocation, as proxies to represent the undersigned at the Special Meeting of Shareholders of the Fund to be held at 6803 South Tucson Way, Centennial, Colorado 80112, on Friday, September 14, 2012 at 1:00 p.m., Mountain Time, and at any and all adjournment(s) or postponement(s) thereof (the "Meeting"). Receipt of the Notice of Special Meeting of Shareholders and the related Prospectus/Proxy Statement is hereby acknowledged.
|
|||||
PLEASE VOTE, SIGN, DATE, AND RETURN PROMPTLY IN
ENCLOSED ENVELOPE. Dated ______________
NO POSTAGE REQUIRED IF MAILED IN THE U.S.
|
|||||
|
|||||
Signature(s) (Title(s), if applicable) (Sign in the Box)
Note: Please sign this proxy as your name appears on the books of the Fund. Joint owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in which they sign, and where more than one name appears, a majority must sign. If a corporation, this signature should be that of an authorized officer who should state his or her title.
|
|||||
└
|
OPF01-170-Front 1.01
|
┘
|
┌
|
┐
|
||||||
WHEN THIS PROXY IS PROPERLY EXECUTED, THE SHARES REPRESENTED HEREBY WILL BE VOTED AS SPECIFIED. IF NO SPECIFICATION IS MADE, THIS PROXY WILL BE VOTED FOR THE PROPOSAL SET FORTH BELOW AND IN THE DISCRETION OF THE PROXIES WITH RESPECT TO ALL OTHER MATTERS WHICH MAY PROPERLY COME BEFORE THE SPECIAL MEETING AND ANY ADJOURNMENTS THEREOF.
|
|||||||
PLEASE MARK BOX BELOW IN BLUE OR BLACK INK AS FOLLOWS. Example: ■
|
|||||||
THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING:
|
FOR
|
AGAINST
|
ABSTAIN
|
||||
1
|
To approve an Agreement and Plan of Reorganization (the “Reorganization Agreement”) between their Target Fund and Oppenheimer Portfolio Series: Active Allocation Fund, a series of Oppenheimer Portfolio Series ( the “Acquiring Fund”), and the transactions contemplated thereby, including: (a) the transfer of all of the assets of the Target Fund to the Acquiring Fund in exchange for Class A, Class B, Class C, Class N and Class Y shares of the Acquiring Fund, (b) the distribution of shares of the Acquiring Fund to the corresponding Class A, Class B, Class C, Class N and Class Y shareholders of the Target Fund in complete liquidation of the Target Fund; and (c) the cancellation of the outstanding shares of the Target Fund (the foregoing with respect to each Target Fund being referred to as the “Reorganization,” and with respect to all of the Target Funds, the “Reorganizations”); and |
o
|
o
|
o
|
|||
2
|
To act upon such other matters as may properly come before the Meeting.
|
||||||
└
|
PLEASE SIGN AND DATE ON REVERSE SIDE
|
┘
|
|||||
OPF01-170-Back 1.01
|
(8)
|
Amended & Restated Compensation Deferral Plan for Eligible Trustees, effective 1/1/08:
|
|
Previously filed with Registrant’s Post-Effective Amendment No. 4, (5/29/09), and incorporated
|
|
herein by reference.
|
OPPENHEIMER PORTFOLIO SERIES
|
|||
By:
|
William F. Glavin, Jr.*
|
||
William F. Glavin, Jr., President and
|
|||
Principal Executive Officer
|
Signatures
|
Title
|
Date
|
||
Brian F. Wruble *
|
Chairman of the
|
June 22, 2012
|
||
Brian F. Wruble
|
Board of Trustees
|
|||
William F. Glavin, Jr.*
|
President and Principal
|
June 22, 2012
|
||
William F. Glavin, Jr.
|
Executive Officer
|
|||
Brian W. Wixted*
|
Treasurer, Principal
|
June 22, 2012
|
||
Brian W. Wixted
|
Financial & Accounting Officer
|
|||
David K. Downes*
|
Trustee
|
June 22, 2012
|
||
David K. Downes
|
||||
Matthew P. Fink*
|
Trustee
|
June 22, 2012
|
||
Matthew P. Fink
|
||||
Phillip A. Griffiths*
|
Trustee
|
June 22, 2012
|
||
Phillip A. Griffiths
|
||||
Mary F. Miller*
|
Trustee
|
June 22, 2012
|
||
Mary F. Miller
|
||||
Joel W. Motley*
|
Trustee
|
June 22, 2012
|
||
Joel W. Motley
|
||||
Mary Ann Tynan,*
|
Trustee
|
June 22, 2012
|
||
Mary Ann Tynan
|
||||
Joseph M. Wikler*
|
Trustee
|
June 22, 2012
|
||
Joseph M. Wikler
|
||||
Peter I. Wold*
|
Trustee
|
June 22, 2012
|
||
Peter I. Wold
|
Exhibit No.
|
Description
|
|
(4)
|
Form of Agreement and Plan of Reorganization
|
|
(11)
|
Opinion and Consent of Counsel
|
|
(12)
|
Form of Tax Opinion
|
|
(14)
|
Independent Registered Public Accounting Firm's Consent
|
|
(16)
|
Power of Attorney
|
|
(17)
|
Proxy Cards
|
|
Re:
|
Agreement and Plan of Reorganization between Oppenheimer Transition 2030 Fund, Oppenheimer Transition 2040 Fund and Oppenheimer Transition 2050 Fund and Oppenheimer Portfolio Series: Active Allocation Fund
|
(i)
|
A copy of the Agreement;
|
(ii)
|
A copy of the Declaration of Trust for Portfolio Series dated as of November 30, 2004, filed with the Massachusetts Secretary of the Commonwealth (“Secretary of State”) on December 1, 2004, and Amendment No. 1 thereto dated as of January 2, 2007, filed with the Secretary of State on December 7, 2006 (said Declaration of Trust, as so amended, hereinafter referred to as the "Declaration of Trust");
|
(iii)
|
A copy of the By-Laws of Portfolio Series effective from and after December 8, 2004 (the "By-Laws");
|
(iv)
|
A copy of the minutes of a meeting of the Board of Trustees of Portfolio Series acting on behalf of Active Fund on May 15, 2012;
|
(v)
|
A copy of the Statement;
|
(vi)
|
A copy of an Officer’s Certificate dated June 21, 2012, attesting to the validity and effectiveness of items (i), (ii), (iii), (iv) and (v); and
|
(vii)
|
A certificate dated June 1, 2012 from the Secretary of State (the “Good Standing Certificate”) as to the good standing and qualification to do business of Portfolio Series.
|
|
A. Miriam Jaffe, Of Counsel
|
|
Attachment
|
[DATE]
|
|
(a)
|
there is no plan or intention by the Acquiring Fund or any person related to the Acquiring Fund (as defined in Treasury Regulations § 1.368-1(e)(4)), or any partnership in which the Acquiring Fund or any such related person is a partner, to acquire or redeem any of the Acquiring Fund shares issued in the Reorganization either directly or through any transaction, agreement, or arrangement with any other person, other than redemptions in the ordinary course of the Acquiring Fund’s business as an open-end investment company, pursuant to section 22(e) of the Investment Company Act of 1940;
|
|
(b)
|
the fair market value of the Acquiring Fund shares received by each shareholder of the Target Fund will be approximately equal to the fair market value of the Target Fund shares exchanged therefor;
|
|
(c)
|
each of the Target Fund and the Acquiring Fund has elected to be taxed as, and for all of its taxable years has qualified as, a regulated investment company, as defined in section 851 of the Internal Revenue Code of 1986, as amended (the “Code”); and
|
|
(d)
|
the Acquiring Fund will acquire at least 90 percent of the fair market value of the net assets and at least 70 percent of the fair market value of the gross assets held by the Target Fund immediately prior to the Reorganization, taking into account the assets specified in the Certified Representations.
|
|
(a)
|
the transfer by the Target Fund of all of its assets to the Acquiring Fund solely in exchange for Acquiring Fund voting shares and the assumption by the Acquiring Fund of all Target Fund liabilities, the distribution of the Acquiring Fund shares received by the Target Fund pro rata to its shareholders in exchange for their Target Fund shares, and the subsequent liquidation of the Target Fund, all pursuant to the Agreement, will constitute a “reorganization” within the meaning of section 368 of the Code;
|
|
(b)
|
the Target Fund and the Acquiring Fund will each be “a party to a reorganization” within the meaning of section 368(b) of the Code;
|
|
(c)
|
under section 354 of the Code, the Target Fund shareholders will not recognize any gain or loss on the exchange of their Target Fund shares for Acquiring Fund shares in the Reorganization;
|
|
(d)
|
under sections 361 and 357 of the Code, the Target Fund will not recognize any gain or loss by reason of the transfer of all of its assets in exchange for Acquiring Fund shares and the assumption of all of its liabilities by the Acquiring Fund in the Reorganization, or upon the distribution to its shareholders of Acquiring Fund shares in the Reorganization;
|
|
(e)
|
under section 1032 of the Code, the Acquiring Fund will not recognize any gain or loss on the receipt of all of the assets of the Target Fund in exchange for Acquiring Fund shares and the assumption of all Target Fund liabilities in the Reorganization;
|
|
(f)
|
under section 358 of the Code, the aggregate tax basis of the Acquiring Fund shares received by each shareholder of the Target Fund in the Reorganization will be the same as the aggregate tax basis of the Target Fund shares exchanged therefor by such shareholder;
|
|
(g)
|
under section 1223 of the Code, the holding period of each shareholder of the Target Fund in the Acquiring Fund shares received in the Reorganization will include the period during which such shareholder held the Target Fund shares exchanged therefor, if such Target Fund shares were held as capital assets at the time of the Reorganization;
|
|
(h)
|
under section 362(b) of the Code, the Acquiring Fund’s adjusted tax bases in the assets received from the Target Fund in the Reorganization will be the same as the adjusted tax bases of such assets in the hands of the Target Fund immediately prior to the Reorganization; and
|
|
(i)
|
under section 1223 of the Code, the Acquiring Fund’s holding periods in the assets received from the Target Fund in the Reorganization will include the holding periods of such assets in the hands of the Target Fund immediately prior to the Reorganization.
|
Very truly yours,
|
||
Kramer Levin Naftalis & Frankel LLP
|
/s/ KPMG LLP
|
|||
KPMG LLP
|
/s/ KPMG LLP
|
||
KPMG LLP
|
/s/ David K. Downes
|
/s/ Joel W. Motley
|
/s/ Brian Wixted
|
|||
David K. Downes
|
Joel W. Motley
|
Brian Wixted
|
|||
/s/ Matthew P. Fink
|
/s/ Mary Ann Tynan
|
||||
Matthew P. Fink
|
Mary Ann Tynan
|
||||
/s/ William F. Glavin, Jr.
|
/s/ Joseph M. Wikler
|
||||
William F. Glavin, Jr.
|
Joseph M. Wikler
|
||||
/s/ Phillip A. Griffiths
|
/s/ Peter I. Wold
|
||||
Phillip A. Griffiths
|
Peter I. Wold
|
||||
/s/ Mary F. Miller
|
/s/ Brian F. Wruble
|
||||
Mary F. Miller
|
Brian F. Wruble
|
HUY=\/_\`D#:C_P!A:\_]'-0!UE%%%`!1110`4444`%%%
M%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`"8XQ_">JD9
M!_`\?CUJ![.%^S1MZIROY'D#\35BB@#-FLY8E+C$D8ZLG;ZCJ/QJO6UWR"01
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June 22, 2012
VIA EDGAR
Securities and Exchange CommissionMail Stop 0-7, Filer Support6432 General Green WayAlexandria, Virginia 22312
Re: Registration Statement on Form N-14 for Oppenheimer Portfolio Series, on behalf of Active Allocation Fund; Proxy Materials for Oppenheimer Transition 2030 Fund, Transition 2040 Fund and Transition 2050 Fund
To the Securities and Exchange Commission:
Enclosed for filing with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "1933 Act"), is the Registration Statement on Form N-14 (the "Registration Statement") of Oppenheimer Portfolio Series: Active Allocation Fund (the "Registrant"), a series of Oppenheimer Portfolio Series, an open-end investment company. The Registration Statement will register shares of the Registrant to be issued in the reorganization (“merger”) of that open-end investment company with Oppenheimer Transition 2030 Fund, Oppenheimer Transition 2040 Fund and Oppenheimer Transition 2050 Fund (“Oppenheimer Transition Funds”), also an open-end investment company. The Registrant and Transition Funds have the same investment adviser (OppenheimerFunds, Inc.).
As stated on the facing sheet of the Registration Statement, it is expected that the Registration Statement will become effective on July 23, 2012. The mailing of the Combined Prospectus and Proxy Statement to shareholders is expected to commence on or around July 27, 2012.
In accordance with the general instructions to Form N-14, the Proxy Statement which forms a part of the Registration Statement is deemed to be filed pursuant to the Securities Exchange Act of 1934, as amended. No filing fee is due because the Registrant previously filed a declaration to register an indefinite number of shares pursuant to Rule 24f-2 under the Investment Company Act of 1940, as amended.
The Securities and Exchange Commission Staff is requested to address any comments or questions you may have on this filing to:
Edward GizziVice President & Assistant CounselOppenheimerFunds, Inc.Two World Financial Center225 Liberty Street, 16th FloorNew York, New York 10281-1008212-323-4091egizzi@oppenheimerfunds.com
Thank you for your assistance.
Very truly yours,
/s/ Emily Ast--------------------------------Emily AstAssistant Vice President and Assistant CounselTel.: 212.323.5086Fax: 212.323.4070east@oppenheimerfunds.com
cc: Kramer Levin Naftalis & Frankel LLP KPMG LLP Gloria LaFond Taylor V. Edwards