-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QBNeGRR8drBTw1lhm+gjAooLTGQayNx5cmguBsck2hdlwkS8cQog5BI6peSxGRyB fjJrJxPWc8AsMpWiSmxppQ== 0000935069-05-002798.txt : 20050929 0000935069-05-002798.hdr.sgml : 20050929 20050928183622 ACCESSION NUMBER: 0000935069-05-002798 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050731 FILED AS OF DATE: 20050929 DATE AS OF CHANGE: 20050928 EFFECTIVENESS DATE: 20050929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER SERIES FUND INC CENTRAL INDEX KEY: 0000356865 IRS NUMBER: 061207374 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-03346 FILM NUMBER: 051109490 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: CONNECTICUT MUTUAL INVESTMENT ACCOUNTS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CONNECTICUT MUTUAL LIQUID ACCOUNT INC DATE OF NAME CHANGE: 19851106 N-Q 1 rq205_18546nq.txt RQ205_18546NQ.TXT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-3346 OPPENHEIMER SERIES FUND, INC. (Exact name of registrant as specified in charter) 6803 SOUTH TUCSON WAY, CENTENNIAL, COLORADO 80112-3924 (Address of principal executive offices) (Zip code) ROBERT G. ZACK, ESQ. OPPENHEIMERFUNDS, INC. TWO WORLD FINANCIAL CENTER, NEW YORK, NEW YORK 10281-1008 (Name and address of agent for service) Registrant's telephone number, including area code: (303) 768-3200 Date of fiscal year end: OCTOBER 31 Date of reporting period: MAY 1, 2005 THROUGH JULY 31, 2005 ITEM 1. SCHEDULE OF INVESTMENTS. Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - -------------------------------------------------------------------------------- Shares Value - -------------------------------------------------------------------------------- COMMON STOCKS--54.9% - -------------------------------------------------------------------------------- CONSUMER DISCRETIONARY--7.5% - -------------------------------------------------------------------------------- HOUSEHOLD DURABLES--0.4% WCI Communities, Inc. 1 16,600 $ 563,736 - -------------------------------------------------------------------------------- INTERNET & CATALOG RETAIL--1.0% IAC/InterActiveCorp 1 49,000 1,308,300 - -------------------------------------------------------------------------------- MEDIA--6.1% Discovery Holding Co., Cl. A 1 35,590 507,869 - -------------------------------------------------------------------------------- Liberty Global, Inc., Series A 1 94,631 4,489,295 - -------------------------------------------------------------------------------- Liberty Media Corp., Cl. A 1 355,900 3,128,361 ------------- 8,125,525 CONSUMER STAPLES--3.6% - -------------------------------------------------------------------------------- BEVERAGES--0.7% Constellation Brands, Inc., Cl. A 1 34,400 942,560 - -------------------------------------------------------------------------------- FOOD & STAPLES RETAILING--0.7% Wal-Mart Stores, Inc. 18,600 917,910 - -------------------------------------------------------------------------------- TOBACCO--2.2% Altria Group, Inc. 44,600 2,986,416 ENERGY--4.3% - -------------------------------------------------------------------------------- ENERGY EQUIPMENT & SERVICES--0.8% Halliburton Co. 20,400 1,143,420 - -------------------------------------------------------------------------------- OIL & GAS--3.5% BP plc, ADR 39,800 2,622,024 - -------------------------------------------------------------------------------- Kinder Morgan, Inc. 7,700 684,222 - -------------------------------------------------------------------------------- LUKOIL, Sponsored ADR 32,700 1,347,031 ------------- 4,653,277 FINANCIALS--9.8% - -------------------------------------------------------------------------------- COMMERCIAL BANKS--1.6% Bank of America Corp. 15,302 667,167 - -------------------------------------------------------------------------------- Wachovia Corp. 13,988 704,715 - -------------------------------------------------------------------------------- Wells Fargo & Co. 12,800 785,152 ------------- 2,157,034 - -------------------------------------------------------------------------------- DIVERSIFIED FINANCIAL SERVICES--4.5% Alliance Capital Management Holding LP 11,700 532,701 - -------------------------------------------------------------------------------- Capital One Financial Corp. 15,000 1,237,500 - -------------------------------------------------------------------------------- Citigroup, Inc. 45,277 1,969,550 - -------------------------------------------------------------------------------- JPMorgan Chase & Co. 19,500 685,230 - -------------------------------------------------------------------------------- Lehman Brothers Holdings, Inc. 11,000 1,156,430 - -------------------------------------------------------------------------------- Morgan Stanley 7,400 392,570 ------------- 5,973,981 - -------------------------------------------------------------------------------- INSURANCE--2.8% American International Group, Inc. 6,700 403,340 - -------------------------------------------------------------------------------- Aspen Insurance Holdings Ltd. 14,500 411,945 - -------------------------------------------------------------------------------- Assured Guaranty Ltd. 16,000 381,600 - -------------------------------------------------------------------------------- Everest Re Group Ltd. 7,900 769,460 - -------------------------------------------------------------------------------- Genworth Financial, Inc., Cl. A 48,500 1,520,960 - -------------------------------------------------------------------------------- Phoenix Cos., Inc. (The) 27,100 341,460 ------------- 3,828,765 1 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - -------------------------------------------------------------------------------- Shares Value - -------------------------------------------------------------------------------- FINANCIALS CONTINUED - -------------------------------------------------------------------------------- THRIFTS & MORTGAGE FINANCE--0.9% Countrywide Financial Corp. 18,300 $ 658,800 - -------------------------------------------------------------------------------- Freddie Mac 8,100 512,568 ------------- 1,171,368 HEALTH CARE--7.2% - -------------------------------------------------------------------------------- BIOTECHNOLOGY--1.4% MedImmune, Inc. 1 27,200 772,752 - -------------------------------------------------------------------------------- Wyeth 24,000 1,098,000 ------------- 1,870,752 - -------------------------------------------------------------------------------- HEALTH CARE EQUIPMENT & SUPPLIES--0.8% Boston Scientific Corp. 1 22,600 654,270 - -------------------------------------------------------------------------------- Cooper Cos., Inc. (The) 5,700 391,590 ------------- 1,045,860 - -------------------------------------------------------------------------------- HEALTH CARE PROVIDERS & SERVICES--0.8% Manor Care, Inc. 10,600 402,376 - -------------------------------------------------------------------------------- Tenet Healthcare Corp. 1 59,000 716,260 ------------- 1,118,636 - -------------------------------------------------------------------------------- PHARMACEUTICALS--4.2% GlaxoSmithKline plc, ADR 18,900 896,616 - -------------------------------------------------------------------------------- Pfizer, Inc. 45,900 1,216,350 - -------------------------------------------------------------------------------- Sanofi-Aventis SA, ADR 30,300 1,311,990 - -------------------------------------------------------------------------------- Schering-Plough Corp. 2 44,800 932,736 - -------------------------------------------------------------------------------- Watson Pharmaceuticals, Inc. 1 38,000 1,269,200 ------------- 5,626,892 INDUSTRIALS--8.5% - -------------------------------------------------------------------------------- AEROSPACE & DEFENSE--4.9% Honeywell International, Inc. 58,300 2,290,024 - -------------------------------------------------------------------------------- Orbital Sciences Corp. 1 131,300 1,512,576 - -------------------------------------------------------------------------------- Raytheon Co. 69,200 2,721,636 ------------- 6,524,236 - -------------------------------------------------------------------------------- COMMERCIAL SERVICES & SUPPLIES--2.3% Cendant Corp. 139,400 2,977,584 - -------------------------------------------------------------------------------- Corinthian Colleges, Inc. 1 12,800 175,744 ------------- 3,153,328 - -------------------------------------------------------------------------------- ELECTRICAL EQUIPMENT--0.2% GrafTech International Ltd. 1 41,100 213,309 - -------------------------------------------------------------------------------- INDUSTRIAL CONGLOMERATES--1.1% Tyco International Ltd. 49,600 1,511,312 INFORMATION TECHNOLOGY--10.0% - -------------------------------------------------------------------------------- COMMUNICATIONS EQUIPMENT--0.0% Geotek Communications, Inc., Series B, Escrow Shares 1,3,4 100 -- - -------------------------------------------------------------------------------- COMPUTERS & PERIPHERALS--0.8% Hewlett-Packard Co. 43,100 1,061,122 - -------------------------------------------------------------------------------- ELECTRONIC EQUIPMENT & INSTRUMENTS--0.5% Flextronics International Ltd. 1 44,700 605,238 2 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - -------------------------------------------------------------------------------- Shares Value - -------------------------------------------------------------------------------- INFORMATION TECHNOLOGY CONTINUED - -------------------------------------------------------------------------------- INTERNET SOFTWARE & SERVICES--0.2% Net2Phone, Inc. 1 118,500 $ 216,855 - -------------------------------------------------------------------------------- IT SERVICES--0.2% CSG Systems International, Inc. 1 13,700 255,505 - -------------------------------------------------------------------------------- SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT--2.4% ATI Technologies, Inc. 1 30,100 378,959 - -------------------------------------------------------------------------------- Freescale Semiconductor, Inc., Cl. A 1 62,500 1,595,000 - -------------------------------------------------------------------------------- Intel Corp. 19,300 523,802 - -------------------------------------------------------------------------------- MEMC Electronic Materials, Inc. 1 44,100 749,259 ------------- 3,247,020 - -------------------------------------------------------------------------------- SOFTWARE--5.9% Compuware Corp. 1 60,800 512,544 - -------------------------------------------------------------------------------- Microsoft Corp. 63,300 1,621,113 - -------------------------------------------------------------------------------- Novell, Inc. 1 146,000 887,680 - -------------------------------------------------------------------------------- Oracle Corp. 1 47,100 639,618 - -------------------------------------------------------------------------------- Synopsys, Inc. 1 37,200 688,572 - -------------------------------------------------------------------------------- Take-Two Interactive Software, Inc. 1 144,950 3,567,220 ------------- 7,916,747 MATERIALS--0.7% - -------------------------------------------------------------------------------- CHEMICALS--0.5% Praxair, Inc. 14,300 706,277 - -------------------------------------------------------------------------------- PAPER & FOREST PRODUCTS--0.2% Bowater, Inc. 8,100 273,861 TELECOMMUNICATION SERVICES--1.4% - -------------------------------------------------------------------------------- DIVERSIFIED TELECOMMUNICATION SERVICES--1.4% IDT Corp., Cl. B 1 141,400 1,836,786 UTILITIES--1.9% - -------------------------------------------------------------------------------- ELECTRIC UTILITIES--1.9% AES Corp. (The) 1 115,200 1,848,960 - -------------------------------------------------------------------------------- Reliant Energy, Inc. 1 55,200 731,952 ------------- 2,580,912 ------------- Total Common Stocks (Cost $60,724,474) 73,536,940 3 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - --------------------------------------------------------------------------------
Principal Amount - ------------------------------------------------------------------------------------- ASSET-BACKED SECURITIES--6.1% - ------------------------------------------------------------------------------------- Aesop Funding II LLC, Automobile Asset-Backed Certificates, Series 2005-1A, Cl. A2, 3.49%, 4/20/08 3,5 $ 80,000 79,911 - ------------------------------------------------------------------------------------- BMW Vehicle Owner Trust, Automobile Loan Certificates: Series 2004-A, Cl. A2, 1.88%, 10/25/06 42,747 42,691 Series 2005-A, Cl. A2, 3.65%, 12/26/07 290,000 289,511 - ------------------------------------------------------------------------------------- Capital Auto Receivables Asset Trust, Automobile Mtg.-Backed Nts.: Series 2004-2, Cl. A3, 3.58%, 1/15/09 270,000 265,581 Series 2005-1, Cl. A2B, 3.73%, 7/16/07 130,000 129,915 - ------------------------------------------------------------------------------------- Centex Home Equity Co. LLC, Home Equity Loan Asset-Backed Certificates: Series 2004-D, Cl. AF1, 2.98%, 4/25/20 3 71,121 70,696 Principal Amount Value - ------------------------------------------------------------------------------------- Series 2005-B, Cl. AF1, 4.02%, 3/26/35 3 $ 74,849 $ 74,560 Series 2005-C, Cl. AF1, 4.196%, 6/25/35 3 184,666 184,520 - ------------------------------------------------------------------------------------- Chase Funding Mortgage Loan Asset-Backed Certificates, Home Equity Mtg. Obligations: Series 2003-1, Cl. 1A3, 3.14%, 7/25/23 3 5,111 5,101 Series 2003-5, Cl. 1A2, 2.451%, 11/25/18 39,419 39,278 Series 2004-1, Cl. 1A2, 2.427%, 6/25/19 110,000 109,563 - ------------------------------------------------------------------------------------- Chase Manhattan Auto Owner Trust, Automobile Loan Pass-Through Certificates: Series 2002-A, Cl. A4, 4.24%, 9/15/08 30,651 30,704 Series 2005-A, Cl. A2, 3.72%, 12/15/07 230,000 229,285 - ------------------------------------------------------------------------------------- CIT Equipment Collateral, Equipment Receivable-Backed Nts., Series 2004-DFS, Cl. A2, 2.66%, 11/20/06 3 190,000 189,073 - ------------------------------------------------------------------------------------- Citibank Credit Card Issuance Trust, Credit Card Receivable Nts.: Series 2001-A6, Cl. A6, 5.65%, 6/16/08 250,000 253,204 Series 2003-C4, Cl. C4, 5%, 6/10/15 40,000 39,762 - ------------------------------------------------------------------------------------- Countrywide Asset-Backed Certificates, Inc., Home Equity Asset-Backed Certificates: Series 2002-4, Cl. A1, 3.83%, 2/25/33 5 16,049 16,272 Series 2005-7, Cl. AF1B, 4.317%, 11/25/35 196,358 196,082 - ------------------------------------------------------------------------------------- DaimlerChrysler Auto Trust, Automobile Loan Pass-Through Certificates: Series 2001-D, Cl. A4, 3.78%, 2/6/07 32,751 32,772 Series 2002-A, Cl. A4, 4.49%, 10/6/08 68,574 68,708 Series 2004-B, Cl. A2, 2.48%, 2/8/07 3 51,604 51,505 Series 2004-C, Cl. A2, 2.62%, 6/8/07 296,776 295,665 Series 2005-A, Cl. A2, 3.17%, 9/8/07 3 320,000 319,076 Series 2005-B, Cl. A2, 3.75%, 12/8/07 230,000 229,683 - ------------------------------------------------------------------------------------- Equity One ABS, Inc., Home Equity Mtg. Pass-Through Certificates, Series 2004-3, Cl. AF2, 3.80%, 7/25/34 50,000 49,779 - ------------------------------------------------------------------------------------- Ford Credit Auto Owner Trust, Automobile Loan Pass-Through Certificates: Series 2004-A, Cl. A2, 2.13%, 10/15/06 144,086 143,708 Series 2005-A, Cl. A3, 3.48%, 11/17/08 190,000 188,141 Series 2005-B, Cl. A2, 3.77%, 9/15/07 210,000 209,851 - ------------------------------------------------------------------------------------- Harley-Davidson Motorcycle Trust, Motorcycle Receivable Nts., Series 2003-3, Cl. A1, 1.50%, 1/15/08 55,106 54,986 - ------------------------------------------------------------------------------------- Honda Auto Receivables Owner Trust, Automobile Receivable Obligations: Series 2005-1, Cl. A2, 3.21%, 5/21/07 3 130,000 129,611 Series 2005-3, Cl. A2, 3.73%, 10/18/07 210,000 209,279 - ------------------------------------------------------------------------------------- Litigation Settlement Monetized Fee Trust, Asset-Backed Certificates, Series 2001-1A, Cl. A1, 8.33%, 4/25/31 3 622,016 640,677 - ------------------------------------------------------------------------------------- M&I Auto Loan Trust, Automobile Loan Certificates, Series 2002-1, Cl. A3, 2.49%, 10/22/07 8,904 8,903 - ------------------------------------------------------------------------------------- MBNA Credit Card Master Note Trust, Credit Card Receivables, Series 2003-C7, Cl. C7, 4.731%, 3/15/16 5 360,000 383,156 - ------------------------------------------------------------------------------------- National City Auto Receivables Trust, Automobile Receivable Obligations, Series 2004-A, Cl. A2, 1.50%, 2/15/07 27,079 27,054 - ------------------------------------------------------------------------------------- Nissan Auto Lease Trust, Automobile Lease Obligations, Series 2004-A, Cl. A2, 2.55%, 1/15/07 139,131 138,696 - ------------------------------------------------------------------------------------- Nissan Auto Receivables Owner Trust, Automobile Receivable Nts., Series 2004-A, Cl. A2, 1.40%, 7/17/06 32,943 32,902
4 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - --------------------------------------------------------------------------------
Principal Amount Value - ------------------------------------------------------------------------------------- Onyx Acceptance Owner Trust, Automobile Receivable Obligations: Series 2002-B, Cl. A4, 4.71%, 3/15/09 $ 152,052 $ 152,359 Series 2005-B, Cl. A2, 4.03%, 4/15/08 170,000 169,748 - ------------------------------------------------------------------------------------- Option One Mortgage Loan Trust, Home Equity Mtg. Obligations, Series 2004-3, Cl. A2, 3.61%, 11/25/34 3,5 14,156 14,165 - ------------------------------------------------------------------------------------- Popular ABS Mortgage Pass-Through Trust, Home Equity Pass-Through Certificates: Series 2004-5, Cl. A F2, 3.735%, 11/10/34 3 70,000 69,091 Series 2005-1, Cl. A F2, 3.914%, 5/25/35 60,000 59,243 Series 2005-2, Cl. A F2, 4.415%, 4/25/35 3 90,000 89,515 - ------------------------------------------------------------------------------------- Residential Asset Mortgage Products, Inc., Home Equity Asset-Backed Pass-Through Certificates, Series 2004-RS7, Cl. AI3, 4.45%, 7/25/28 170,000 169,414 - ------------------------------------------------------------------------------------- Structured Asset Securities Corp., Collateralized Mtg. Obligations, Pass-Through Certificates, Series 2005-4XS, Cl. 3A1, 5.18%, 3/26/35 419,945 421,424 - ------------------------------------------------------------------------------------- Toyota Auto Receivables Owner Trust, Automobile Mtg.-Backed Obligations, Series 2002-B, Cl. A4, 4.39%, 5/15/09 304,656 305,078 - ------------------------------------------------------------------------------------- USAA Auto Owner Trust, Automobile Loan Asset-Backed Nts.: Series 2004-1, Cl. A2, 1.43%, 9/15/06 10,848 10,844 Series 2004-2, Cl. A2, 2.41%, 2/15/07 113,741 113,464 Series 2004-3, Cl. A2, 2.79%, 6/15/07 174,223 173,730 - ------------------------------------------------------------------------------------- Volkswagen Auto Lease Trust, Automobile Lease Asset-Backed Securities: Series 2004-A, Cl. A2, 2.47%, 1/22/07 182,167 181,579 Series 2005-A, Cl. A2, 3.52%, 4/20/07 230,000 229,408 - ------------------------------------------------------------------------------------- Wachovia Auto Owner Trust, Automobile Receivable Nts., Series 2004-B, Cl. A2, 2.40%, 5/21/07 107,785 107,424 - ------------------------------------------------------------------------------------- Wells Fargo Home Equity Trust, Collateralized Mtg. Obligations, Series 2004-2, Cl. AI1B, 2.94%, 9/25/18 207,111 205,373 - ------------------------------------------------------------------------------------- WFS Financial Owner Trust, Automobile Receivable Obligations, Series 2002-2, Cl. A4, 4.50%, 2/20/10 70,811 71,019 - ------------------------------------------------------------------------------------- Whole Auto Loan Trust, Automobile Loan Receivable Certificates: Series 2002-1, Cl. A3, 2.60%, 8/15/06 39,885 39,874 Series 2004-1, Cl. A2A, 2.59%, 5/15/07 186,820 185,949 ------------- Total Asset-Backed Securities (Cost $8,236,022) 8,228,562 - ------------------------------------------------------------------------------------- MORTGAGE-BACKED OBLIGATIONS--29.2% - ------------------------------------------------------------------------------------- GOVERNMENT AGENCY--24.2% - ------------------------------------------------------------------------------------- FHLMC/FNMA/SPONSORED--23.9% Federal Home Loan Mortgage Corp.: 6%, 7/1/24 338,818 347,950 6.50%, 4/1/18-4/1/34 346,746 359,792 7%, 6/1/29-11/1/32 929,967 976,901 8%, 4/1/16 94,087 100,483 9%, 8/1/22-5/1/25 26,815 29,206 - ------------------------------------------------------------------------------------- Federal Home Loan Mortgage Corp., Gtd. Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates: Series 1669, Cl. G, 6.50%, 2/15/23 21,843 21,880 Series 2034, Cl. Z, 6.50%, 2/15/28 75,729 78,566 Series 2053, Cl. Z, 6.50%, 4/15/28 89,288 92,356 Series 2055, Cl. ZM, 6.50%, 5/15/28 121,235 125,192 Series 2075, Cl. D, 6.50%, 8/15/28 242,893 251,208 Series 2080, Cl. Z, 6.50%, 8/15/28 75,526 77,807
5 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - --------------------------------------------------------------------------------
Principal Amount Value - ------------------------------------------------------------------------------------- FHLMC/FNMA/SPONSORED CONTINUED Series 2387, Cl. PD, 6%, 4/15/30 $ 126,381 $ 127,494 Series 2456, Cl. BD, 6%, 3/15/30 69,124 69,488 Series 2498, Cl. PC, 5.50%, 10/15/14 10,795 10,821 Series 2500, Cl. FD, 3.888%, 3/15/32 5 41,462 41,614 Series 2526, Cl. FE, 3.788%, 6/15/29 5 51,738 52,028 Series 2550, Cl. QK, 4.50%, 4/15/22 10,202 10,194 Series 2551, Cl. FD, 3.788%, 1/15/33 5 40,894 41,214 Series 2583, Cl. KA, 5.50%, 3/15/22 287,191 288,711 - ------------------------------------------------------------------------------------- Federal Home Loan Mortgage Corp., Interest-Only Stripped Mtg.-Backed Security: Series 176, Cl. IO, 7.936%, 6/1/26 6 73,796 14,918 Series 183, Cl. IO, 5.22%, 4/1/27 6 115,570 23,309 Series 184, Cl. IO, 10.19%, 12/1/26 6 122,325 23,809 Series 192, Cl. IO, 8.504%, 2/1/28 6 35,576 6,780 Series 200, Cl. IO, 7.308%, 1/1/29 6 42,547 8,305 Series 2130, Cl. SC, 10.231%, 3/15/29 6 96,490 8,181 Series 2796, Cl. SD, 16.357%, 7/15/26 6 126,760 11,012 Series 2920, Cl. S, 16.418%, 1/15/35 6 821,884 46,774 Series 3000, Cl. SE, 0%, 7/15/25 6 760,000 36,100 - ------------------------------------------------------------------------------------- Federal Home Loan Mortgage Corp., Principal-Only Stripped Mtg.-Backed Security, Series 176, Cl. PO, 5.518%, 6/1/26 7 41,204 35,335 - ------------------------------------------------------------------------------------- Federal National Mortgage Assn.: 4.50%, 8/1/20 8 1,561,000 1,535,634 5%, 6/1/18-7/1/18 714,235 716,651 5%, 8/1/20-8/11/35 8 4,338,000 4,285,355 5.50%, 2/1/33-11/1/34 2,951,438 2,969,413 5.50%, 8/1/20-8/1/35 8 2,554,000 2,577,287 6%, 7/1/16-11/1/17 397,887 411,290 6%, 8/1/16-8/1/35 8 6,005,361 6,149,250 6.50%, 3/1/26-10/1/30 98,377 102,173 6.50%, 8/1/35 8 5,500,000 5,690,784 7%, 11/1/17-2/25/22 461,060 476,800 7.50%, 1/1/08-8/1/29 112,716 119,570 8.50%, 7/1/32 9,168 9,983 - ------------------------------------------------------------------------------------- Federal National Mortgage Assn. Grantor Trust, Commercial Mtg. Obligations, Trust 2002-T1, Cl. A2, 7%, 11/25/31 268,102 280,556 - ------------------------------------------------------------------------------------- Federal National Mortgage Assn., Collateralized Mtg. Obligations, Gtd. Real Estate Mtg. Investment Conduit Pass-Through Certificates: Trust 1993-87, Cl. Z, 6.50%, 6/25/23 204,786 212,683 Trust 1996-35, Cl. Z, 7%, 7/25/26 308,770 317,282 Trust 1998-63, Cl. PG, 6%, 3/25/27 26,269 26,275 Trust 2001-50, Cl. NE, 6%, 8/25/30 67,514 68,005 Trust 2001-51, Cl. OD, 6.50%, 10/25/31 295,308 306,344 Trust 2001-70, Cl. LR, 6%, 9/25/30 68,708 69,539 Trust 2001-72, Cl. NH, 6%, 4/25/30 50,204 50,549 Trust 2001-74, Cl. PD, 6%, 5/25/30 19,679 19,799 Trust 2002-77, Cl. WF, 3.809%, 12/18/32 5 63,323 63,732 Trust 2002-94, Cl. MA, 4.50%, 8/25/09 44,422 44,370 Trust 2003-10, Cl. HP, 5%, 2/25/18 350,000 350,011 Trust 2004-101, Cl. BG, 5%, 1/25/20 236,000 236,660
6 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - --------------------------------------------------------------------------------
Principal Amount Value - ------------------------------------------------------------------------------------- FHLMC/FNMA/SPONSORED CONTINUED - ------------------------------------------------------------------------------------- Trust 2005-71, Cl. DB, 4.50%, 8/25/25 $ 160,000 $ 153,613 - ------------------------------------------------------------------------------------- Federal National Mortgage Assn., Collateralized Mtg. Obligations, Gtd. Real Estate Mtg. Investment Conduit Pass-Through Certificates, Interest-Only Stripped Mtg.-Backed Security: Trust 1993-223, Cl. P M, 3.084%, 10/25/23 6 70,090 6,873 Trust 2002-38, Cl. SO, 6.914%, 4/25/32 6 97,750 7,722 Trust 2002-47, Cl. NS, 5.199%, 4/25/32 6 156,237 15,812 Trust 2002-51, Cl. S, 5.418%, 8/25/32 6 143,532 14,489 Trust 2002-77, Cl. IS, 6.487%, 12/18/32 6 166,537 19,276 - ------------------------------------------------------------------------------------- Federal National Mortgage Assn., Interest-Only Stripped Mtg.-Backed Security: Trust 222, Cl. 2, 6.02%, 6/1/23 6 248,134 48,067 Trust 240, Cl. 2, 8.99%, 9/1/23 6 383,828 76,426 Trust 247, Cl. 2, 5.453%, 10/1/23 6 427,571 85,356 Trust 252, Cl. 2, (2.685)%, 11/1/23 6 186,614 38,073 Trust 254, Cl. 2, 0.752%, 1/1/24 6 92,228 18,844 Trust 273, Cl. 2, 8.477%, 7/1/26 6 54,375 10,773 Trust 319, Cl. 2, 2.817%, 2/1/32 6 79,937 16,743 Trust 321, Cl. 2, (2.46)%, 3/1/32 6 777,541 164,492 Trust 329, Cl. 2, 3.601%, 1/1/33 6 121,585 25,356 Trust 331, Cl. 9, (5.141)%, 2/1/33 6 218,174 43,369 Trust 333, Cl. 2, 2.23%, 3/1/33 6 874,654 185,367 Trust 334, Cl. 17, (1.067)%, 2/1/33 6 128,801 24,980 Trust 350, Cl. 2, 6.92%, 2/1/34 6 825,482 172,494 Trust 2001-65, Cl. S, 24.093%, 11/25/31 6 351,088 32,715 Trust 2001-81, Cl. S, 8.469%, 1/25/32 6 79,782 7,771 Trust 2002-9, Cl. MS, 6.487%, 3/25/32 6 112,346 11,946 Trust 2002-52, Cl. SD, 1.17%, 9/25/32 6 177,354 20,084 Trust 2002-77, Cl. SH, 12.039%, 12/18/32 6 102,762 10,737 Trust 2002-96, Cl. SK, 25.526%, 4/25/32 6 927,411 86,691 Trust 2003-4, Cl. S, 20.998%, 2/25/33 6 195,374 19,576 Trust 2004-54, Cl. DS, 10.873%, 11/25/30 6 148,192 10,755 Trust 2005-6, Cl. SE, 17.042%, 2/25/35 6 562,165 32,945 Trust 2005-19, Cl. SA, 15.17%, 3/25/35 6 2,231,648 136,272 Trust 2005-40, Cl. SA, 18.471%, 5/25/35 6 493,740 30,222 Trust 2005-71, Cl. SA, 27.923%, 8/25/25 6 480,000 29,143 - ------------------------------------------------------------------------------------- Federal National Mortgage Assn., Principal-Only Stripped Mtg.-Backed Security, Trust 1993-184, Cl. M, 7.439%, 9/25/23 7 79,927 68,374 ------------- 32,032,779 - ------------------------------------------------------------------------------------- GNMA/GUARANTEED--0.3% Government National Mortgage Assn.: 7%, 4/15/09-2/15/24 131,663 138,401 7.50%, 3/15/09 77,861 81,305 8%, 5/15/17 51,752 55,768 8.50%, 8/15/17-12/15/17 34,351 37,349
7 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - --------------------------------------------------------------------------------
Principal Amount Value - ------------------------------------------------------------------------------------- GNMA/GUARANTEED CONTINUED - ------------------------------------------------------------------------------------- Government National Mortgage Assn., Interest-Only Stripped Mtg.-Backed Security: Series 2001-21, Cl. SB, 4.219%, 1/16/27 6 $ 236,019 $ 20,620 Series 2002-76, Cl. SY, 4.931%, 12/16/26 6 318,000 28,857 Series 2004-11, Cl. SM, (0.51)%, 1/17/30 6 120,049 9,439 ------------- 371,739 NON-AGENCY--5.0% - ------------------------------------------------------------------------------------- COMMERCIAL--4.7% Banc of America Commercial Mortgage, Inc., Commercial Mtg. Pass-Through Certificates: Series 2004-6, Cl. A3, 4.512%, 12/10/42 210,000 206,663 Series 2005-2, Cl. A4, 4.783%, 7/10/43 280,000 278,629 Series 2005-3, Cl. A2, 4.501%, 7/10/43 230,000 227,397 - ------------------------------------------------------------------------------------- Bank of America Mortgage Securities, Inc., Collateralized Mtg. Obligations Pass-Through Certificates: Series 2004-E, Cl. 2A9, 3.712%, 6/25/34 88,872 88,849 Series 2004-2, Cl. 2A1, 6.50%, 7/20/32 243,441 245,653 Series 2004-8, Cl. 5A1, 6.50%, 5/25/32 201,581 206,558 Series 2005-E, Cl. 2A2, 4.995%, 6/25/35 5 72,574 72,543 - ------------------------------------------------------------------------------------- Bear Stearns Commercial Mortgage Securities, Inc., Commercial Mtg. Obligations, Series 2005-PWR7, Cl. A2, 4.945%, 2/11/41 100,000 100,731 - ------------------------------------------------------------------------------------- Countrywide Alternative Loan Trust, Collateralized Mtg. Obligations, Series 2004-J9, Cl. 1A1, 3.64%, 10/25/34 5 137,981 138,111 - ------------------------------------------------------------------------------------- First Union National Bank/Lehman Brothers/Bank of America Commercial Mtg. Trust, Pass-Through Certificates, Series 1998-C2, Cl. A2, 6.56%, 11/18/35 137,652 143,576 - ------------------------------------------------------------------------------------- GE Capital Commercial Mortgage Corp., Commercial Mtg. Obligations, Series 2005-CA, Cl. A3, 4.578%, 6/10/48 90,000 88,977 - ------------------------------------------------------------------------------------- GMAC Commercial Mortgage Securities, Inc., Commercial Mtg. Pass-Through Certificates: Series 1997-C1, Cl. A3, 6.869%, 7/15/29 83,990 87,071 Series 2004-C3, Cl. A4, 4.547%, 12/10/41 140,000 137,928 - ------------------------------------------------------------------------------------- Greenwich Capital Commercial Funding Corp., Commercial Mtg. Pass-Through Certificates, Series 2005-GG3, Cl. A2, 4.305%, 8/10/42 190,000 187,206 - ------------------------------------------------------------------------------------- GS Mortgage Securities Corp. II, Commercial Mtg. Pass-Through Certificates, Series 2004-C1, Cl. A1, 3.659%, 10/10/28 148,013 144,364 - ------------------------------------------------------------------------------------- GSR Mortgage Loan Trust, Collateralized Mtg. Obligations, Series 2004-12, Cl. 3A1, 4.494%, 12/25/34 3,5 191,976 191,435 - ------------------------------------------------------------------------------------- JPMorgan Chase Commercial Mortgage Securities Corp., Commercial Mtg. Pass-Through Certificates, Series 2005-LDP2, Cl. A2, 4.575%, 7/15/42 60,000 59,608 - ------------------------------------------------------------------------------------- Lehman XS Trust, Mortgage-Backed Obligations, Series 2005-2, Cl. 2A1B, 5.18%, 7/30/35 340,000 341,594 - ------------------------------------------------------------------------------------- Mastr Alternative Loan Trust, Pass-Through Collateralized Mtg. Obligations, Series 2004-6, Cl. 10A1, 6%, 7/25/34 332,344 336,926 - ------------------------------------------------------------------------------------- Mastr Asset Securitization Trust, Pass-Through Collateralized Mtg. Obligations, Series 2004-9, Cl. A3, 4.70%, 8/25/34 5 543,496 542,662 - ------------------------------------------------------------------------------------- Mastr Seasoned Securities Trust, Collateralized Mtg. Obligations, Series 2004-2, Cl. A1, 6.50%, 8/25/32 486,300 495,418 - ------------------------------------------------------------------------------------- Nomura Asset Securities Corp., Commercial Mtg. 160,000 168,086 Pass-Through Certificates, Series 1998-D6, Cl. A1B, 6.59%, 3/15/30
8 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - --------------------------------------------------------------------------------
Principal Amount Value - ------------------------------------------------------------------------------------- COMMERCIAL CONTINUED - ------------------------------------------------------------------------------------- Prudential Mortgage Capital Co. II LLC, Commercial Mtg. Pass-Through Certificates, Series PRU-HTG 2000-C1, Cl. A2, 7.306%, 10/6/15 $ 192,000 $ 214,758 - ------------------------------------------------------------------------------------- Residential Accredit Loans, Inc., Mtg. Asset-Backed Pass-Through Certificates, Series 2003-QS1, Cl. A2, 5.75%, 1/25/33 182,558 183,782 - ------------------------------------------------------------------------------------- Wachovia Bank Commercial Mortgage Trust, Commercial Mtg. Obligations: Series 2005-C16, Cl. A2, 4.38%, 10/15/41 270,000 266,790 Series 2005-C17, Cl. A2, 4.782%, 3/15/42 300,000 300,787 - ------------------------------------------------------------------------------------- Washington Mutual Mortgage Securities Corp., Collateralized Mtg. Pass-Through Certificates, Series 2005-AR5, Cl. A1, 4.688%, 5/25/35 5 258,841 259,309 - ------------------------------------------------------------------------------------- Wells Fargo Mortgage-Backed Securities Trust, Collateralized Mtg. Obligations: Series 2004-DD, Cl. 2 A1, 4.535%, 1/25/35 5 306,810 306,449 Series 2004-N, Cl. A10, 3.803%, 8/25/34 3 149,458 149,570 Series 2004-W, Cl. A2, 4.605%, 11/25/34 5 76,266 76,102 ------------- 6,247,532 - ------------------------------------------------------------------------------------- RESIDENTIAL--0.3% Countrywide Alternative Loan Trust, Collateralized Mtg. Obligations, Series 2005-J1, Cl. 3A1, 6.50%, 8/25/32 441,723 451,110 ------------- Total Mortgage-Backed Obligations (Cost $39,216,855) 39,103,160 - ------------------------------------------------------------------------------------- U.S. GOVERNMENT OBLIGATIONS--5.5% - ------------------------------------------------------------------------------------- Federal Home Loan Mortgage Corp. Unsec. Nts.: 3.625%, 9/15/06 1,065,000 1,059,289 4.125%, 7/12/10 250,000 247,037 6.625%, 9/15/09 240,000 260,466 - ------------------------------------------------------------------------------------- Federal National Mortgage Assn. Unsec. Nts.: 3.75%, 5/17/07 460,000 456,413 4.25%, 7/15/07 550,000 551,089 6%, 5/15/11 600,000 646,371 7.25%, 1/15/10 9 750,000 836,307 7.25%, 5/15/30 170,000 228,914 - ------------------------------------------------------------------------------------- Tennessee Valley Authority Bonds: 4.65%, 6/15/35 280,000 270,384 5.375%, 11/13/08 109,000 112,593 Series A, 6.79%, 5/23/12 950,000 1,075,582 - ------------------------------------------------------------------------------------- U.S. Treasury Bonds: STRIPS, 2.99%, 2/15/10 10 125,000 104,016 STRIPS, 4.96%, 2/15/16 10 171,000 107,425 - ------------------------------------------------------------------------------------- U.S. Treasury Nts.: 3.625%, 6/15/10 287,000 280,767 3.75%, 3/31/07 600,000 597,751 3.875%, 7/15/10 267,000 264,101 4%, 2/15/15 125,000 122,173 4.125%, 5/15/15 120,000 118,519 ------------- Total U.S. Government Obligations (Cost $7,397,265) 7,339,197 - ------------------------------------------------------------------------------------- FOREIGN GOVERNMENT OBLIGATIONS--0.1% - ------------------------------------------------------------------------------------- United Mexican States Nts., 7.50%, 1/14/12 (Cost $110,861) 110,000 123,145
9 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - --------------------------------------------------------------------------------
Principal Amount Value - ------------------------------------------------------------------------------------- NON-CONVERTIBLE CORPORATE BONDS AND NOTES--13.5% - ------------------------------------------------------------------------------------- Aetna, Inc., 7.375% Sr. Unsec. Nts., 3/1/06 $ 250,000 $ 254,402 - ------------------------------------------------------------------------------------- Albertson's, Inc.: 8% Sr. Unsec. Debs., 5/1/31 135,000 163,534 8.70% Sr. Unsec. Debs., 5/1/30 64,000 82,102 - ------------------------------------------------------------------------------------- Allied Waste North America, Inc., 8.875% Sr. Nts., Series B, 4/1/08 110,000 116,600 - ------------------------------------------------------------------------------------- Allstate Financial Global Funding LLC, 4.25% Nts., 9/10/08 11 50,000 49,661 - ------------------------------------------------------------------------------------- Allstate Life Global Funding II, 3.50% Nts., 7/30/07 65,000 63,877 - ------------------------------------------------------------------------------------- AOL Time Warner, Inc., 7.70% Debs., 5/1/32 145,000 181,743 - ------------------------------------------------------------------------------------- AT&T Wireless Services, Inc., 8.125% Sr. Unsec. Nts., 5/1/12 180,000 212,876 - ------------------------------------------------------------------------------------- Bank of America Corp., 4.875% Sr. Unsec. Nts., 1/15/13 3,000 3,013 - ------------------------------------------------------------------------------------- Bankers Trust Corp., 7.375% Unsec. Sub. Nts., 5/1/08 20,000 21,430 - ------------------------------------------------------------------------------------- Barclays Bank plc, 6.278% Perpetual Bond 12 240,000 242,782 - ------------------------------------------------------------------------------------- Beazer Homes USA, Inc., 6.875% Sr. Nts., 7/15/15 11 130,000 131,950 - ------------------------------------------------------------------------------------- Boeing Capital Corp., 5.75% Sr. Nts., 2/15/07 21,000 21,430 - ------------------------------------------------------------------------------------- British Telecommunications plc, 8.875% Bonds, 12/15/30 115,000 161,876 - ------------------------------------------------------------------------------------- Canadian National Railway Co., 4.25% Nts., 8/1/09 32,000 31,537 - ------------------------------------------------------------------------------------- CenterPoint Energy, Inc., 7.25% Sr. Nts., Series B, 9/1/10 145,000 158,913 - ------------------------------------------------------------------------------------- Chancellor Media CCU, 8% Sr. Unsec. Nts., 11/1/08 240,000 257,546 - ------------------------------------------------------------------------------------- CIGNA Corp.: 7% Sr. Unsec. Nts., 1/15/11 85,000 93,525 7.40% Unsec. Nts., 5/15/07 180,000 188,524 - ------------------------------------------------------------------------------------- CIT Group, Inc., 7.75% Sr. Unsec. Unsub. Nts., 4/2/12 100,000 115,313 - ------------------------------------------------------------------------------------- Citigroup, Inc., 6.625% Unsec. Sub. Nts., 6/15/32 230,000 265,896 - ------------------------------------------------------------------------------------- Citizens Communications Co., 9.25% Sr. Nts., 5/15/11 60,000 67,350 - ------------------------------------------------------------------------------------- ConAgra Foods, Inc., 6% Nts., 9/15/06 130,000 131,632 - ------------------------------------------------------------------------------------- Constellation Energy Group, Inc., 7% Unsec. Nts., 4/1/12 205,000 227,368 - ------------------------------------------------------------------------------------- Countrywide Financial Corp., 4.50% Nts., Series A, 6/15/10 135,000 132,979 - ------------------------------------------------------------------------------------- Cox Communications, Inc., 7.875% Unsec. Nts., 8/15/09 30,000 33,074 - ------------------------------------------------------------------------------------- Cox Enterprises, Inc., 7.375% Unsec. Debs., 6/15/09 11 130,000 140,401 - ------------------------------------------------------------------------------------- Credit Suisse First Boston, Inc. (USA), 5.50% Nts., 8/15/13 250,000 260,224 - ------------------------------------------------------------------------------------- CSX Corp., 6.25% Unsec. Nts., 10/15/08 120,000 125,516 - ------------------------------------------------------------------------------------- D.R. Horton, Inc., 6.125% Nts., 1/15/14 115,000 119,092 - ------------------------------------------------------------------------------------- DaimlerChrysler NA Holdings Corp.: 7.20% Unsec. Nts., 9/1/09 135,000 145,337 8% Nts., 6/15/10 96,000 107,178 - ------------------------------------------------------------------------------------- Delhaize America, Inc., 9% Unsub. Debs., 4/15/31 100,000 125,251 - ------------------------------------------------------------------------------------- Deutsche Telekom International Finance BV, 8.50% Unsub. Nts., 6/15/10 155,000 177,062 - ------------------------------------------------------------------------------------- Dominion Resources, Inc., 8.125% Sr. Unsub. Nts., 6/15/10 190,000 215,957 - ------------------------------------------------------------------------------------- DTE Energy Co., 6.45% Sr. Unsub. Nts., 6/1/06 120,000 122,003 - ------------------------------------------------------------------------------------- EOP Operating LP, 8.10% Unsec. Nts., 8/1/10 205,000 232,342 - ------------------------------------------------------------------------------------- Federated Department Stores, Inc., 6.625% Sr. Unsec. Nts., 9/1/08 160,000 169,183 - ------------------------------------------------------------------------------------- FedEx Corp., 2.65% Unsec. Nts., 4/1/07 275,000 267,083 - ------------------------------------------------------------------------------------- FirstEnergy Corp.: 5.50% Sr. Unsub. Nts., Series A, 11/15/06 105,000 106,372 7.375% Sr. Unsub. Nts., Series C, 11/15/31 120,000 144,782 - ------------------------------------------------------------------------------------- Ford Motor Credit Co.: 6.25% Unsec. Nts., 12/8/05 110,000 110,533 6.50% Unsec. Nts., 1/25/07 125,000 126,352 7.375% Nts., 10/28/09 55,000 54,927 7.60% Nts., 8/1/05 85,000 85,000
10 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - --------------------------------------------------------------------------------
Principal Amount Value - ------------------------------------------------------------------------------------- France Telecom SA: 8% Sr. Unsec. Nts., 3/1/11 5 $ 120,000 $ 137,582 8.75% Sr. Unsec. Nts., 3/1/31 5 45,000 62,165 - ------------------------------------------------------------------------------------- Franklin Resources, Inc., 3.70% Nts., 4/15/08 80,000 78,095 - ------------------------------------------------------------------------------------- Gap, Inc. (The): 6.90% Nts., 9/15/07 3 135,000 140,874 9.55% Unsub. Nts., 12/15/08 5 29,000 33,092 - ------------------------------------------------------------------------------------- General Mills, Inc., 3.875% Nts., 11/30/07 190,000 187,198 - ------------------------------------------------------------------------------------- General Motors Acceptance Corp., 6.125% Nts., 9/15/06 520,000 523,567 - ------------------------------------------------------------------------------------- Goldman Sachs Group, Inc. (The), 5.70% Sr. Unsec. Nts., 9/1/12 240,000 250,818 - ------------------------------------------------------------------------------------- HCA, Inc., 7.125% Sr. Unsec. Nts., 6/1/06 82,000 83,918 - ------------------------------------------------------------------------------------- Hertz Corp. (The), 6.35% Nts., 6/15/10 275,000 260,612 - ------------------------------------------------------------------------------------- Hilton Hotels Corp., 8.25% Sr. Unsec. Nts., 2/15/11 114,000 130,143 - ------------------------------------------------------------------------------------- HSBC Finance Corp., 4.75% Sr. Unsec. Nts., 7/15/13 265,000 260,161 - ------------------------------------------------------------------------------------- IPALCO Enterprises, Inc., 8.375% Sr. Sec. Nts., 11/14/08(3,5) 110,000 119,625 - ------------------------------------------------------------------------------------- iStar Financial, Inc., 4.875% Sr. Unsec. Nts., Series B, 1/15/09 175,000 173,418 - ------------------------------------------------------------------------------------- J.C. Penney Co., Inc. (Holding Co.), 7.40% Nts., 4/1/37 155,000 169,591 - ------------------------------------------------------------------------------------- John Hancock Global Funding II, 7.90% Nts., 7/2/10 11 111,000 126,884 - ------------------------------------------------------------------------------------- JPMorgan Capital XV, 5.875% Nts., 3/15/35 180,000 180,641 - ------------------------------------------------------------------------------------- K. Hovnanian Enterprises, Inc., 6.50% Sr. Nts., 1/15/14 130,000 133,250 - ------------------------------------------------------------------------------------- Kinder Morgan, Inc., 6.50% Sr. Unsec. Nts., 9/1/12 150,000 163,208 - ------------------------------------------------------------------------------------- Kraft Foods, Inc., 5.25% Nts., 6/1/07 300,000 304,226 - ------------------------------------------------------------------------------------- Kroger Co. (The), 7.80% Sr. Nts., 8/15/07 180,000 190,682 - ------------------------------------------------------------------------------------- Lear Corp., 8.11% Sr. Unsec. Nts., Series B, 5/15/09 210,000 217,800 - ------------------------------------------------------------------------------------- Lehman Brothers Holdings, Inc., 7% Nts., 2/1/08 165,000 174,549 - ------------------------------------------------------------------------------------- Lehman Brothers, Inc., 6.625% Sr. Sub. Nts., 2/15/08 25,000 26,246 - ------------------------------------------------------------------------------------- Lennar Corp., 5.95% Sr. Unsec. Nts., 3/1/13 125,000 130,018 - ------------------------------------------------------------------------------------- Liberty Media Corp., 5.70% Sr. Unsec. Nts., 5/15/13 140,000 129,765 - ------------------------------------------------------------------------------------- Liberty Property Trust, 5.65% Sr. Nts., 8/15/14 130,000 133,251 - ------------------------------------------------------------------------------------- Lockheed Martin Corp.: 7.65% Unsec. Unsub. Debs., 5/1/16 94,000 114,565 8.50% Bonds, 12/1/29 30,000 42,377 - ------------------------------------------------------------------------------------- Marsh & McLennan Cos., Inc., 5.875% Sr. Unsec. Bonds, 8/1/33 170,000 157,304 - ------------------------------------------------------------------------------------- May Department Stores Co.: 3.95% Nts., 7/15/07 96,000 94,895 7.90% Unsec. Debs., 10/15/07 105,000 111,267 - ------------------------------------------------------------------------------------- MBNA Corp., 7.50% Sr. Nts., Series F, 3/15/12 200,000 229,220 - ------------------------------------------------------------------------------------- Mellon Bank NA, 4.75% Unsec. Sub. Nts., 12/15/14 210,000 208,205 - ------------------------------------------------------------------------------------- Merrill Lynch & Co., Inc., 5% Sr. Unsub. Nts., Series C, 2/3/14 255,000 255,438 - ------------------------------------------------------------------------------------- MetLife, Inc., 5% Nts., 6/15/15 90,000 90,031 - ------------------------------------------------------------------------------------- MidAmerican Energy Holdings Co., 5.875% Sr. Unsec. Nts., 10/1/12 220,000 229,314 - ------------------------------------------------------------------------------------- Morgan Stanley, 6.60% Nts., 4/1/12 125,000 136,518 - ------------------------------------------------------------------------------------- National City Bank, 6.20% Sub. Nts., 12/15/11 17,000 18,343 - ------------------------------------------------------------------------------------- Nationwide Financial Services, Inc., 5.90% Nts., 7/1/12 95,000 100,698 - ------------------------------------------------------------------------------------- NiSource Finance Corp., 7.875% Sr. Unsec. Nts., 11/15/10 190,000 214,882 - ------------------------------------------------------------------------------------- Northrop Grumman Corp., 7.125% Sr. Nts., 2/15/11 160,000 178,161 - ------------------------------------------------------------------------------------- Pemex Project Funding Master Trust, 7.875% Unsec. Unsub. Nts., 2/1/09 80,000 87,000 - ------------------------------------------------------------------------------------- Petroleum Export Ltd. Cayman SPV, 4.623% Sr. Nts., Cl. A1, 6/15/10 3 400,000 399,760 - ------------------------------------------------------------------------------------- PF Export Receivables Master Trust, 3.748% Sr. Nts., Series B, 6/1/13 11 68,063 64,574 - ------------------------------------------------------------------------------------- Portland General Electric Co., 8.125% First Mortgage Nts., 2/1/10 11 95,000 106,798 - -------------------------------------------------------------------------------------
11 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - --------------------------------------------------------------------------------
Principal Amount Value - ------------------------------------------------------------------------------------- Prudential Holdings LLC, 8.695% Bonds, Series C, 12/18/23 11 $ 295,000 $ 379,135 - -------------------------------------------------------------------------------------- Prudential Insurance Co. of America, 8.30% Nts., 7/1/25 260,000 340,999 - -------------------------------------------------------------------------------------- PSE&G Energy Holdings LLC, 7.75% Unsec. Nts., 4/16/07 3 115,000 119,888 - -------------------------------------------------------------------------------------- PSE&G Power LLC, 6.875% Sr. Unsec. Nts., 4/15/06 130,000 132,232 - -------------------------------------------------------------------------------------- Safeway, Inc., 7.50% Sr. Unsec. Nts., 9/15/09 175,000 190,074 - -------------------------------------------------------------------------------------- Sempra Energy, 7.95% Sr. Unsec. Unsub. Nts., 3/1/10 127,000 142,534 - -------------------------------------------------------------------------------------- Simon Property Group LP: 5.45% Unsec. Nts., 3/15/13 115,000 116,963 5.625% Unsec. Unsub. Nts., 8/15/14 85,000 87,212 - -------------------------------------------------------------------------------------- Sprint Capital Corp., 8.75% Nts., 3/15/32 160,000 220,855 - -------------------------------------------------------------------------------------- Starwood Hotels & Resorts Worldwide, Inc., 7.375% Nts., 5/1/07 190,000 198,550 - -------------------------------------------------------------------------------------- SunTrust Banks, Inc.: 4% Nts., 10/15/08 135,000 132,796 7.75% Unsec. Sub. Nts., 5/1/10 11,000 12,412 - -------------------------------------------------------------------------------------- TCI Communications, Inc., 9.80% Sr. Unsec. Debs., 2/1/12 245,000 306,126 - -------------------------------------------------------------------------------------- Telefonos de Mexico SA de CV, 4.75% Nts., 1/27/10 11 165,000 163,600 - -------------------------------------------------------------------------------------- Time Warner Entertainment Co. LP, 10.15% Sr. Nts., 5/1/12 65,000 82,761 - -------------------------------------------------------------------------------------- Travelers Property Casualty Corp., 3.75% Sr. Unsec. Nts., 3/15/08 225,000 219,771 - -------------------------------------------------------------------------------------- TXU Corp., 6.55% Nts., 11/15/34 11 170,000 168,131 - -------------------------------------------------------------------------------------- Tyco International Group SA: 6.375% Sr. Unsec. Unsub. Nts., 2/15/06 180,000 182,035 6.75% Sr. Unsub. Nts., 2/15/11 76,000 83,295 - -------------------------------------------------------------------------------------- UnitedHealth Group, Inc., 4.875% Bonds, 3/15/15 71,000 70,996 - -------------------------------------------------------------------------------------- Univision Communications, Inc.: 2.875% Sr. Unsec. Nts., 10/15/06 32,000 31,295 3.50% Sr. Unsec. Nts., 10/15/07 165,000 160,360 - -------------------------------------------------------------------------------------- Visteon Corp., 7.95% Sr. Unsec. Nts., 8/1/05 78,000 78,000 - -------------------------------------------------------------------------------------- Vornado Realty LP, 5.625% Sr. Unsec. Unsub. Nts., 6/15/07 245,000 248,082 - -------------------------------------------------------------------------------------- Wachovia Corp., 5.50% Sr. Sub. Nts., 8/1/35 140,000 140,307 - -------------------------------------------------------------------------------------- Waste Management, Inc.: 6.875% Sr. Unsec. Nts., 5/15/09 80,000 85,580 7% Sr. Nts., 7/15/28 90,000 101,927 - -------------------------------------------------------------------------------------- Yum! Brands, Inc., 8.50% Sr. Unsec. Nts., 4/15/06 260,000 267,438 -------------- Total Non-Convertible Corporate Bonds and Notes (Cost $17,850,908) 18,069,611 - -------------------------------------------------------------------------------------- SHORT-TERM NOTES--0.4% - -------------------------------------------------------------------------------------- Federal Home Loan Bank, 3%, 8/1/05 (Cost $500,000) 500,000 500,000 - -------------------------------------------------------------------------------------- JOINT REPURCHASE AGREEMENTS--5.3% - -------------------------------------------------------------------------------------- Undivided interest of 0.94% in joint repurchase agreement (Principal Amount/Value $765,696,000, with a maturity value of $765,904,652) with UBS Warburg LLC, 3.27%, dated 7/29/05, to be repurchased at $7,187,958 on 8/1/05, collateralized by Federal National Mortgage Assn., 5%, 3/1/35, with a value of $782,601,759 (Cost $7,186,000) 7,186,000 7,186,000 - -------------------------------------------------------------------------------------- Total Investments, at Value (Cost $141,222,385) 115.0% 154,086,615 - -------------------------------------------------------------------------------------- Liabilities in Excess of Other Assets (15.0) (20,149,952) ----------------------------- Net Assets 100.0 $ 133,936,663 =============================
Footnotes to Statement of Investments 1. Non-income producing security. 2. A sufficient amount of liquid assets has been designated to cover outstanding written call options, as follows:
CONTRACTS EXPIRATION EXERCISE PREMIUM SUBJECT TO CALL DATE PRICE RECEIVED VALUE - ---------------------------------------------------------------------------------------- Schering-Plough 127 1/23/06 $ 22.50 $ 15,589 $ 8,890 Corp.
3. Illiquid or restricted security. The aggregate value of illiquid or restricted securities as of July 31, 2005 was $3,038,653, which represents 2.27% of the Fund's net assets, none of which is considered restricted. See accompanying Notes to Quarterly Statement of Investments. 4. Received as the result of issuer reorganization. 5. Represents the current interest rate for a variable or increasing rate security. 12 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - -------------------------------------------------------------------------------- 6. Interest-Only Strips represent the right to receive the monthly interest payments on an underlying pool of mortgage loans. These securities typically decline in price as interest rates decline. Most other fixed income securities increase in price when interest rates decline. The principal amount of the underlying pool represents the notional amount on which current interest is calculated. The price of these securities is typically more sensitive to changes in prepayment rates than traditional mortgage-backed securities (for example, GNMA pass-throughs). Interest rates disclosed represent current yields based upon the current cost basis and estimated timing and amount of future cash flows. These securities amount to $1,641,473 or 1.23% of the Fund's net assets as of July 31, 2005. 7. Principal-Only Strips represent the right to receive the monthly principal payments on an underlying pool of mortgage loans. The value of these securities generally increases as interest rates decline and prepayment rates rise. The price of these securities is typically more volatile than that of coupon-bearing bonds of the same maturity. Interest rates disclosed represent current yields based upon the current cost basis and estimated timing of future cash flows. These securities amount to $103,709 or 0.08% of the Fund's net assets as of July 31, 2005. 8. When-issued security or forward commitment to be delivered and settled after July 31, 2005. See accompanying Notes to Quarterly Statement of Investments. 9. All or a portion of the security is held in collateralized accounts to cover initial margin requirements on open futures sales contracts. The aggregate market value of such securities is $245,317. See accompanying Notes to Quarterly Statement of Investments. 10. Zero coupon bond reflects effective yield on the date of purchase. 11. Represents securities sold under Rule 144A, which are exempt from registration under the Securities Act of 1933, as amended. These securities have been determined to be liquid under guidelines established by the Board of Directors. These securities amount to $1,331,134 or 0.99% of the Fund's net assets as of July 31, 2005. 12. This bond has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest. FEDERAL TAX. The approximate aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments for federal income tax purposes as of July 31, 2005 are noted below. The primary difference between book and tax appreciation or depreciation of securities and other investments, if applicable, is attributable to the tax deferral of losses. Federal tax cost of securities $141,243,686 ============= Gross unrealized appreciation $ 16,019,317 Gross unrealized depreciation (3,176,388) ------------- Net unrealized appreciation $ 12,842,929 ============= NOTES TO QUARTERLY STATEMENT OF INVESTMENTS SECURITIES VALUATION. The Fund calculates the net asset value of its shares as of the close of The New York Stock Exchange (the Exchange), normally 4:00 P.M. Eastern time, on each day the Exchange is open for business. Securities listed or traded on National Stock Exchanges or other domestic exchanges 13 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - -------------------------------------------------------------------------------- are valued based on the last sale price of the security traded on that exchange prior to the time when the Fund's assets are valued. Securities traded on NASDAQ are valued based on the closing price provided by NASDAQ prior to the time when the Fund's assets are valued. In the absence of a sale, the security is valued at the last sale price on the prior trading day, if it is within the spread of the closing "bid" and "asked" prices, and if not, at the closing bid price. Securities traded on foreign exchanges are valued based on the last sale price on the principal exchange on which the security is traded, in the country that is identified by the portfolio pricing service, prior to the time when the Fund's assets are valued. In the absence of a sale, the security is valued at the official closing price on the principal exchange. Corporate, government and municipal debt instruments having a remaining maturity in excess of sixty days and all mortgage-backed securities will be valued at the mean between the "bid" and "asked" prices. Futures contracts traded on a commodities or futures exchange will be valued at the final settlement price or official closing price on the principal exchange as reported by such principal exchange at its trading session ending at, or most recently prior to, the time when the Fund's assets are valued. Securities may be valued primarily using dealer-supplied valuations or a portfolio pricing service authorized by the Board of Directors. Securities (including restricted securities) for which market quotations are not readily available are valued at their fair value. Foreign and domestic securities whose values have been materially affected by what the Manager identifies as a significant event occurring before the Fund's assets are valued but after the close of their respective exchanges will be fair valued. Fair value is determined in good faith using consistently applied procedures under the supervision of the Board of Directors. Short-term "money market type" debt securities with remaining maturities of sixty days or less are valued at amortized cost (which approximates market value). SECURITIES ON A WHEN-ISSUED BASIS OR FORWARD COMMITMENT. Delivery and payment for securities that have been purchased by the Fund on a when-issued basis or forward commitment can take place up to ten days or more after the trade date. Normally the settlement date occurs within six months after the trade date; however, the Fund may, from time to time, purchase securities whose settlement date extends six months or more beyond trade date. During this period, such securities do not earn 14 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - -------------------------------------------------------------------------------- interest, are subject to market fluctuation and may increase or decrease in value prior to their delivery. The Fund maintains internally designated assets with a market value equal to or greater than the amount of its purchase commitments. The purchase of securities on a when-issued basis or forward commitment may increase the volatility of the Fund's net asset value to the extent the Fund executes such transactions while remaining substantially fully invested. The Fund may also sell securities that it purchased on a when-issued basis or forward commitment prior to settlement of the original purchase. As of July 31, 2005, the Fund had purchased $25,230,785 of securities issued on a when-issued basis or forward commitment and sold $4,952,122 of securities issued on a when-issued basis or forward commitment. FOREIGN CURRENCY TRANSLATION. The Fund's accounting records are maintained in U.S. dollars. The values of securities denominated in foreign currencies and amounts related to the purchase and sale of foreign securities and foreign investment income are translated into U.S. dollars as of the close of The New York Stock Exchange (the Exchange), normally 4:00 P.M. Eastern time, on each day the Exchange is open for business. Foreign exchange rates may be valued primarily using dealer supplied valuations or a portfolio pricing service authorized by the Board of Directors. Reported net realized foreign exchange gains or losses arise from sales of portfolio securities, sales and maturities of short-term securities, sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund's books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the values of assets and liabilities, including investments in securities at fiscal period end, resulting from changes in exchange rates. The effect of changes in foreign currency exchange rates on investments is separately identified from the fluctuations arising from changes in market values of securities held and reported with all other foreign currency gains and losses in the Fund's Statement of Operations. 15 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - -------------------------------------------------------------------------------- JOINT REPURCHASE AGREEMENTS. Pursuant to an Exemptive Order issued by the Securities and Exchange Commission, the Fund, along with other affiliated funds advised by the Manager, may transfer uninvested cash balances into joint trading accounts on a daily basis. These balances are invested in one or more repurchase agreements. Securities pledged as collateral for repurchase agreements are held by a custodian bank until the agreements mature. Each agreement requires that the market value of the collateral be sufficient to cover payments of interest and principal. In the event of default by the other party to the agreement, retention of the collateral may be subject to legal proceedings. FOREIGN CURRENCY CONTRACTS A foreign currency contract is a commitment to purchase or sell a foreign currency at a future date, at a negotiated rate. The Fund may enter into foreign currency contracts to settle specific purchases or sales of securities denominated in a foreign currency and for protection from adverse exchange rate fluctuation. Risks to the Fund include the potential inability of the counterparty to meet the terms of the contract. The net U.S. dollar value of foreign currency underlying all contractual commitments held by the Fund and the resulting unrealized appreciation or depreciation are determined using prevailing foreign currency exchange rates. Unrealized appreciation and depreciation on foreign currency contracts are reported in the Statement of Assets and Liabilities as a receivable or payable and in the Statement of Operations with the change in unrealized appreciation or depreciation. The Fund may realize a gain or loss upon the closing or settlement of the foreign transaction. Contracts closed or settled with the same broker are recorded as net realized gains or losses. Such realized gains and losses are reported with all other foreign currency gains and losses in the Statement of Operations. As of July 31, 2005, the Fund had no outstanding foreign currency contracts. FUTURES CONTRACTS A futures contract is a commitment to buy or sell a specific amount of a commodity or financial 16 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - -------------------------------------------------------------------------------- instrument at a negotiated price on a stipulated future date. Futures contracts are traded on a commodity exchange. The Fund may buy and sell futures contracts that relate to broadly based securities indices (financial futures) or debt securities (interest rate futures) in order to gain exposure to or protection from changes in market value of stocks and bonds or interest rates. The Fund may also buy or write put or call options on these futures contracts. The Fund generally sells futures contracts as a hedge against increases in interest rates and decreases in market value of portfolio securities. The Fund may also purchase futures contracts to gain exposure to market changes as it may be more efficient or cost effective than actually buying securities. Upon entering into a futures contract, the Fund is required to deposit either cash or securities (initial margin) in an amount equal to a certain percentage of the contract value. Subsequent payments (variation margin) are made or received by the Fund each day. The variation margin payments are equal to the daily changes in the contract value and are recorded as unrealized gains and losses. The Fund recognizes a realized gain or loss when the contract is closed or has expired. Cash held by the broker to cover initial margin requirements on open futures contracts is noted in the Statement of Assets and Liabilities. Securities held in collateralized accounts to cover initial margin requirements on open futures contracts are noted in the Statement of Investments. The Statement of Assets and Liabilities reflects a receivable and/or payable for the daily mark to market for variation margin. Realized gains and losses are reported in the Statement of Operations as the closing and expiration of futures contracts. The net change in unrealized appreciation or depreciation is reported in the Statement of Operations. Risks of entering into futures contracts (and related options) include the possibility that there may be an illiquid market and that a change in the value of the contract or option may not correlate with changes in the value of the underlying securities. 17 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - -------------------------------------------------------------------------------- As of July 31, 2005, the Fund had outstanding futures contracts as follows:
UNREALIZED EXPIRATION NUMBER OF VALUATION AS OF APPRECIATION CONTRACT DESCRIPTION DATES CONTRACTS JULY 31, 2005 (DEPRECIATION) - --------------------------------------------------------------------------------------------------- CONTRACTS TO PURCHASE U.S. Long Bonds 9/21/05 47 $ 5,419,688 $ (45,569) ----------- CONTRACTS TO SELL U.S. Treasury Nts., 2 yr. 9/30/05 78 16,105,781 87,093 U.S. Treasury Nts., 5 yr. 9/21/05 68 7,289,813 110,174 U.S. Treasury Nts., 10 yr. 9/21/05 7 776,891 6,694 ----------- 203,961 ----------- $ 158,392 ===========
OPTION ACTIVITY The Fund may buy and sell put and call options, or write put and covered call options on portfolio securities in order to produce incremental earnings or protect against changes in the value of portfolio securities. The Fund generally purchases put options or writes covered call options to hedge against adverse movements in the value of portfolio holdings. When an option is written, the Fund receives a premium and becomes obligated to sell or purchase the underlying security at a fixed price, upon exercise of the option. Options are valued daily based upon the last sale price on the principal exchange on which the option is traded and unrealized appreciation or depreciation is recorded. The Fund will realize a gain or loss upon the expiration or closing of the option transaction. When an option is exercised, the proceeds on sales for a written call option, the purchase cost for a written put option, or the cost of the security for a purchased put or call option is adjusted by the amount of premium received or paid. Securities designated to cover outstanding call options are noted in the Statement of Investments 18 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - -------------------------------------------------------------------------------- where applicable. Contracts subject to call, expiration date, exercise price, premium received and market value are detailed in a note to the Statement of Investments. Options written are reported as a liability in the Statement of Assets and Liabilities. Realized gains and losses are reported in the Statement of Operations. The risk in writing a call option is that the Fund gives up the opportunity for profit if the market price of the security increases and the option is exercised. The risk in writing a put option is that the Fund may incur a loss if the market price of the security decreases and the option is exercised. The risk in buying an option is that the Fund pays a premium whether or not the option is exercised. The Fund also has the additional risk of not being able to enter into a closing transaction if a liquid secondary market does not exist. Written option activity for the period ended July 31, 2005 was as follows: CALL OPTIONS ------------------------------- NUMBER OF AMOUNT OF CONTRACTS PREMIUMS - ---------------------------------------------------------------- Options outstanding as of October 31, 2004 -- $ -- Options written 127 15,589 -------------------------------- Options outstanding as of July 31, 2005 12 $ 15,589 ================================ TOTAL RETURN SWAP CONTRACTS The Fund may enter into a total return swap transaction to maintain a total return on a particular investment, or portion of its portfolio, or for other non-speculative purposes. Because the principal amount is not exchanged, it represents neither an asset nor a liability to either counterparty, and is referred to as notional. The Fund records an increase or decrease to unrealized gain (loss), in the amount due to or owed by the Fund at termination or settlement. Total return swaps are subject to risks (if the counterparty fails to meet its obligations). 19 | Oppenheimer Disciplined Allocation Fund As of July 31, 2005, the Fund had total return swap agreements outstanding as follows:
PAID BY RECEIVED BY NOTIONAL THE FUND AT THE FUND AT TERMINATION UNREALIZED SWAP COUNTERPARTY AMOUNT JULY 31, 2005 JULY 31, 2005 DATE DEPRECIATION - ------------------------------------------------------------------------------------------------------- UBS AG $ 1,000,000 One-Month LIBOR 1.51% 12/1/05 $ 15,856 Minus 0.25%
Index abbreviations are as follows: LIBOR London-Interbank Offered Rate ILLIQUID OR RESTRICTED SECURITIES As of July 31, 2005, investments in securities included issues that are illiquid or restricted. Restricted securities are purchased in private placement transactions, are not registered under the Securities Act of 1933, may have contractual restrictions on resale, and are valued under methods approved by the Board of Directors as reflecting fair value. A security may also be considered illiquid if it lacks a readily available market or if its valuation has not changed for a certain period of time. The Fund will not invest more than 10% of its net assets (determined at the time of purchase and reviewed periodically) in illiquid or restricted securities. Certain restricted securities, eligible for resale to qualified institutional investors, are not subject to that limitation. Securities that are illiquid or restricted are marked with the applicable footnote on the Statement of Investments. Information concerning restricted securities is as follows: ACQUISITION VALUATION AS OF UNREALIZED SECURITY DATE COST JULY 31, 2005 DEPRECIATION - ------------------------------------------------------------------------------- Geotek Communications, Inc., Series B, Escrow Shares 1/4/01 $400 $ -- $ 400 20 | Oppenheimer Disciplined Allocation Fund Oppenheimer Value Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ------------------------------------------------------------------------------------------------------- COMMON STOCKS--96.3% - ------------------------------------------------------------------------------------------------------- CONSUMER DISCRETIONARY--6.1% - ------------------------------------------------------------------------------------------------------- MEDIA--6.1% Liberty Global, Inc., Series A 1 1,208,546 $ 57,333,422 - ------------------------------------------------------------------------------------------------------- News Corp., Inc., Cl. A 850,200 13,926,276 --------------- 71,259,698 CONSUMER STAPLES--4.8% - ------------------------------------------------------------------------------------------------------- TOBACCO--4.8% Altria Group, Inc. 840,700 56,293,272 ENERGY--10.6% - ------------------------------------------------------------------------------------------------------- ENERGY EQUIPMENT & SERVICES--3.9% Halliburton Co. 824,710 46,224,996 - ------------------------------------------------------------------------------------------------------- OIL & GAS--6.7% BP plc, ADR 905,130 59,629,964 - ------------------------------------------------------------------------------------------------------- Petroleo Brasileiro SA, ADR 346,280 18,203,940 --------------- 77,833,904 FINANCIALS--29.1% - ------------------------------------------------------------------------------------------------------- COMMERCIAL BANKS--6.7% Bank of America Corp. 494,678 21,567,961 - ------------------------------------------------------------------------------------------------------- Wells Fargo & Co. 916,910 56,243,259 --------------- 77,811,220 - ------------------------------------------------------------------------------------------------------- DIVERSIFIED FINANCIAL SERVICES--14.2% Alliance Capital Management Holding LP 215,100 9,793,503 - ------------------------------------------------------------------------------------------------------- Capital One Financial Corp. 383,400 31,630,500 - ------------------------------------------------------------------------------------------------------- Citigroup, Inc. 1,274,666 55,447,971 - ------------------------------------------------------------------------------------------------------- JPMorgan Chase & Co. 1,308,800 45,991,232 - ------------------------------------------------------------------------------------------------------- Lehman Brothers Holdings, Inc. 220,700 23,202,191 --------------- 166,065,397 - ------------------------------------------------------------------------------------------------------- INSURANCE--5.3% Everest Re Group Ltd. 118,100 11,502,940 - ------------------------------------------------------------------------------------------------------- Genworth Financial, Inc., Cl. A 1,009,670 31,663,251 - ------------------------------------------------------------------------------------------------------- Platinum Underwriters Holdings Ltd. 539,870 18,717,293 --------------- 61,883,484 - ------------------------------------------------------------------------------------------------------- THRIFTS & MORTGAGE FINANCE--2.9% Countrywide Financial Corp. 655,840 23,610,240 - ------------------------------------------------------------------------------------------------------- Freddie Mac 168,270 10,648,126 --------------- 34,258,366 HEALTH CARE--4.0% - ------------------------------------------------------------------------------------------------------- BIOTECHNOLOGY--1.5% Wyeth 375,790 17,192,393 - ------------------------------------------------------------------------------------------------------- PHARMACEUTICALS--2.5% Sanofi-Aventis SA, ADR 683,000 29,573,900 INDUSTRIALS--14.8% - ------------------------------------------------------------------------------------------------------- AEROSPACE & DEFENSE--8.7% Honeywell International, Inc. 1,545,000 60,687,600 - ------------------------------------------------------------------------------------------------------- Raytheon Co. 1,033,050 40,629,857 --------------- 101,317,457 - ------------------------------------------------------------------------------------------------------- COMMERCIAL SERVICES & SUPPLIES--4.3% Cendant Corp. 2,330,140 49,771,790
1 | Oppenheimer Value Fund Oppenheimer Value Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ------------------------------------------------------------------------------------------------------- INDUSTRIAL CONGLOMERATES--1.8% General Electric Co. 284,860 $ 9,827,670 - ------------------------------------------------------------------------------------------------------- Tyco International Ltd. 369,730 11,265,673 --------------- 21,093,343 INFORMATION TECHNOLOGY--13.1% - ------------------------------------------------------------------------------------------------------- COMPUTERS & PERIPHERALS--2.0% International Business Machines Corp. 281,550 23,498,163 - ------------------------------------------------------------------------------------------------------- SOFTWARE--11.1% Microsoft Corp. 1,932,860 49,500,545 - ------------------------------------------------------------------------------------------------------- Novell, Inc. 1 1,846,140 11,224,531 - ------------------------------------------------------------------------------------------------------- Synopsys, Inc. 1 1,932,400 35,768,724 - ------------------------------------------------------------------------------------------------------- Take-Two Interactive Software, Inc. 1 1,308,925 32,212,644 --------------- 128,706,444 MATERIALS--3.3% - ------------------------------------------------------------------------------------------------------- CHEMICALS--2.2% Praxair, Inc. 520,580 25,711,446 - ------------------------------------------------------------------------------------------------------- METALS & MINING--1.1% Phelps Dodge Corp. 116,500 12,401,425 TELECOMMUNICATION SERVICES--2.8% - ------------------------------------------------------------------------------------------------------- DIVERSIFIED TELECOMMUNICATION SERVICES--2.8% IDT Corp., Cl. B 1 1,263,103 16,407,708 - ------------------------------------------------------------------------------------------------------- Verizon Communications, Inc. 488,590 16,724,436 --------------- 33,132,144 UTILITIES--7.7% - ------------------------------------------------------------------------------------------------------- ELECTRIC UTILITIES--6.8% AES Corp. (The) 1 2,030,980 32,597,229 - ------------------------------------------------------------------------------------------------------- CMS Energy Corp. 1 823,300 13,041,072 - ------------------------------------------------------------------------------------------------------- NRG Energy, Inc. 1 237,600 9,111,960 - ------------------------------------------------------------------------------------------------------- PG&E Corp. 264,030 9,935,449 - ------------------------------------------------------------------------------------------------------- Reliant Energy, Inc. 1 1,108,930 14,704,412 --------------- 79,390,122 - ------------------------------------------------------------------------------------------------------- GAS UTILITIES--0.9% Sempra Energy 251,430 10,685,775 --------------- Total Common Stocks (Cost $994,781,126) 1,124,104,739
2 | Oppenheimer Value Fund Oppenheimer Value Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT Value - ------------------------------------------------------------------------------------------------------- JOINT REPURCHASE AGREEMENTS--4.0% - -------------------------------------------------------------------------------------------------------
Undivided interest of 6.05% in joint repurchase agreement (Principal Amount/Value $765,696,000, with a maturity value of $765,904,652) with UBS Warburg LLC, 3.27%, dated 7/29/05, to be repurchased at $46,362,630 on 8/1/05, collateralized by Federal National Mortgage Assn., 5%, 3/1/35, with a value of
$782,601,759 (Cost $46,350,000) $46,350,000 46,350,000 - ------------------------------------------------------------------------------------------------------- Total Investments, at Value (Cost $1,041,131,126) 100.3% $1,170,454,739 - ------------------------------------------------------------------------------------------------------- Liabilities in Excess of Other Assets (0.3) (3,378,625) ------------------------------- Net Assets 100.0% $1,167,076,114 ===============================
Footnote to Statement of Investments 1. Non-income producing security. FEDERAL TAX. The approximate aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments for federal income tax purposes as of July 31, 2005 are noted below. The primary difference between book and tax appreciation or depreciation of securities and other investments, if applicable, is attributable to the tax deferral of losses. Federal tax cost of securities $1,042,709,084 ============== Gross unrealized appreciation $ 138,426,011 Gross unrealized depreciation (10,680,356) -------------- Net unrealized appreciation $ 127,745,655 ============== NOTES TO QUARTERLY STATEMENT OF INVESTMENTS SECURITIES VALUATION. The Fund calculates the net asset value of its shares as of the close of The New York Stock Exchange (the Exchange), normally 4:00 P.M. Eastern time, on each day the Exchange is open for business. Securities listed or traded on National Stock Exchanges or other domestic exchanges are valued based on the last sale price of the security traded on that exchange prior to the time when the Fund's assets are valued. Securities traded on NASDAQ are valued based on the closing price provided by NASDAQ prior to the time when 3 | Oppenheimer Value Fund Oppenheimer Value Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - -------------------------------------------------------------------------------- the Fund's assets are valued. In the absence of a sale, the security is valued at the last sale price on the prior trading day, if it is within the spread of the closing "bid" and "asked" prices, and if not, at the closing bid price. Securities traded on foreign exchanges are valued based on the last sale price on the principal exchange on which the security is traded, in the country that is identified by the portfolio pricing service, prior to the time when the Fund's assets are valued. In the absence of a sale, the security is valued at the official closing price on the principal exchange. Corporate, government and municipal debt instruments having a remaining maturity in excess of sixty days and all mortgage-backed securities will be valued at the mean between the "bid" and "asked" prices. Futures contracts traded on a commodities or futures exchange will be valued at the final settlement price or official closing price on the principal exchange as reported by such principal exchange at its trading session ending at, or most recently prior to, the time when the Fund's assets are valued. Securities may be valued primarily using dealer-supplied valuations or a portfolio pricing service authorized by the Board of Directors. Securities (including restricted securities) for which market quotations are not readily available are valued at their fair value. Foreign and domestic securities whose values have been materially affected by what the Manager identifies as a significant event occurring before the Fund's assets are valued but after the close of their respective exchanges will be fair valued. Fair value is determined in good faith using consistently applied procedures under the supervision of the Board of Directors. Short-term "money market type" debt securities with remaining maturities of sixty days or less are valued at amortized cost (which approximates market value). FOREIGN CURRENCY TRANSLATION. The Fund's accounting records are maintained in U.S. dollars. The values of securities denominated in foreign currencies and amounts related to the purchase and sale of foreign securities and foreign investment income are translated into U.S. dollars as of the close of The New York Stock Exchange (the Exchange), normally 4:00 P.M. Eastern time, on each day the Exchange is open for business. Foreign exchange rates may be valued primarily using dealer supplied valuations or a portfolio pricing service authorized by the Board of Directors. 4 | Oppenheimer Value Fund Oppenheimer Value Fund STATEMENT OF INVESTMENTS July 31, 2005/Unaudited - -------------------------------------------------------------------------------- Reported net realized foreign exchange gains or losses arise from sales of portfolio securities, sales and maturities of short-term securities, sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund's books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the values of assets and liabilities, including investments in securities at fiscal period end, resulting from changes in exchange rates. The effect of changes in foreign currency exchange rates on investments is separately identified from the fluctuations arising from changes in market values of securities held and reported with all other foreign currency gains and losses in the Fund's Statement of Operations. JOINT REPURCHASE AGREEMENTS. Pursuant to an Exemptive Order issued by the Securities and Exchange Commission, the Fund, along with other affiliated funds advised by the Manager, may transfer uninvested cash balances into joint trading accounts on a daily basis. These balances are invested in one or more repurchase agreements. Securities pledged as collateral for repurchase agreements are held by a custodian bank until the agreements mature. Each agreement requires that the market value of the collateral be sufficient to cover payments of interest and principal. In the event of default by the other party to the agreement, retention of the collateral may be subject to legal proceedings. 5 | Oppenheimer Value Fund ITEM 2. CONTROLS AND PROCEDURES. (a) Based on their evaluation of the registrant's disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940 (17 CFR 270.30a-3(c)) as of July 31, 2005, the registrant's principal executive officer and principal financial officer found the registrant's disclosure controls and procedures to provide reasonable assurances that information required to be disclosed by the registrant in the reports that it files under the Securities Exchange Act of 1934 (a) is accumulated and communicated to the registrant's management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure, and (b) is recorded, processed, summarized and reported, within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission. (b) There have been no significant changes in the registrant's internal controls over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS. Exhibits attached hereto. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Oppenheimer Series Fund, Inc. By: /s/ John V. Murphy ------------------ John V. Murphy Principal Executive Officer Date: September 13, 2005 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ John V. Murphy ------------------ John V. Murphy Principal Executive Officer Date: September 13, 2005 By: /s/ Brian W. Wixted ------------------- Brian W. Wixted Principal Financial Officer Date: September 13, 2005 EX-99.CERT 2 rq205_18546ex302.txt RQ205_18546EX302.TXT Exhibit 99.CERT Section 302 Certifications CERTIFICATIONS I, John V. Murphy, certify that: 1. I have reviewed this report on Form N-Q of Oppenheimer Series Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. /s/ John V. Murphy - ------------------ John V. Murphy Principal Executive Officer Date: September 13, 2005 Exhibit 99.CERT Section 302 Certifications CERTIFICATIONS I, Brian W. Wixted, certify that: 1. I have reviewed this report on Form N-Q of Oppenheimer Series Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. /s/ Brian W. Wixted - ------------------- Brian W. Wixted Principal Financial Officer Date: September 13, 2005 -----END PRIVACY-ENHANCED MESSAGE-----