-----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, PPcaRYCuk8uaqipVBydiztjTcAobvaY4BOCA+sagGAVjUN1ZZxcFuDVHAx249DOY NsWbitmw9nsIZoG/tH+4bg== 0000935069-06-001011.txt : 20060331 0000935069-06-001011.hdr.sgml : 20060331 20060331122428 ACCESSION NUMBER: 0000935069-06-001011 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060131 FILED AS OF DATE: 20060331 DATE AS OF CHANGE: 20060331 EFFECTIVENESS DATE: 20060331 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: 06726687 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 0000356865 S000007308 Oppenheimer Disciplined Allocation Fund C000020076 A C000020077 B C000020078 C C000020079 N 0000356865 S000007309 Oppenheimer Value Fund C000020080 A C000020081 B C000020082 C C000020083 N C000033091 Y N-Q 1 rq205_31507nq.txt RQ205_31507NQ 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., CONSISTING OF: OPPENHEIMER DISCIPLINED ALLOCATION FUND AND OPPENHEIMER VALUE FUND (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: JANUARY 31, 2006 ITEM 1. SCHEDULE OF INVESTMENTS. Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ------------------------------------------------------------------------------------------------------------------------- COMMON STOCKS--51.0% - ------------------------------------------------------------------------------------------------------------------------- CONSUMER DISCRETIONARY--6.7% - ------------------------------------------------------------------------------------------------------------------------- DIVERSIFIED CONSUMER SERVICES--0.3% Corinthian Colleges, Inc. 1 29,000 $ 367,720 - ------------------------------------------------------------------------------------------------------------------------- HOUSEHOLD DURABLES--0.4% WCI Communities, Inc. 1 19,000 523,260 - ------------------------------------------------------------------------------------------------------------------------- MEDIA--6.0% Liberty Global, Inc., Series A 1 108,331 2,318,283 - ------------------------------------------------------------------------------------------------------------------------- Liberty Global, Inc., Series C 1 108,331 2,190,453 - ------------------------------------------------------------------------------------------------------------------------- Liberty Media Corp., Cl. A 1 407,700 3,408,372 -------------- 7,917,108 CONSUMER STAPLES--4.1% - ------------------------------------------------------------------------------------------------------------------------- BEVERAGES--0.9% Constellation Brands, Inc., Cl. A 1 46,600 1,243,754 - ------------------------------------------------------------------------------------------------------------------------- FOOD & STAPLES RETAILING--0.7% Wal-Mart Stores, Inc. 20,200 931,422 - ------------------------------------------------------------------------------------------------------------------------- TOBACCO--2.5% Altria Group, Inc. 44,500 3,219,130 ENERGY--5.2% - ------------------------------------------------------------------------------------------------------------------------- ENERGY EQUIPMENT & SERVICES--1.4% Halliburton Co. 22,200 1,766,010 - ------------------------------------------------------------------------------------------------------------------------- OIL & GAS--3.8% BP plc, ADR 43,200 3,123,792 - ------------------------------------------------------------------------------------------------------------------------- Kinder Morgan, Inc. 4,300 413,875 - ------------------------------------------------------------------------------------------------------------------------- LUKOIL, Sponsored ADR 19,700 1,507,050 -------------- 5,044,717 FINANCIALS--9.4% - ------------------------------------------------------------------------------------------------------------------------- CAPITAL MARKETS--1.9% UBS AG 23,158 2,517,863 - ------------------------------------------------------------------------------------------------------------------------- COMMERCIAL BANKS--2.0% Bank of America Corp. 7,602 336,236 - ------------------------------------------------------------------------------------------------------------------------- Wachovia Corp. 19,588 1,074,010 - ------------------------------------------------------------------------------------------------------------------------- Wells Fargo & Co. 20,900 1,303,324 -------------- 2,713,570 - ------------------------------------------------------------------------------------------------------------------------- DIVERSIFIED FINANCIAL SERVICES--2.2% Bear Stearns Cos., Inc. (The) 2,800 354,088 - ------------------------------------------------------------------------------------------------------------------------- Capital One Financial Corp. 17,200 1,432,760 - ------------------------------------------------------------------------------------------------------------------------- Citigroup, Inc. 23,277 1,084,243 -------------- 2,871,091 - ------------------------------------------------------------------------------------------------------------------------- INSURANCE--2.4% American International Group, Inc. 7,700 504,042 - ------------------------------------------------------------------------------------------------------------------------- Everest Re Group Ltd. 9,000 869,850 - ------------------------------------------------------------------------------------------------------------------------- Genworth Financial, Inc., Cl. A 38,400 1,257,984 - ------------------------------------------------------------------------------------------------------------------------- Platinum Underwriters Holdings Ltd. 16,400 502,660 -------------- 3,134,536 - ------------------------------------------------------------------------------------------------------------------------- THRIFTS & MORTGAGE FINANCE--0.9% Countrywide Financial Corp. 15,600 521,664
1 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ------------------------------------------------------------------------------------------------------------------------- THRIFTS & MORTGAGE FINANCE CONTINUED Freddie Mac 9,200 $ 624,312 -------------- 1,145,976 HEALTH CARE--5.7% - ------------------------------------------------------------------------------------------------------------------------- BIOTECHNOLOGY--0.5% MedImmune, Inc. 1 20,000 682,400 - ------------------------------------------------------------------------------------------------------------------------- HEALTH CARE EQUIPMENT & SUPPLIES--0.7% Boston Scientific Corp. 1 24,600 538,002 - ------------------------------------------------------------------------------------------------------------------------- Cooper Cos., Inc. (The) 6,500 360,295 -------------- 898,297 - ------------------------------------------------------------------------------------------------------------------------- HEALTH CARE PROVIDERS & SERVICES--0.6% Manor Care, Inc. 12,200 477,020 - ------------------------------------------------------------------------------------------------------------------------- Tenet Healthcare Corp. 1 45,900 333,693 -------------- 810,713 - ------------------------------------------------------------------------------------------------------------------------- PHARMACEUTICALS--3.9% GlaxoSmithKline plc, ADR 20,500 1,050,420 - ------------------------------------------------------------------------------------------------------------------------- Pfizer, Inc. 58,500 1,502,280 - ------------------------------------------------------------------------------------------------------------------------- Sanofi-Aventis SA, ADR 34,700 1,596,200 - ------------------------------------------------------------------------------------------------------------------------- Schering-Plough Corp. 48,700 932,605 -------------- 5,081,505 INDUSTRIALS--4.9% - ------------------------------------------------------------------------------------------------------------------------- AEROSPACE & DEFENSE--3.0% Honeywell International, Inc. 34,800 1,337,016 - ------------------------------------------------------------------------------------------------------------------------- Orbital Sciences Corp. 1 131,300 1,693,770 - ------------------------------------------------------------------------------------------------------------------------- United Technologies Corp. 15,200 887,224 -------------- 3,918,010 - ------------------------------------------------------------------------------------------------------------------------- COMMERCIAL SERVICES & SUPPLIES--1.6% Cendant Corp. 130,900 2,191,266 - ------------------------------------------------------------------------------------------------------------------------- ELECTRICAL EQUIPMENT--0.3% Gamesa Corporacion Tecnologica SA 21,500 350,086 INFORMATION TECHNOLOGY--10.8% - ------------------------------------------------------------------------------------------------------------------------- COMMUNICATIONS EQUIPMENT--1.1% Cisco Systems, Inc. 1 79,700 1,480,029 - ------------------------------------------------------------------------------------------------------------------------- COMPUTERS & PERIPHERALS--0.4% Hutchinson Technology, Inc. 1 21,400 592,352 - ------------------------------------------------------------------------------------------------------------------------- ELECTRONIC EQUIPMENT & INSTRUMENTS--0.4% Flextronics International Ltd. 1 48,600 508,356 - ------------------------------------------------------------------------------------------------------------------------- SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT--1.6% ATI Technologies, Inc. 1 52,500 937,125 - ------------------------------------------------------------------------------------------------------------------------- Freescale Semiconductor, Inc., Cl. A 1 44,200 1,112,072 -------------- 2,049,197 - ------------------------------------------------------------------------------------------------------------------------- SOFTWARE--7.3% Compuware Corp. 1 48,000 395,520 - ------------------------------------------------------------------------------------------------------------------------- Microsoft Corp. 123,000 3,462,450 - ------------------------------------------------------------------------------------------------------------------------- Novell, Inc. 1 129,200 1,258,408
2 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ------------------------------------------------------------------------------------------------------------------------- SOFTWARE CONTINUED Synopsys, Inc. 1 48,200 $ 1,065,702 - ------------------------------------------------------------------------------------------------------------------------- Take-Two Interactive Software, Inc. 1 215,450 3,417,037 -------------- 9,599,117 MATERIALS--0.7% - ------------------------------------------------------------------------------------------------------------------------- CHEMICALS--0.7% Praxair, Inc. 16,400 863,952 TELECOMMUNICATION SERVICES--1.4% - ------------------------------------------------------------------------------------------------------------------------- DIVERSIFIED TELECOMMUNICATION SERVICES--1.4% IDT Corp., Cl. B 1 153,700 1,898,195 UTILITIES--2.1% - ------------------------------------------------------------------------------------------------------------------------- ELECTRIC UTILITIES--2.1% AES Corp. (The) 1 121,500 2,070,360 - ------------------------------------------------------------------------------------------------------------------------- Reliant Energy, Inc. 1 67,500 683,100 -------------- 2,753,460 -------------- Total Common Stocks (Cost $56,346,709) 67,073,092 PRINCIPAL AMOUNT - ------------------------------------------------------------------------------------------------------------------------- ASSET-BACKED SECURITIES--5.9% - ------------------------------------------------------------------------------------------------------------------------- Ace Securities Corp., Home Equity Loan Pass-Through Certificates, Series 2002-HE7, Cl. A2B, 4.71%, 11/25/35 2 $ 110,000 110,065 - ------------------------------------------------------------------------------------------------------------------------- Aesop Funding II LLC, Automobile Asset-Backed Certificates, Series 2005-1A, Cl. A2, 4.55%, 4/20/08 2 80,000 80,061 - ------------------------------------------------------------------------------------------------------------------------- BMW Vehicle Owner Trust, Automobile Loan Certificates, Series 2005-A, Cl. A2, 3.66%, 12/26/07 195,818 195,178 - ------------------------------------------------------------------------------------------------------------------------- Capital Auto Receivables Asset Trust, Automobile Mtg.-Backed Nts.: Series 2004-2, Cl. A3, 3.58%, 1/15/09 270,000 264,864 Series 2005-1, Cl. A2B, 3.73%, 7/16/07 81,999 81,894 - ------------------------------------------------------------------------------------------------------------------------- Capital One Prime Auto Receivables Trust, Automobile Loan Asset-Backed Securities, Series 2005-1, Cl. A2, 4.24%, 11/15/07 310,000 309,196 - ------------------------------------------------------------------------------------------------------------------------- Centex Home Equity Co. LLC, Home Equity Loan Asset-Backed Certificates: Series 2004-D, Cl. AF1, 2.98%, 4/25/20 13,998 13,953 Series 2005-B, Cl. AF1, 4.02%, 3/26/35 37,773 37,572 Series 2005-C, Cl. AF1, 4.196%, 6/25/35 115,831 115,154 Series 2005-D, Cl. AF1, 5.04%, 10/25/35 225,770 224,958 Series 2005-D, Cl. AV2, 4.80%, 10/25/35 2 220,000 220,130 - ------------------------------------------------------------------------------------------------------------------------- Chase Manhattan Auto Owner Trust, Automobile Loan Pass-Through Certificates, Series 2005-A, Cl. A2, 3.72%, 12/15/07 230,000 229,057 - ------------------------------------------------------------------------------------------------------------------------- CIT Equipment Collateral, Equipment Receivable-Backed Nts., Series 2004-DFS, Cl. A2, 2.66%, 11/20/06 70,439 70,296 - ------------------------------------------------------------------------------------------------------------------------- Citibank Credit Card Issuance Trust, Credit Card Receivable Nts., Series 2003-C4, Cl. C4, 5%, 6/10/15 40,000 39,037 - ------------------------------------------------------------------------------------------------------------------------- Citigroup Mortgage Loan Trust, Inc., CMO, Series 2005-WF2, Cl. AF2, 4.922%, 8/25/35 2 299,510 297,762 - ------------------------------------------------------------------------------------------------------------------------- Consumer Credit Reference Index Securities Program, Credit Card Asset-Backed 250,000 256,085 Certificates, Series 2002-B, Cl. FX, 10.421%, 3/22/07 3
3 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT VALUE - ------------------------------------------------------------------------------------------------------------------------- ASSET-BACKED SECURITIES CONTINUED - ------------------------------------------------------------------------------------------------------------------------- Countrywide Asset-Backed Certificates, Inc., Home Equity Asset-Backed Certificates: Series 2002-4, Cl. A1, 4.90%, 2/25/33 2 $ 4,125 $ 4,133 Series 2005-7, Cl. AF1B, 4.317%, 11/25/35 2 146,067 145,258 Series 2005-16, Cl. 2AF2, 5.382%, 5/25/36 2 80,000 80,000 Series 2005-17, Cl. 1AF1, 4.73%, 5/25/36 2 168,461 168,467 Series 2005-17, Cl. 1AF2, 5.363%, 5/25/36 2 50,000 49,878 - ------------------------------------------------------------------------------------------------------------------------- DaimlerChrysler Auto Trust, Automobile Loan Pass-Through Certificates: Series 2004-C, Cl. A2, 2.62%, 6/8/07 99,797 99,611 Series 2005-A, Cl. A2, 3.17%, 9/8/07 153,038 152,611 Series 2005-B, Cl. A2, 3.75%, 12/8/07 164,447 164,024 - ------------------------------------------------------------------------------------------------------------------------- Equity One ABS, Inc., Home Equity Asset-Backed Security, Series 2004-3, Cl. AF2, 3.80%, 7/25/34 2 194,706 194,001 - ------------------------------------------------------------------------------------------------------------------------- First Franklin Mortgage Loan Asset-Backed Certificates, Home Equity Receivables, Series 2005-FF10, Cl. A3, 4.74%, 11/25/35 2 330,000 330,195 - ------------------------------------------------------------------------------------------------------------------------- Ford Credit Auto Owner Trust, Automobile Loan Pass-Through Certificates: Series 2005-A, Cl. A3, 3.48%, 11/17/08 190,000 187,702 Series 2005-B, Cl. A2, 3.78%, 9/15/07 117,937 117,669 - ------------------------------------------------------------------------------------------------------------------------- GS Auto Loan Trust, Automobile Loan Asset-Backed Securities, Series 2005-1, Cl. A2, 4.32%, 5/15/08 590,000 588,268 - ------------------------------------------------------------------------------------------------------------------------- Honda Auto Receivables Owner Trust, Automobile Receivable Obligations: Series 2005-1, Cl. A2, 3.21%, 5/21/07 65,510 65,340 Series 2005-3, Cl. A2, 3.73%, 10/18/07 210,000 209,035 - ------------------------------------------------------------------------------------------------------------------------- Household Home Equity Loan Trust, Home Equity Loan Pass-Through Certificates, Series 2005-3, Cl. A1, 4.75%, 1/20/35 2 156,754 156,875 - ------------------------------------------------------------------------------------------------------------------------- Lehman XS Trust, Home Equity Mtg. Pass-Through Certificates, Series 2005-2, Cl. 2A1B, 3.63%, 8/25/35 2 246,990 246,804 - ------------------------------------------------------------------------------------------------------------------------- Litigation Settlement Monetized Fee Trust, Asset-Backed Certificates, Series 2001-1A, Cl. A1, 8.33%, 4/25/31 4 570,704 582,564 - ------------------------------------------------------------------------------------------------------------------------- MBNA Credit Card Master Note Trust, Credit Card Receivables, Series 2003-C7, Cl. C7, 5.82%, 3/15/16 2 360,000 383,526 - ------------------------------------------------------------------------------------------------------------------------- Onyx Acceptance Owner Trust, Automobile Receivable Obligations, Series 2005-B, Cl. A2, 4.03%, 4/15/08 168,848 168,352 - ------------------------------------------------------------------------------------------------------------------------- Popular ABS Mortgage Pass-Through Trust, Home Equity Pass-Through Certificates: Series 2004-5, Cl. A F2, 3.735%, 11/10/34 2 70,000 69,169 Series 2005-1, Cl. A F2, 3.914%, 5/25/35 2 60,000 59,190 Series 2005-2, Cl. A F2, 4.415%, 4/25/35 2 90,000 89,092 - ------------------------------------------------------------------------------------------------------------------------- Residential Asset Mortgage Products, Inc., Home Equity Asset-Backed Pass-Through Certificates, Series 2004-RS7, Cl. AI3, 4.45%, 7/25/28 170,000 169,058 - ------------------------------------------------------------------------------------------------------------------------- Structured Asset Securities Corp., CMO Pass-Through Certificates, Series 2005-4XS, Cl. 3A1, 5.18%, 3/26/35 314,780 314,272 - ------------------------------------------------------------------------------------------------------------------------- USAA Auto Owner Trust, Automobile Loan Asset-Backed Nts., Series 2004-3, Cl. A2, 2.79%, 6/15/07 38,719 38,682 - ------------------------------------------------------------------------------------------------------------------------- Volkswagen Auto Lease Trust, Automobile Lease Asset-Backed Securities: Series 2004-A, Cl. A2, 2.47%, 1/22/07 30,641 30,611 Series 2005-A, Cl. A2, 3.52%, 4/20/07 183,814 183,238
4 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT VALUE - ------------------------------------------------------------------------------------------------------------------------- ASSET-BACKED SECURITIES CONTINUED - ------------------------------------------------------------------------------------------------------------------------- Wachovia Auto Owner Trust, Automobile Receivable Nts., Series 2004-B, Cl. A2, 2.40%, 5/21/07 $ 12,275 $ 12,266 - ------------------------------------------------------------------------------------------------------------------------- Wells Fargo Home Equity Trust, Home Equity Asset-Backed Certificates, Series 2004-2, Cl. AI1B, 2.94%, 9/25/18 2 87,001 86,423 - ------------------------------------------------------------------------------------------------------------------------- WFS Financial Owner Trust, Automobile Receivable Obligations, Series 2002-2, Cl. A4, 4.50%, 2/20/10 46,090 46,112 - ------------------------------------------------------------------------------------------------------------------------- Whole Auto Loan Trust, Automobile Loan Receivable Certificates, Series 2004-1, Cl. A2A, 2.59%, 5/15/07 75,173 74,941 -------------- Total Asset-Backed Securities (Cost $7,826,719) 7,812,629 - ------------------------------------------------------------------------------------------------------------------------- MORTGAGE-BACKED OBLIGATIONS--29.3% - ------------------------------------------------------------------------------------------------------------------------- GOVERNMENT AGENCY--24.7% - ------------------------------------------------------------------------------------------------------------------------- FHLMC/FNMA/SPONSORED--24.5% Federal Home Loan Mortgage Corp.: 4.50%, 5/1/19 409,245 397,911 5%, 2/1/36 5 601,000 580,341 6%, 4/1/17-7/1/24 822,138 837,412 6.50%, 4/1/18-4/1/34 289,200 297,235 7%, 6/1/29-11/1/32 766,626 796,109 8%, 4/1/16 82,006 87,312 9%, 8/1/22-5/1/25 22,820 24,760 - ------------------------------------------------------------------------------------------------------------------------- Federal Home Loan Mortgage Corp., CMO Gtd. Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates: Series 2034, Cl. Z, 6.50%, 2/15/28 66,270 68,181 Series 2053, Cl. Z, 6.50%, 4/15/28 74,813 76,815 Series 2055, Cl. ZM, 6.50%, 5/15/28 103,748 106,187 Series 2075, Cl. D, 6.50%, 8/15/28 205,774 211,175 Series 2080, Cl. Z, 6.50%, 8/15/28 64,249 65,626 Series 2387, Cl. PD, 6%, 4/15/30 68,727 69,170 Series 2456, Cl. BD, 6%, 3/15/30 21,175 21,183 Series 2500, Cl. FD, 4.97%, 3/15/32 2 32,842 32,972 Series 2526, Cl. FE, 4.87%, 6/15/29 2 42,708 42,767 Series 2551, Cl. FD, 4.87%, 1/15/33 2 33,507 33,839 Series 2583, Cl. KA, 5.50%, 3/15/22 165,742 165,772 - ------------------------------------------------------------------------------------------------------------------------- Federal Home Loan Mortgage Corp., Interest-Only Stripped Mtg.-Backed Security: Series 176, Cl. IO, 12.042%, 6/1/26 6 61,642 13,208 Series 183, Cl. IO, 8.922%, 4/1/27 6 93,534 20,910 Series 184, Cl. IO, 14.982%, 12/1/26 6 102,561 20,643 Series 192, Cl. IO, 14.271%, 2/1/28 6 30,052 5,885 Series 200, Cl. IO, 12.563%, 1/1/29 6 35,300 7,776 Series 2003-118, Cl. S, 18.419%, 12/25/33 6 501,945 58,260 Series 2130, Cl. SC, 5.474%, 3/15/29 6 82,423 5,570 Series 2796, Cl. SD, 9.657%, 7/15/26 6 107,550 7,308 Series 2920, Cl. S, 10.264%, 1/15/35 6 673,857 33,717 Series 3000, Cl. SE, 16.402%, 7/15/25 6 656,089 24,218
5 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT VALUE - ------------------------------------------------------------------------------------------------------------------------- FHLMC/FNMA/SPONSORED CONTINUED Federal Home Loan Mortgage Corp., Principal-Only Stripped Mtg.-Backed Security, Series 176, Cl. PO, 4.728%, 6/1/26 7 $ 34,418 $ 29,066 - ------------------------------------------------------------------------------------------------------------------------- Federal National Mortgage Assn.: 5%, 6/1/18-7/1/18 646,592 640,089 5%, 2/1/36 5 3,774,000 3,646,628 5.50%, 2/1/33-11/1/34 4,688,169 4,649,154 5.50%, 2/1/21-2/1/36 5 5,163,000 5,118,015 6%, 7/1/16-11/1/32 1,666,163 1,701,404 6%, 2/1/36 5 2,008,000 2,028,080 6.50%, 3/1/26-10/1/30 85,026 87,575 6.50%, 2/1/36 5 2,702,000 2,770,393 7%, 11/1/17-2/25/22 365,125 374,836 7%, 2/1/36-3/1/36 5 2,516,000 2,614,604 7.50%, 1/1/08-1/1/33 89,204 93,502 8.50%, 7/1/32 7,410 8,029 - ------------------------------------------------------------------------------------------------------------------------- Federal National Mortgage Assn. Grantor Trust, CMO, Trust 2002-T1, Cl. A2, 7%, 11/25/31 226,442 233,926 - ------------------------------------------------------------------------------------------------------------------------- Federal National Mortgage Assn., CMO Gtd. Real Estate Mtg. Investment Conduit Pass-Through Certificates: Trust 1993-87, Cl. Z, 6.50%, 6/25/23 177,064 182,007 Trust 1996-35, Cl. Z, 7%, 7/25/26 263,241 273,238 Trust 1998-63, Cl. PG, 6%, 3/25/27 3,151 3,143 Trust 2001-50, Cl. NE, 6%, 8/25/30 38,442 38,636 Trust 2001-51, Cl. OD, 6.50%, 10/25/31 257,823 264,727 Trust 2001-70, Cl. LR, 6%, 9/25/30 46,163 46,433 Trust 2001-72, Cl. NH, 6%, 4/25/30 27,656 27,787 Trust 2001-74, Cl. PD, 6%, 5/25/30 10,281 10,282 Trust 2002-77, Cl. WF, 4.87%, 12/18/32 2 51,166 51,568 Trust 2004-38, Cl. FT, 4.96%, 10/25/33 2 665,869 667,493 Trust 2004-101, Cl. BG, 5%, 1/25/20 236,000 231,398 Trust 2005-30, Cl. UG, 5%, 4/25/35 528,000 493,321 Trust 2005-71, Cl. DB, 4.50%, 8/25/25 160,000 149,639 - ------------------------------------------------------------------------------------------------------------------------- Federal National Mortgage Assn., CMO Gtd. Real Estate Mtg. Investment Conduit Pass-Through Certificates, Interest-Only Stripped Mtg.-Backed Security: Trust 1993-223, Cl. PM, (0.028)%, 10/25/23 6 56,621 5,522 Trust 2002-38, Cl. SO, 0.933%, 4/25/32 6 78,983 4,906 Trust 2002-47, Cl. NS, 6.308%, 4/25/32 6 128,571 11,109 Trust 2002-51, Cl. S, 6.468%, 8/25/32 6 118,116 10,028 Trust 2002-77, Cl. IS, 3.56%, 12/18/32 6 134,564 12,564 - ------------------------------------------------------------------------------------------------------------------------- Federal National Mortgage Assn., Interest-Only Stripped Mtg.-Backed Security: Trust 222, Cl. 2, 13.001%, 6/1/23 6 214,544 50,858 Trust 240, Cl. 2, 16.446%, 9/1/23 6 334,240 75,442 Trust 247, Cl. 2, 14.346%, 10/1/23 6 356,835 81,126 Trust 252, Cl. 2, 6.974%, 11/1/23 6 159,080 36,253 Trust 273, Cl. 2, 14.402%, 8/1/26 6 46,346 9,902 Trust 319, Cl. 2, 11.542%, 2/1/32 6 65,224 15,176 Trust 321, Cl. 2, 6.867%, 4/1/32 6 639,857 148,850
6 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT VALUE - ------------------------------------------------------------------------------------------------------------------------- FHLMC/FNMA/SPONSORED CONTINUED Trust 329, Cl. 2, 10.901%, 1/1/33 6 $ 107,452 $ 24,138 Trust 331, Cl. 9, (12.308)%, 2/1/33 6 176,795 39,091 Trust 333, Cl. 2, 11.527%, 4/1/33 6 1,634,672 371,096 Trust 334, Cl. 17, 3.181%, 2/1/33 6 106,053 23,594 Trust 338, Cl. 2, 9.928%, 7/1/33 6 883,627 199,511 Trust 350, Cl. 2, 12.109%, 3/1/34 6 723,319 161,755 Trust 2001-65, Cl. S, 18.645%, 11/25/31 6 296,386 25,616 Trust 2001-81, Cl. S, 8.212%, 1/25/32 6 64,972 5,413 Trust 2002-9, Cl. MS, 7.165%, 3/25/32 6 91,667 8,136 Trust 2002-52, Cl. SD, (0.547)%, 9/25/32 6 143,305 13,348 Trust 2002-77, Cl. SH, 10.436%, 12/18/32 6 84,753 7,110 Trust 2002-96, Cl. SK, 19.513%, 4/25/32 6 775,086 69,432 Trust 2003-4, Cl. S, 18.162%, 2/25/33 6 164,022 16,340 Trust 2004-54, Cl. DS, 4.268%, 11/25/30 6 120,133 6,760 Trust 2005-6, Cl. SE, 5.40%, 2/25/35 6 445,244 22,301 Trust 2005-19, Cl. SA, 4.787%, 3/25/35 6 1,787,745 101,948 Trust 2005-40, Cl. SA, 5.59%, 5/25/35 6 384,521 20,992 Trust 2005-71, Cl. SA, 16.022%, 8/25/25 6 412,640 22,799 - ------------------------------------------------------------------------------------------------------------------------- Federal National Mortgage Assn., Principal-Only Stripped Mtg.-Backed Security, Trust 1993-184, Cl. M, 5.842%, 9/25/23 7 70,060 59,674 -------------- 32,208,025 - ------------------------------------------------------------------------------------------------------------------------- GNMA/GUARANTEED--0.2% Government National Mortgage Assn.: 7%, 4/15/09-2/15/24 116,870 121,988 7.50%, 3/15/09 67,863 70,402 8%, 5/15/17 47,684 51,074 8.50%, 8/15/17-12/15/17 29,748 32,102 - ------------------------------------------------------------------------------------------------------------------------- Government National Mortgage Assn., Interest-Only Stripped Mtg.- Backed Security: Series 2001-21, Cl. SB, 2.175%, 1/16/27 6 199,908 12,508 Series 2002-76, Cl. SY, 1.428%, 12/16/26 6 269,909 16,593 Series 2004-11, Cl. SM, (1.535)%, 1/17/30 6 98,187 5,866 -------------- 310,533 NON-AGENCY--4.6% - ------------------------------------------------------------------------------------------------------------------------- COMMERCIAL--4.2% Banc of America Commercial Mortgage, Inc., Commercial Mtg. Pass-Through Certificates: Series 2004-6, Cl. A3, 4.512%, 12/10/42 210,000 202,604 Series 2005-2, Cl. A4, 4.783%, 7/10/43 2 280,000 273,569 Series 2005-3, Cl. A2, 4.501%, 7/10/43 230,000 223,924 - ------------------------------------------------------------------------------------------------------------------------- Banc of America Funding Corp., CMO Pass-Through Certificates, Series 2004-2, 190,573 190,182 Cl. 2A1, 6.50%, 7/20/32
7 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT VALUE - ------------------------------------------------------------------------------------------------------------------------- COMMERCIAL CONTINUED Banc of America Mortgage Securities, Inc., CMO Pass-Through Certificates: Series 2004-8, Cl. 5A1, 6.50%, 5/25/32 $ 155,460 $ 157,841 Series 2005-E, Cl. 2A2, 4.981%, 6/25/35 2 45,651 45,414 - ------------------------------------------------------------------------------------------------------------------------- Bear Stearns Commercial Mortgage Securities, Inc., Commercial Mtg. Obligations, Series 2005-PWR7, Cl. A2, 4.945%, 2/11/41 100,000 98,446 - ------------------------------------------------------------------------------------------------------------------------- Citigroup/Deutsche Bank Commercial Mortgage Trust, Commercial Mtg. Obligations, Series 2005-CD1, Cl. A4, 5.225%, 7/15/44 2 260,000 260,798 - ------------------------------------------------------------------------------------------------------------------------- Countrywide Alternative Loan Trust, CMO, Series 2004-J9, Cl. 1A1, 4.71%, 10/25/34 2 49,617 49,654 - ------------------------------------------------------------------------------------------------------------------------- First Chicago/Lennar Trust 1, Commercial Mtg. Pass-Through Certificates, Series 1997-CHL1, Cl. D, 7.70%, 4/29/39 2,3 170,000 170,850 - ------------------------------------------------------------------------------------------------------------------------- First Union National Bank/Lehman Brothers/Bank of America Commercial Mtg. Trust, Pass-Through Certificates, Series 1998-C2, Cl. A2, 6.56%, 11/18/35 124,770 128,045 - ------------------------------------------------------------------------------------------------------------------------- GE Capital Commercial Mortgage Corp., Commercial Mtg. Obligations: Series 2005-CA, Cl. A3, 4.578%, 6/10/48 90,000 87,238 Series 2005-C3, Cl. A2, 4.853%, 7/10/45 140,000 138,634 - ------------------------------------------------------------------------------------------------------------------------- GMAC Commercial Mortgage Securities, Inc., Commercial Mtg. Pass-Through Certificates: Series 1997-C1, Cl. A3, 6.869%, 7/15/29 68,231 69,621 Series 2004-C3, Cl. A4, 4.547%, 12/10/41 140,000 135,371 - ------------------------------------------------------------------------------------------------------------------------- Greenwich Capital Commercial Funding Corp., Commercial Mtg. Pass-Through Certificates: Series 2005-G G3, Cl. A2, 4.305%, 8/10/42 190,000 184,742 Series 2005-G G5, Cl. A2, 5.117%, 4/10/37 150,000 149,918 - ------------------------------------------------------------------------------------------------------------------------- GS Mortgage Securities Corp. II, Commercial Mtg. Pass-Through Certificates, Series 2004-C1, Cl. A1, 3.659%, 10/10/28 147,203 142,473 - ------------------------------------------------------------------------------------------------------------------------- JPMorgan Chase Commercial Mortgage Securities Corp., Commercial Mtg. Pass-Through Certificates, Series 2005-LDP2, Cl. A2, 4.575%, 7/15/42 60,000 58,637 - ------------------------------------------------------------------------------------------------------------------------- LB-UBS Commercial Mortgage Trust, Commercial Mtg. Pass-Through Certificates, Series 2005-C5, Cl. A2, 4.885%, 9/15/30 160,000 158,457 - ------------------------------------------------------------------------------------------------------------------------- Mastr Alternative Loan Trust, CMO Pass-Through Certificates: Series 2004-6, Cl. 10A1, 6%, 7/25/34 281,076 282,302 Series 2004-9, Cl. A3, 4.70%, 8/25/34 2 543,496 539,665 - ------------------------------------------------------------------------------------------------------------------------- Mastr Seasoned Securities Trust, Mtg. Pass-Through Certificates, Series 2004-2, Cl. A1, 6.50%, 8/25/32 396,307 400,023 - ------------------------------------------------------------------------------------------------------------------------- Nomura Asset Securities Corp., Commercial Mtg. Pass-Through Certificates, Series 1998-D6, Cl. A1B, 6.59%, 3/15/30 160,000 164,949 - ------------------------------------------------------------------------------------------------------------------------- Prudential Mortgage Capital Co. II LLC, Commercial Mtg. Pass-Through Certificates, Series PRU-HTG 2000-C1, Cl. A2, 7.306%, 10/6/15 192,000 209,049 - ------------------------------------------------------------------------------------------------------------------------- Residential Accredit Loans, Inc., Mtg. Asset-Backed Pass-Through Certificates, Series 2003-QS1, Cl. A2, 5.75%, 1/25/33 140,571 140,547 - ------------------------------------------------------------------------------------------------------------------------- Wachovia Bank Commercial Mortgage Trust, Commercial Mtg. Obligations: Series 2005-C17, Cl. A2, 4.782%, 3/15/42 300,000 295,832 Series 2005-C20, Cl. A5, 5.087%, 7/15/42 2 160,000 158,254 - ------------------------------------------------------------------------------------------------------------------------- Washington Mutual Mortgage Securities Corp., CMO Pass-Through Certificates, 180,879 180,692 Series 2005-AR5, Cl. A1, 4.679%, 5/25/35 2
8 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT VALUE - ------------------------------------------------------------------------------------------------------------------------- COMMERCIAL CONTINUED Wells Fargo Mortgage-Backed Securities Trust, CMO, Series 2004-DD, Cl. 2A1, 4.521%, 1/25/35 2 $ 177,201 $ 176,322 -------------- 5,474,053 - ------------------------------------------------------------------------------------------------------------------------- OTHER--0.1% JPMorgan Chase Commercial Mortgage Securities Corp., Commercial Mtg. Pass-Through Certificates, Series 2005-LDP4, Cl. A2, 4.79%, 10/15/42 200,000 196,811 - ------------------------------------------------------------------------------------------------------------------------- RESIDENTIAL--0.3% Countrywide Alternative Loan Trust, CMO, Series 2005-J1, Cl. 3A1, 6.50%, 8/25/32 412,328 419,544 -------------- Total Mortgage-Backed Obligations (Cost $38,933,917) 38,608,966 - ------------------------------------------------------------------------------------------------------------------------- U.S. GOVERNMENT OBLIGATIONS--5.1% - ------------------------------------------------------------------------------------------------------------------------- Federal Home Loan Bank Unsec. Bonds, 3.50%, 11/15/07 140,000 136,987 - ------------------------------------------------------------------------------------------------------------------------- Federal Home Loan Mortgage Corp. Unsec. Nts.: 3.625%, 9/15/06 1,065,000 1,057,898 4.125%, 7/12/10 250,000 243,314 4.375%, 11/16/07 100,000 99,309 4.625%, 2/21/08 95,000 94,763 6.625%, 9/15/09 240,000 254,183 - ------------------------------------------------------------------------------------------------------------------------- Federal National Mortgage Assn. Unsec. Nts.: 4%, 2/28/07 320,000 317,237 4.25%, 7/15/07 550,000 545,793 6%, 5/15/11 600,000 633,334 7.25%, 5/15/30 170,000 221,843 7.25%, 1/15/10 8 750,000 815,017 - ------------------------------------------------------------------------------------------------------------------------- Tennessee Valley Authority Bonds: 4.65%, 6/15/35 280,000 263,300 5.375%, 11/13/08 109,000 110,711 Series A, 6.79%, 5/23/12 950,000 1,047,977 - ------------------------------------------------------------------------------------------------------------------------- U.S. Treasury Bonds: 5.375%, 2/15/31 94,000 103,510 STRIPS, 4.96%, 2/15/16 9 171,000 107,792 - ------------------------------------------------------------------------------------------------------------------------- U.S. Treasury Nts.: 3.875%, 7/15/10 132,000 128,746 4.25%, 11/30/07-8/15/15 216,000 213,454 4.375%, 12/31/07-11/15/08 229,000 228,399 5%, 2/15/11 76,000 77,758 -------------- Total U.S. Government Obligations (Cost $6,812,732) 6,701,325 - ------------------------------------------------------------------------------------------------------------------------- FOREIGN GOVERNMENT OBLIGATIONS--0.2% - ------------------------------------------------------------------------------------------------------------------------- United Mexican States Nts., 7.50%, 1/14/12 (Cost $249,242) 235,000 261,908 - ------------------------------------------------------------------------------------------------------------------------- NON-CONVERTIBLE CORPORATE BONDS AND NOTES--13.0% - ------------------------------------------------------------------------------------------------------------------------- Aetna, Inc., 7.375% Sr. Unsec. Nts., 3/1/06 250,000 250,491 - ------------------------------------------------------------------------------------------------------------------------- Albertson's, Inc., 8% Sr. Unsec. Debs., 5/1/31 185,000 176,052 - ------------------------------------------------------------------------------------------------------------------------- Allied Waste North America, Inc., 8.875% Sr. Nts., Series B, 4/1/08 125,000 132,344 - ------------------------------------------------------------------------------------------------------------------------- Archer Daniels Midland Co., 5.375% Nts., 9/15/35 135,000 127,191 - ------------------------------------------------------------------------------------------------------------------------- AT&T Wireless Services, Inc., 8.125% Sr. Unsec. Nts., 5/1/12 180,000 207,186
9 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT VALUE - ------------------------------------------------------------------------------------------------------------------------- NON-CONVERTIBLE CORPORATE BONDS AND NOTES CONTINUED - ------------------------------------------------------------------------------------------------------------------------- Barclays Bank plc, 6.278% Bonds 2, 10 $ 220,000 $ 219,309 - ------------------------------------------------------------------------------------------------------------------------- Beazer Homes USA, Inc., 6.875% Sr. Unsec. Nts., 7/15/15 130,000 127,400 - ------------------------------------------------------------------------------------------------------------------------- British Sky Broadcasting Group plc, 8.20% Sr. Unsec. Nts., 7/15/09 125,000 136,210 - ------------------------------------------------------------------------------------------------------------------------- British Telecommunications plc, 8.875% Bonds, 12/15/30 115,000 151,741 - ------------------------------------------------------------------------------------------------------------------------- CenterPoint Energy, Inc., 7.25% Sr. Nts., Series B, 9/1/10 240,000 256,890 - ------------------------------------------------------------------------------------------------------------------------- Chancellor Media CCU, 8% Sr. Unsec. Nts., 11/1/08 240,000 254,858 - ------------------------------------------------------------------------------------------------------------------------- CIT Group, Inc., 7.75% Sr. Unsec. Unsub. Nts., 4/2/12 100,000 112,626 - ------------------------------------------------------------------------------------------------------------------------- Citigroup, Inc., 6.625% Unsec. Sub. Nts., 6/15/32 105,000 117,616 - ------------------------------------------------------------------------------------------------------------------------- Constellation Energy Group, Inc., 7.60% Unsec. Nts., 4/1/32 175,000 209,572 - ------------------------------------------------------------------------------------------------------------------------- Countrywide Financial Corp., 4.50% Nts., Series A, 6/15/10 270,000 261,766 - ------------------------------------------------------------------------------------------------------------------------- Cox Communications, Inc., 4.625% Unsec. Nts., 1/15/10 270,000 260,977 - ------------------------------------------------------------------------------------------------------------------------- Credit Suisse First Boston, Inc. (USA), 5.50% Nts., 8/15/13 250,000 253,357 - ------------------------------------------------------------------------------------------------------------------------- D.R. Horton, Inc.: 5.375% Sr. Unsec. Nts., 6/15/12 150,000 145,615 6.125% Nts., 1/15/14 115,000 115,042 - ------------------------------------------------------------------------------------------------------------------------- DaimlerChrysler NA Holdings Corp., 8% Nts., 6/15/10 230,000 251,238 - ------------------------------------------------------------------------------------------------------------------------- Dana Corp., 6.50% Unsec. Nts., 3/1/09 175,000 137,375 - ------------------------------------------------------------------------------------------------------------------------- Delhaize America, Inc., 9% Unsub. Debs., 4/15/31 170,000 200,456 - ------------------------------------------------------------------------------------------------------------------------- Dominion Resources, Inc., 8.125% Sr. Unsub. Nts., 6/15/10 235,000 259,794 - ------------------------------------------------------------------------------------------------------------------------- DTE Energy Co., 6.45% Sr. Unsub. Nts., 6/1/06 120,000 120,538 - ------------------------------------------------------------------------------------------------------------------------- EOP Operating LP, 8.10% Unsec. Nts., 8/1/10 205,000 225,844 - ------------------------------------------------------------------------------------------------------------------------- Federated Department Stores, Inc., 6.625% Sr. Unsec. Nts., 9/1/08 170,000 175,593 - ------------------------------------------------------------------------------------------------------------------------- FirstEnergy Corp.: 5.50% Sr. Unsub. Nts., Series A, 11/15/06 105,000 105,307 7.375% Sr. Unsub. Nts., Series C, 11/15/31 130,000 150,800 - ------------------------------------------------------------------------------------------------------------------------- Ford Motor Credit Co.: 5.80% Sr. Unsec. Nts., 1/12/09 325,000 295,068 7.375% Nts., 10/28/09 55,000 51,499 - ------------------------------------------------------------------------------------------------------------------------- France Telecom SA, 8.50% Sr. Unsec. Nts., 3/1/31 2 40,000 52,429 - ------------------------------------------------------------------------------------------------------------------------- Gap, Inc. (The): 6.90% Nts., 9/15/07 135,000 137,597 9.55% Unsub. Nts., 12/15/08 2 29,000 32,068 - ------------------------------------------------------------------------------------------------------------------------- General Mills, Inc., 3.875% Nts., 11/30/07 195,000 191,002 - ------------------------------------------------------------------------------------------------------------------------- General Motors Acceptance Corp.: 6.15% Nts., 4/5/07 410,000 401,784 8% Bonds, 11/1/31 190,000 194,263 - ------------------------------------------------------------------------------------------------------------------------- Goldman Sachs Group, Inc. (The), 5.70% Sr. Unsec. Nts., 9/1/12 380,000 387,695 - ------------------------------------------------------------------------------------------------------------------------- Harrah's Operating Co., Inc., 5.625% Sr. Unsec. Bonds, 6/1/15 135,000 132,211 - ------------------------------------------------------------------------------------------------------------------------- HBOS plc, 6.413% Sub. Bonds, Series A 2,3,10 200,000 199,257 - ------------------------------------------------------------------------------------------------------------------------- HCA, Inc., 7.125% Sr. Unsec. Nts., 6/1/06 125,000 126,363 - ------------------------------------------------------------------------------------------------------------------------- Hilton Hotels Corp., 8.25% Sr. Unsec. Nts., 2/15/11 155,000 169,907 - ------------------------------------------------------------------------------------------------------------------------- HSBC Finance Capital Trust IX, 5.911% Nts., 11/30/35 2 100,000 100,412 - ------------------------------------------------------------------------------------------------------------------------- HSBC Finance Corp., 4.75% Sr. Unsec. Nts., 7/15/13 165,000 158,265 - ------------------------------------------------------------------------------------------------------------------------- IPALCO Enterprises, Inc., 8.375% Sr. Sec. Nts., 11/14/08 2 110,000 116,325 - ------------------------------------------------------------------------------------------------------------------------- iStar Financial, Inc.: 5.125% Sr. Unsec. Nts., Series B, 4/1/11 85,000 83,208 5.15% Sr. Unsec. Nts., 3/1/12 100,000 97,034 - ------------------------------------------------------------------------------------------------------------------------- J.C. Penney Co., Inc. (Holding Co.), 7.40% Nts., 4/1/37 235,000 261,333 - ------------------------------------------------------------------------------------------------------------------------- JPMorgan Capital XV, 5.875% Nts., 3/15/35 180,000 177,126 - ------------------------------------------------------------------------------------------------------------------------- K. Hovnanian Enterprises, Inc., 6.50% Sr. Nts., 1/15/14 130,000 126,356
10 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT VALUE - ------------------------------------------------------------------------------------------------------------------------- NON-CONVERTIBLE CORPORATE BONDS AND NOTES CONTINUED - ------------------------------------------------------------------------------------------------------------------------- KB Home, 5.75% Sr. Unsec. Unsub. Nts., 2/1/14 $ 165,000 $ 156,253 - ------------------------------------------------------------------------------------------------------------------------- Kinder Morgan, Inc., 6.50% Sr. Unsec. Nts., 9/1/12 145,000 153,048 - ------------------------------------------------------------------------------------------------------------------------- Kraft Foods, Inc., 5.25% Nts., 6/1/07 160,000 160,238 - ------------------------------------------------------------------------------------------------------------------------- Kroger Co. (The), 6.80% Sr. Unsec. Nts., 4/1/11 300,000 314,798 - ------------------------------------------------------------------------------------------------------------------------- Lear Corp., 8.11% Sr. Unsec. Nts., Series B, 5/15/09 210,000 193,334 - ------------------------------------------------------------------------------------------------------------------------- Liberty Media Corp., 5.70% Sr. Unsec. Nts., 5/15/13 140,000 131,731 - ------------------------------------------------------------------------------------------------------------------------- Liberty Property Trust, 5.65% Sr. Nts., 8/15/14 130,000 130,767 - ------------------------------------------------------------------------------------------------------------------------- Marsh & McLennan Cos., Inc., 5.875% Sr. Unsec. Bonds, 8/1/33 170,000 161,357 - ------------------------------------------------------------------------------------------------------------------------- May Department Stores Co., 7.90% Unsec. Debs., 10/15/07 90,000 93,397 - ------------------------------------------------------------------------------------------------------------------------- MBNA Corp., 7.50% Sr. Nts., Series F, 3/15/12 200,000 224,282 - ------------------------------------------------------------------------------------------------------------------------- Merrill Lynch & Co., Inc., 5% Sr. Unsub. Nts., Series C, 2/3/14 265,000 259,617 - ------------------------------------------------------------------------------------------------------------------------- MetLife, Inc., 5.70% Sr. Unsec. Nts., 6/15/35 135,000 133,923 - ------------------------------------------------------------------------------------------------------------------------- MidAmerican Energy Holdings Co., 5.875% Sr. Unsec. Nts., 10/1/12 220,000 225,097 - ------------------------------------------------------------------------------------------------------------------------- Morgan Stanley, 6.60% Nts., 4/1/12 125,000 133,359 - ------------------------------------------------------------------------------------------------------------------------- National City Bank, 6.20% Sub. Nts., 12/15/11 17,000 17,907 - ------------------------------------------------------------------------------------------------------------------------- Nationwide Financial Services, Inc.: 5.90% Nts., 7/1/12 95,000 98,431 6.25% Sr. Unsec. Nts., 11/15/11 30,000 31,407 - ------------------------------------------------------------------------------------------------------------------------- NiSource Finance Corp., 7.875% Sr. Unsec. Nts., 11/15/10 190,000 210,044 - ------------------------------------------------------------------------------------------------------------------------- Park Place Entertainment Corp., 9.375% Sr. Unsec. Sub. Nts., 2/15/07 22,000 22,908 - ------------------------------------------------------------------------------------------------------------------------- Pemex Project Funding Master Trust, 5.75% Unsec. Unsub. Nts., Series 12, 12/15/15 3 215,000 212,796 - ------------------------------------------------------------------------------------------------------------------------- Petroleum Export Ltd. Cayman SPV, 4.623% Sr. Nts., Cl. A1, 6/15/10 3 395,000 391,005 - ------------------------------------------------------------------------------------------------------------------------- PF Export Receivables Master Trust, 3.748% Sr. Nts., Series B, 6/1/13 3 64,478 61,023 - ------------------------------------------------------------------------------------------------------------------------- Popular North America, Inc., 5.20% Nts., 12/12/07 265,000 264,514 - ------------------------------------------------------------------------------------------------------------------------- Portland General Electric Co., 8.125% First Mortgage Nts., 2/1/10 3 95,000 104,422 - ------------------------------------------------------------------------------------------------------------------------- Prudential Holdings LLC, 8.695% Bonds, Series C, 12/18/23 3 295,000 370,762 - ------------------------------------------------------------------------------------------------------------------------- Prudential Insurance Co. of America, 8.30% Nts., 7/1/25 260,000 332,206 - ------------------------------------------------------------------------------------------------------------------------- PSE&G Power LLC, 6.875% Sr. Unsec. Nts., 4/15/06 130,000 130,495 - ------------------------------------------------------------------------------------------------------------------------- PSEG Funding Trust I, 5.381% Nts., 11/16/07 130,000 130,045 - ------------------------------------------------------------------------------------------------------------------------- Safeway, Inc., 7.50% Sr. Unsec. Nts., 9/15/09 175,000 186,414 - ------------------------------------------------------------------------------------------------------------------------- SBC Communications, Inc., 5.30% Nts., 11/15/10 195,000 194,829 - ------------------------------------------------------------------------------------------------------------------------- Sempra Energy, 7.95% Sr. Unsec. Unsub. Nts., 3/1/10 235,000 257,834 - ------------------------------------------------------------------------------------------------------------------------- Simon Property Group LP, 5.375% Nts., 6/1/11 3 195,000 195,061 - ------------------------------------------------------------------------------------------------------------------------- Socgen Real Estate LLC, 7.64% Bonds 2,3,10 10,000 10,372 - ------------------------------------------------------------------------------------------------------------------------- Sprint Capital Corp., 8.75% Nts., 3/15/32 160,000 209,864 - ------------------------------------------------------------------------------------------------------------------------- Starwood Hotels & Resorts Worldwide, Inc., 7.375% Nts., 5/1/07 190,000 195,463 - ------------------------------------------------------------------------------------------------------------------------- TCI Communications, Inc., 9.80% Sr. Unsec. Debs., 2/1/12 245,000 292,998 - ------------------------------------------------------------------------------------------------------------------------- Time Warner Entertainment Co. LP, 8.375% Sr. Nts., 7/15/33 220,000 260,913 - ------------------------------------------------------------------------------------------------------------------------- Travelers Property Casualty Corp., 3.75% Sr. Unsec. Nts., 3/15/08 195,000 190,347 - ------------------------------------------------------------------------------------------------------------------------- TXU Energy Co., 6.125% Nts., 3/15/08 165,000 167,341 - ------------------------------------------------------------------------------------------------------------------------- Tyco International Group SA: 6.125% Unsec. Unsub. Nts., 11/1/08 225,000 229,864 6.125% Unsec. Unsub. Nts., 1/15/09 31,000 31,730 6.375% Sr. Unsec. Unsub. Nts., 2/15/06 165,000 165,076 - ------------------------------------------------------------------------------------------------------------------------- Univision Communications, Inc., 3.50% Sr. Unsec. Nts., 10/15/07 215,000 208,489 - ------------------------------------------------------------------------------------------------------------------------- Verizon Global Funding Corp.: 5.85% Nts., 9/15/35 135,000 127,728 7.25% Sr. Unsec. Unsub. Nts., 12/1/10 120,000 129,634
11 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT VALUE - ------------------------------------------------------------------------------------------------------------------------- NON-CONVERTIBLE CORPORATE BONDS AND NOTES CONTINUED - ------------------------------------------------------------------------------------------------------------------------- Vornado Realty LP, 5.625% Sr. Unsec. Unsub. Nts., 6/15/07 $ 260,000 $ 260,914 - ------------------------------------------------------------------------------------------------------------------------- Yum! Brands, Inc., 8.50% Sr. Unsec. Nts., 4/15/06 260,000 261,786 -------------- Total Non-Convertible Corporate Bonds and Notes (Cost $17,090,200) 17,060,213 - ------------------------------------------------------------------------------------------------------------------------- SHORT-TERM NOTES--3.0% - ------------------------------------------------------------------------------------------------------------------------- Federal Home Loan Bank, 4.34%, 2/1/06 (Cost $4,000,000) 4,000,000 4,000,000 - -------------------------------------------------------------------------------------------------------------------------- JOINT REPURCHASE AGREEMENTS--5.3% - -------------------------------------------------------------------------------------------------------------------------- Undivided interest of 0.90% in joint repurchase agreement (Principal Amount/Value $781,426,000, with a maturity value of $781,521,291) with UBS Warburg LLC, 4.39%, dated 1/31/06, to be repurchased at $7,014,855 on 2/1/06, collateralized by Federal Home Loan Mortgage Corp., 5%, 12/1/35, with a value of $799,056,396 (Cost $7,014,000) 7,014,000 7,014,000 - -------------------------------------------------------------------------------------------------------------------------- Total Investments, at Value (Cost $138,273,519) 112.8% 148,532,133 - -------------------------------------------------------------------------------------------------------------------------- Liabilities in Excess of Other Assets (12.8) (16,904,832) ------------------------------------ Net Assets 100.0% $ 131,627,301 ====================================
Footnotes to Statement of Investments 1. Non-income producing security. 2. Represents the current interest rate for a variable or increasing rate security. 3. 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 $1,971,633 or 1.50% of the Fund's net assets as of January 31, 2006. 4. Illiquid security. The aggregate value of illiquid securities as of January 31, 2006 was $582,564, which represents 0.44% of the Fund's net assets. See accompanying Notes to Quarterly Statement of Investments. 5. When-issued security or forward commitment to be delivered and settled after January 31, 2006. See accompanying Notes to Quarterly Statement of Investments. 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 $1,833,578 or 1.39% of the Fund's net assets as of January 31, 2006. 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 $88,740 or 0.07% of the Fund's net assets as of January 31, 2006. 8. 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 $239,071. See accompanying Notes to Quarterly Statement of Investments. 9. Zero coupon bond reflects effective yield on the date of purchase. 10. 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 January 31, 2006 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 $138,276,790 Federal tax cost of other investments (17,344,572) ------------- Total federal tax cost $120,932,218 ============= Gross unrealized appreciation $ 14,377,584 Gross unrealized depreciation (4,024,216) ------------- Net unrealized appreciation $ 10,353,368 ============= 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 may be valued primarily using dealer-supplied valuations or a portfolio pricing service authorized by the Board of Directors. 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 the Fund's assets are valued. In the absence of a sale, the security is valued at the last sale price on the 12 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - -------------------------------------------------------------------------------- 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, as 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 (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 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 January 31, 2006, the Fund had purchased $21,813,326 of securities issued on a when-issued basis or forward commitment and sold $4,986,815 of securities issued on a when-issued basis or forward commitment. In connection with its ability to purchase or sell securities on a when-issued basis, the Fund may enter into forward roll transactions with respect to mortgage-related securities. Forward roll transactions require the sale of securities for delivery in the current month, and a simultaneous agreement with the same counterparty to repurchase similar (same type, coupon and maturity) but not identical securities on a specified future date. The Fund records the incremental difference between the forward purchase and sale of each forward roll as realized gain (loss) on investments or as fee income in the case of such transactions that have an associated fee in lieu of a difference in the forward purchase and sale price. Risks of entering into forward roll transactions include the potential inability of the counterparty to meet the terms of the agreement; the potential of the Fund to receive inferior securities at redelivery as compared to the securities sold to the counterparty; counterparty credit risk; and the potential pay down speed variance between the mortgage-related pools. 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 in the annual and semiannual reports. 13 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS January 31, 2006 / 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. FUTURES CONTRACTS A futures contract is a commitment to buy or sell a specific amount of a commodity or financial 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 in the annual and semiannual reports. 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 in the annual and semiannual reports 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 in the annual and semiannual reports as the closing and expiration of futures contracts. The net change in unrealized appreciation and depreciation is reported in the Statement of Operations in the annual and semiannual reports. 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. As of January 31, 2006, the Fund had outstanding futures contracts as follows:
EXPIRATION NUMBER OF VALUATION AS OF UNREALIZED CONTRACT DESCRIPTION DATES CONTRACTS JANUARY 31, 2006 APPRECIATION - -------------------------------------------------------------------------------------------------------------- CONTRACTS TO PURCHASE U.S. Long Bonds 3/22/06 41 $ 4,626,594 $ 26,756 ------------- CONTRACTS TO SELL Euro-Bundesobligation, 10 yr. 3/8/06 7 1,024,388 4,233 U.S. Treasury Nts., 2 yr. 3/31/06 70 14,339,063 28,245 U.S. Treasury Nts., 5 yr. 3/22/06 39 4,123,641 16,242 U.S. Treasury Nts., 10 yr. 3/22/06 22 2,385,625 22,859 ------------- 71,579 ------------- $ 98,335 =============
14 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - -------------------------------------------------------------------------------- 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 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 in the annual and semiannual reports. Realized gains and losses are reported in the Statement of Operations in the annual and semiannual reports. 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 January 31, 2006 was as follows: CALL OPTIONS ----------------------------- NUMBER OF AMOUNT OF CONTRACTS PREMIUMS - ------------------------------------------------------------------------- Options outstanding as of October 31, 2005 127 $ 15,589 Options closed or expired (127) (15,589) ----------------------------- Options outstanding as of January 31, 2006 -- $ -- ============================= 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 unrealized gain (loss) related to the valuation of such contracts as well as the amount due to (owed by) the Fund at termination or settlement is combined and separately disclosed as an asset (liability) on the Statement of Assets and Liabilities in the annual and semiannual reports. The Fund also records any periodic payments received from (paid to) the counterparty under such contracts as realized gain (loss) on the Statement of Operations in the annual and semiannual reports. Total return swaps are subject to risks (if the counterparty fails to meet its obligations). As of January 31, 2006, the Fund had entered into the following total return swap agreements:
SWAP NOTIONAL TERMINATION UNREALIZED COUNTERPARTY SWAP DESCRIPTION AMOUNT DATE DEPRECIATION - ----------------------------------------------------------------------------------------------------------------------------------- Received or paid monthly. If the sum of the Lehman Brothers CMBS Index Payer Payment Amount and the Floating Rate Payer Payment Amount is positive, the Counterparty will pay such amount to the Fund. If the sums are negative, then the Fund Goldman Sachs shall pay the absolute value of such amount to the Group, Inc. (The) Counterparty. $ 1,000,000 6/1/06 $ 424
15 | Oppenheimer Disciplined Allocation Fund Oppenheimer Disciplined Allocation Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - -------------------------------------------------------------------------------- Abbreviations are as follows: CMBS Commercial Mortgage Backed Securities ILLIQUID SECURITIES As of January 31, 2006, investments in securities included issues that are illiquid. A security may 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 securities. Securities that are illiquid are marked with the applicable footnote on the Statement of Investments. 16 | Oppenheimer Disciplined Allocation Fund Oppenheimer Value Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ------------------------------------------------------------------------------------------------------------------------ COMMON STOCKS--97.2% - ------------------------------------------------------------------------------------------------------------------------ CONSUMER DISCRETIONARY--7.6% - ------------------------------------------------------------------------------------------------------------------------ MEDIA--7.6% Comcast Corp., Cl. A Special, Non-Vtg. 1 503,000 $ 13,943,160 - ------------------------------------------------------------------------------------------------------------------------ Liberty Global, Inc., Series A 1 1,379,946 29,530,844 - ------------------------------------------------------------------------------------------------------------------------ Liberty Global, Inc., Series C 1 2,723,681 55,072,830 - ------------------------------------------------------------------------------------------------------------------------ News Corp., Inc., Cl. A 1,504,200 23,706,192 -------------- 122,253,026 CONSUMER STAPLES--4.9% - ------------------------------------------------------------------------------------------------------------------------ BEVERAGES--0.5% Diageo plc, Sponsored ADR 127,000 7,622,540 - ------------------------------------------------------------------------------------------------------------------------ TOBACCO--4.4% Altria Group, Inc. 980,100 70,900,434 ENERGY--12.9% - ------------------------------------------------------------------------------------------------------------------------ ENERGY EQUIPMENT & SERVICES--0.6% Halliburton Co. 110,252 8,770,547 - ------------------------------------------------------------------------------------------------------------------------ OIL & GAS--12.3% BP plc, ADR 936,430 67,713,253 - ------------------------------------------------------------------------------------------------------------------------ Exxon Mobil Corp. 1,353,300 84,919,575 - ------------------------------------------------------------------------------------------------------------------------ TotalFinaElf SA, Sponsored ADR 336,100 46,492,713 -------------- 199,125,541 FINANCIALS--29.5% - ------------------------------------------------------------------------------------------------------------------------ CAPITAL MARKETS--5.3% UBS AG 786,075 85,524,960 - ------------------------------------------------------------------------------------------------------------------------ COMMERCIAL BANKS--9.6% Bank of America Corp. 341,278 15,094,726 - ------------------------------------------------------------------------------------------------------------------------ Wachovia Corp. 1,213,900 66,558,137 - ------------------------------------------------------------------------------------------------------------------------ Wells Fargo & Co. 1,186,110 73,965,820 -------------- 155,618,683 - ------------------------------------------------------------------------------------------------------------------------ DIVERSIFIED FINANCIAL SERVICES--7.2% Bear Stearns Cos., Inc. (The) 130,200 16,465,092 - ------------------------------------------------------------------------------------------------------------------------ Capital One Financial Corp. 354,100 29,496,530 - ------------------------------------------------------------------------------------------------------------------------ Citigroup, Inc. 1,506,666 70,180,502 -------------- 116,142,124 - ------------------------------------------------------------------------------------------------------------------------ INSURANCE--4.8% Everest Re Group Ltd. 168,200 16,256,530 - ------------------------------------------------------------------------------------------------------------------------ Genworth Financial, Inc., Cl. A 1,229,170 40,267,609 - ------------------------------------------------------------------------------------------------------------------------ Platinum Underwriters Holdings Ltd. 664,070 20,353,746 -------------- 76,877,885 - ------------------------------------------------------------------------------------------------------------------------ THRIFTS & MORTGAGE FINANCE--2.6% Countrywide Financial Corp. 622,640 20,821,082 - ------------------------------------------------------------------------------------------------------------------------ Freddie Mac 310,070 21,041,350 -------------- 41,862,432 HEALTH CARE--5.7% - ------------------------------------------------------------------------------------------------------------------------ PHARMACEUTICALS--5.7% Pfizer, Inc. 2,273,100 58,373,208 - ------------------------------------------------------------------------------------------------------------------------ Sanofi-Aventis SA, ADR 737,900 33,943,400 -------------- 92,316,608
1 | Oppenheimer Value Fund Oppenheimer Value Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ------------------------------------------------------------------------------------------------------------------------ INDUSTRIALS--8.6% - ------------------------------------------------------------------------------------------------------------------------ AEROSPACE & DEFENSE--6.3% Honeywell International, Inc. 468,500 $ 17,999,770 - ------------------------------------------------------------------------------------------------------------------------ Raytheon Co. 68,750 2,816,688 - ------------------------------------------------------------------------------------------------------------------------ United Technologies Corp. 1,396,600 81,519,542 -------------- 102,336,000 - ------------------------------------------------------------------------------------------------------------------------ COMMERCIAL SERVICES & SUPPLIES--2.3% Cendant Corp. 2,164,940 36,241,096 INFORMATION TECHNOLOGY--14.7% - ------------------------------------------------------------------------------------------------------------------------ COMPUTERS & PERIPHERALS--1.9% Hutchinson Technology, Inc. 1 564,900 15,636,432 - ------------------------------------------------------------------------------------------------------------------------ International Business Machines Corp. 187,750 15,264,075 -------------- 30,900,507 - ------------------------------------------------------------------------------------------------------------------------ SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT--0.4% ATI Technologies, Inc. 1 386,000 6,890,100 - ------------------------------------------------------------------------------------------------------------------------ SOFTWARE--12.4% Compuware Corp. 1 1,699,442 14,003,402 - ------------------------------------------------------------------------------------------------------------------------ Microsoft Corp. 2,722,460 76,637,249 - ------------------------------------------------------------------------------------------------------------------------ Novell, Inc. 1 2,081,940 20,278,096 - ------------------------------------------------------------------------------------------------------------------------ Synopsys, Inc. 1 2,091,600 46,245,276 - ------------------------------------------------------------------------------------------------------------------------ Take-Two Interactive Software, Inc. 1 2,648,525 42,005,607 -------------- 199,169,630 MATERIALS--4.2% - ------------------------------------------------------------------------------------------------------------------------ CHEMICALS--3.3% Dow Chemical Co. (The) 362,900 15,350,670 - ------------------------------------------------------------------------------------------------------------------------ Praxair, Inc. 714,380 37,633,538 -------------- 52,984,208 - ------------------------------------------------------------------------------------------------------------------------ METALS & MINING--0.9% Phelps Dodge Corp. 98,000 15,729,000 TELECOMMUNICATION SERVICES--1.9% - ------------------------------------------------------------------------------------------------------------------------ DIVERSIFIED TELECOMMUNICATION SERVICES--1.9% IDT Corp., Cl. B 1 1,237,203 15,279,457 - ------------------------------------------------------------------------------------------------------------------------ Sprint Nextel Corp. 673,400 15,414,126 -------------- 30,693,583 UTILITIES--7.2% - ------------------------------------------------------------------------------------------------------------------------ ELECTRIC UTILITIES--6.2% AES Corp. (The) 1 2,625,880 44,744,995 - ------------------------------------------------------------------------------------------------------------------------ CMS Energy Corp. 1 1,241,000 17,957,270 - ------------------------------------------------------------------------------------------------------------------------ PG&E Corp. 522,330 19,488,132 - ------------------------------------------------------------------------------------------------------------------------ Reliant Energy, Inc. 1 1,870,230 18,926,728 -------------- 101,117,125 - ------------------------------------------------------------------------------------------------------------------------ GAS UTILITIES--1.0% Sempra Energy 325,930 15,660,937 -------------- Total Common Stocks (Cost $1,421,882,768) 1,568,736,966
2 | Oppenheimer Value Fund Oppenheimer Value Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT VALUE - -------------------------------------------------------------------------------------------------------------------------- JOINT REPURCHASE AGREEMENTS--3.4% - -------------------------------------------------------------------------------------------------------------------------- Undivided interest of 7.05% in joint repurchase agreement (Principal Amount/Value $781,426,000, with a maturity value of $781,521,291) with UBS Warburg LLC, 4.39%, dated 1/31/06, to be repurchased at $55,111,720 on 2/1/06, collateralized by Federal Home Loan Mortgage Corp., 5%, 12/1/35, with a value of $799,056,396 (Cost $55,105,000) $ 55,105,000 $ 55,105,000 - -------------------------------------------------------------------------------------------------------------------------- Total Investments, at Value (Cost $1,476,987,768) 100.6% 1,623,841,966 - -------------------------------------------------------------------------------------------------------------------------- Liabilities in Excess of Other Assets (0.6) (10,335,390) -------------------------------------- Net Assets 100.0% $ 1,613,506,576 ======================================
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 January 31, 2006 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 $1,479,127,746 =============== Gross unrealized appreciation $ 174,261,660 Gross unrealized depreciation (29,547,440) --------------- Net unrealized appreciation $ 144,714,220 =============== 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 may be valued primarily using dealer-supplied valuations or a portfolio pricing service authorized by the Board of Directors. 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 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, as 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 (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). 3 | Oppenheimer Value Fund Oppenheimer Value Fund STATEMENT OF INVESTMENTS January 31, 2006 / Unaudited - -------------------------------------------------------------------------------- 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 in the annual and semiannual reports. 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. 4 | 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 January 31, 2006, 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., consisting of: Oppenheimer Disciplined Allocation Fund and Oppenheimer Value Fund By: /S/ John V. Murphy ---------------------------- John V. Murphy Principal Executive Officer Date: March 15, 2006 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: March 15, 2006 By: /S/ Brian W. Wixted ---------------------------- Brian W. Wixted Principal Financial Officer Date: March 15, 2006 EX-99.CERT 2 rq205_31507ex302.txt RQ205_31507EX302 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., consisting of: Oppenheimer Disciplined Allocation Fund and Oppenheimer Value Fund; 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: March 15, 2006 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., consisting of: Oppenheimer Disciplined Allocation Fund and Oppenheimer Value Fund; 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: March 15, 2006 -----END PRIVACY-ENHANCED MESSAGE-----