-----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, Sp8RijirRQJyLRNZk18i5zxgq+0FXGiktJVyv6yDVtwz+VEz47sSvEcvXzEpOO9i 7NdCN7sQPfh1xC4y4tlMiA== 0000935069-06-002754.txt : 20060929 0000935069-06-002754.hdr.sgml : 20060929 20060929124404 ACCESSION NUMBER: 0000935069-06-002754 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060731 FILED AS OF DATE: 20060929 DATE AS OF CHANGE: 20060929 EFFECTIVENESS DATE: 20060929 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: 061116384 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 S000007309 Oppenheimer Value Fund C000020080 A C000020081 B C000020082 C C000020083 N C000033091 Y N-Q 1 rq375_35008nq.txt RQ375_35008NQ.TXT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-3346 -------- Oppenheimer Series Fund, Inc. ----------------------------- (Exact name of registrant as specified in charter) 6803 South Tucson Way, Centennial, Colorado 80112-3924 ------------------------------------------------------ (Address of principal executive offices) (Zip code) Robert G. Zack, Esq. OppenheimerFunds, Inc. Two World Financial Center, New York, New York 10281-1008 --------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (303) 768-3200 -------------- Date of fiscal year end: October ------- Date of reporting period: 07/31/2006 ---------- ITEM 1. SCHEDULE OF INVESTMENTS. - -------------------------------------------------------------------------------- Oppenheimer Value Fund STATEMENT OF INVESTMENTS July 31, 2006 / Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------- COMMON STOCKS--93.5% - ---------------------------------------------------------------------------------------------------------------- CONSUMER DISCRETIONARY--6.8% - ---------------------------------------------------------------------------------------------------------------- MEDIA--6.8% Liberty Global, Inc., Series A 1,392,878 $ 30,434,384 - ---------------------------------------------------------------------------------------------------------------- Liberty Global, Inc., Series C 1 4,464,716 94,562,685 - ---------------------------------------------------------------------------------------------------------------- News Corp., Inc., Cl. A 539,100 10,372,284 ---------------- 135,369,353 - ---------------------------------------------------------------------------------------------------------------- CONSUMER STAPLES--8.1% - ---------------------------------------------------------------------------------------------------------------- FOOD & STAPLES RETAILING--1.4% Wal-Mart Stores, Inc. 612,800 27,269,600 - ---------------------------------------------------------------------------------------------------------------- FOOD PRODUCTS--2.4% ConAgra Foods, Inc. 2,231,456 47,976,304 - ---------------------------------------------------------------------------------------------------------------- TOBACCO--4.3% Altria Group, Inc. 1,068,700 85,463,939 - ---------------------------------------------------------------------------------------------------------------- ENERGY--8.9% - ---------------------------------------------------------------------------------------------------------------- ENERGY EQUIPMENT & SERVICES--0.5% Halliburton Co. 306,300 10,218,168 - ---------------------------------------------------------------------------------------------------------------- OIL & GAS--8.4% Exxon Mobil Corp. 2,172,400 147,158,376 - ---------------------------------------------------------------------------------------------------------------- TotalFinaElf SA, Sponsored ADR 290,200 19,800,346 ---------------- 166,958,722 - ---------------------------------------------------------------------------------------------------------------- FINANCIALS--30.3% - ---------------------------------------------------------------------------------------------------------------- CAPITAL MARKETS--6.5% Bear Stearns Cos., Inc. (The) 134,400 19,067,328 - ---------------------------------------------------------------------------------------------------------------- E*TRADE Financial Corp. 1 445,500 10,384,605 - ---------------------------------------------------------------------------------------------------------------- UBS AG 1,827,050 99,391,520 ---------------- 128,843,453 - ---------------------------------------------------------------------------------------------------------------- COMMERCIAL BANKS--4.4% Wachovia Corp. 1,614,300 86,574,909 - ---------------------------------------------------------------------------------------------------------------- CONSUMER FINANCE--4.1% Capital One Financial Corp. 1,057,700 81,813,095 - ---------------------------------------------------------------------------------------------------------------- DIVERSIFIED FINANCIAL SERVICES--4.3% Bank of America Corp. 1,651,278 85,090,355 - ---------------------------------------------------------------------------------------------------------------- INSURANCE--7.8% Everest Re Group Ltd. 944,900 89,396,989 - ---------------------------------------------------------------------------------------------------------------- Genworth Financial, Inc., Cl. A 1,366,070 46,856,201 - ---------------------------------------------------------------------------------------------------------------- Platinum Underwriters Holdings Ltd. 685,570 19,394,775 ---------------- 155,647,965 - ---------------------------------------------------------------------------------------------------------------- THRIFTS & MORTGAGE FINANCE--3.2% Countrywide Financial Corp. 1,018,740 36,501,454 - ---------------------------------------------------------------------------------------------------------------- Freddie Mac 480,470 27,799,994 ---------------- 64,301,448 - ---------------------------------------------------------------------------------------------------------------- HEALTH CARE--5.2% - ---------------------------------------------------------------------------------------------------------------- HEALTH CARE PROVIDERS & SERVICES--0.5% UnitedHealth Group, Inc. 203,900 9,752,537 - ---------------------------------------------------------------------------------------------------------------- PHARMACEUTICALS--4.7% Abbott Laboratories 212,300 10,141,571 - ---------------------------------------------------------------------------------------------------------------- Pfizer, Inc. 1,498,500 38,946,015
1 | Oppenheimer Value Fund - -------------------------------------------------------------------------------- Oppenheimer Value Fund STATEMENT OF INVESTMENTS July 31, 2006 / Unaudited - --------------------------------------------------------------------------------
SHARES VALUE - ---------------------------------------------------------------------------------------------------------------- PHARMACEUTICALS CONTINUED Sanofi-Aventis SA, ADR 955,600 $ 45,285,884 ---------------- 94,373,470 - ---------------------------------------------------------------------------------------------------------------- INDUSTRIALS--12.2% - ---------------------------------------------------------------------------------------------------------------- AEROSPACE & DEFENSE--5.4% Rockwell Collins, Inc. 174,400 9,307,728 - ---------------------------------------------------------------------------------------------------------------- United Technologies Corp. 1,585,700 98,614,683 ---------------- 107,922,411 - ---------------------------------------------------------------------------------------------------------------- COMMERCIAL SERVICES & SUPPLIES--1.0% Cendant Corp. 1,292,240 19,396,522 - ---------------------------------------------------------------------------------------------------------------- INDUSTRIAL CONGLOMERATES--5.8% Siemens AG, Sponsored ADR 1,427,700 115,258,221 - ---------------------------------------------------------------------------------------------------------------- INFORMATION TECHNOLOGY--9.9% - ---------------------------------------------------------------------------------------------------------------- COMPUTERS & PERIPHERALS--0.5% Hutchinson Technology, Inc. 1 564,900 10,196,445 - ---------------------------------------------------------------------------------------------------------------- INTERNET SOFTWARE & SERVICES--1.0% eBay, Inc. 1 786,345 18,927,324 - ---------------------------------------------------------------------------------------------------------------- SOFTWARE--8.4% Compuware Corp. 1 1,590,994 11,121,048 - ---------------------------------------------------------------------------------------------------------------- Microsoft Corp. 2,396,860 57,596,546 - ---------------------------------------------------------------------------------------------------------------- Novell, Inc. 1 3,587,540 23,283,135 - ---------------------------------------------------------------------------------------------------------------- Synopsys, Inc. 1 2,836,100 50,766,190 - ---------------------------------------------------------------------------------------------------------------- Take-Two Interactive Software, Inc. 1 2,258,125 24,184,519 ---------------- 166,951,438 - ---------------------------------------------------------------------------------------------------------------- MATERIALS--2.7% - ---------------------------------------------------------------------------------------------------------------- CHEMICALS--1.0% Praxair, Inc. 347,680 19,066,771 - ---------------------------------------------------------------------------------------------------------------- CONSTRUCTION MATERIALS--0.9% Cemex SA de CV, Sponsored ADR 654,800 18,543,936 - ---------------------------------------------------------------------------------------------------------------- METALS & MINING--0.8% Phelps Dodge Corp. 170,700 14,908,938 - ---------------------------------------------------------------------------------------------------------------- TELECOMMUNICATION SERVICES--3.6% - ---------------------------------------------------------------------------------------------------------------- DIVERSIFIED TELECOMMUNICATION SERVICES--0.8% IDT Corp., Cl. B 1 1,266,103 16,940,458 - ---------------------------------------------------------------------------------------------------------------- WIRELESS TELECOMMUNICATION SERVICES--2.8% Sprint Nextel Corp. 2,778,400 55,012,320 - ---------------------------------------------------------------------------------------------------------------- UTILITIES--5.8% - ---------------------------------------------------------------------------------------------------------------- ELECTRIC UTILITIES--0.5% Reliant Energy, Inc. 1 795,130 10,002,735 - ---------------------------------------------------------------------------------------------------------------- ENERGY TRADERS--2.0% AES Corp. (The) 1 2,045,880 40,631,177 - ---------------------------------------------------------------------------------------------------------------- MULTI-UTILITIES & UNREGULATED POWER--3.3% CMS Energy Corp. 1 1,527,800 21,404,478 - ---------------------------------------------------------------------------------------------------------------- PG&E Corp. 539,230 22,475,106 - ---------------------------------------------------------------------------------------------------------------- Sempra Energy 436,930 21,086,242 ---------------- 64,965,826 ---------------- Total Common Stocks (Cost $1,751,023,029) 1,858,377,840
2 | Oppenheimer Value Fund - -------------------------------------------------------------------------------- Oppenheimer Value Fund STATEMENT OF INVESTMENTS July 31, 2006 / Unaudited - --------------------------------------------------------------------------------
PRINCIPAL AMOUNT VALUE - ---------------------------------------------------------------------------------------------------------------- SHORT-TERM NOTES--0.7% - ---------------------------------------------------------------------------------------------------------------- Federal Home Loan Bank, 4.95%, 8/1/06 (Cost $15,300,000) $ 15,300,000 $ 15,300,000 - ---------------------------------------------------------------------------------------------------------------- JOINT REPURCHASE AGREEMENTS--4.5% - ---------------------------------------------------------------------------------------------------------------- Undivided interest of 7.03% in joint repurchase agreement (Principal Amount/Value $1,265,611,000, with a maturity value of $1,265,794,514) with UBS Warburg LLC, 5.22%, dated 7/31/06, to be repurchased at $89,025,907 on 8/1/06, collateralized by Federal National Mortgage Assn., 5%-6%, 4/1/35-12/1/35, with a value of $845,724,461 and Federal Home Loan Mortgage Corp., 5.50%, 5/1/35, with a value of $448,829,145 (Cost $89,013,000) 89,013,000 89,013,000 - ---------------------------------------------------------------------------------------------------------------- Total Investments, at Value (Cost $1,855,336,029) 98.7% 1,962,690,840 - ---------------------------------------------------------------------------------------------------------------- Other Assets Net of Liabilities 1.3 25,461,152 -------------------------------- Net Assets 100.0% $ 1,988,151,992 ================================
Footnote to Statement of Investments 1. Non-income producing security. FEDERAL TAX. The approximate aggregate cost of securities and other investments and the composition of unrealized appreciation and depreciation of securities and other investments for federal income tax purposes as of July 31, 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 $ 1,856,799,875 =============== Gross unrealized appreciation $ 175,930,298 Gross unrealized depreciation (70,039,333) --------------- Net unrealized appreciation $ 105,890,965 =============== 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 3 | Oppenheimer Value Fund - -------------------------------------------------------------------------------- Oppenheimer Value Fund STATEMENT OF INVESTMENTS July 31, 2006 / Unaudited - -------------------------------------------------------------------------------- "money market type" debt securities with remaining maturities of sixty days or less are valued at amortized cost (which approximates market value). FOREIGN CURRENCY TRANSLATION. The Fund's accounting records are maintained in U.S. dollars. The values of securities denominated in foreign currencies and amounts related to the purchase and sale of foreign securities and foreign investment income are translated into U.S. dollars as of the close of the New York Stock Exchange (the "Exchange"), normally 4:00 P.M. Eastern time, on each day the Exchange is open for business. Foreign exchange rates may be valued primarily using dealer supplied valuations or a portfolio pricing service authorized by the Board of Directors. 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 07/31/2006, 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. By: /s/ John V. Murphy --------------------------- John V. Murphy Principal Executive Officer Date: 09/14/2006 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: 09/14/2006 By: /s/ Brian W. Wixted --------------------------- Brian W. Wixted Principal Financial Officer Date: 09/14/2006 EX-99.CERT 2 rq375_35008cert302.txt RQ375_35008CERT302.TXT Exhibit 99.CERT Exhibit 99.CERT Section 302 Certifications CERTIFICATIONS I, John V. Murphy, certify that: 1. I have reviewed this report on Form N-Q of Oppenheimer Series Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of Directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. /s/ John V. Murphy - --------------------------- John V. Murphy Principal Executive Officer Date: 09/14/2006 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.; 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: 09/14/2006 -----END PRIVACY-ENHANCED MESSAGE-----