Top Ten Common Stock Industries | ||||
Oil, Gas & Consumable Fuels |
11.6 | % | ||
Commercial Banks |
9.2 | |||
Health Care Providers & Services |
6.8 | |||
Electric Utilities |
5.6 | |||
Insurance |
5.0 | |||
Chemicals |
5.0 | |||
Capital Markets |
4.9 | |||
Media |
4.5 | |||
Software |
4.3 | |||
Biotechnology |
4.2 |
Top Ten Common Stock Holdings | ||||
Chevron Corp. |
5.0 | % | ||
JPMorgan Chase & Co. |
3.0 | |||
MetLife, Inc. |
3.0 | |||
Ingersol-Rand plc |
2.9 | |||
Humana, Inc. |
2.9 | |||
Wells Fargo & Co. |
2.8 | |||
Ford Motor Co. |
2.7 | |||
Coca-Cola Co. (The) |
2.6 | |||
LyondellBasell Industries NV, Cl. A |
2.6 | |||
Viacom, Inc., Cl. B |
2.4 |
Beginning | Ending | Expenses | ||||||||||
Account | Account | Paid During | ||||||||||
Value | Value | 6 Months Ended | ||||||||||
November 1, 2010 | April 29, 2011 | April 29, 2011 | ||||||||||
Actual |
||||||||||||
Class A |
$ | 1,000.00 | $ | 1,175.50 | $ | 5.43 | ||||||
Class B |
1,000.00 | 1,170.30 | 10.10 | |||||||||
Class C |
1,000.00 | 1,171.30 | 9.41 | |||||||||
Class N |
1,000.00 | 1,173.70 | 6.99 | |||||||||
Class Y |
1,000.00 | 1,177.90 | 3.06 | |||||||||
Hypothetical |
||||||||||||
(5% return before expenses) | ||||||||||||
Class A |
1,000.00 | 1,019.68 | 5.04 | |||||||||
Class B |
1,000.00 | 1,015.39 | 9.39 | |||||||||
Class C |
1,000.00 | 1,016.03 | 8.74 | |||||||||
Class N |
1,000.00 | 1,018.25 | 6.49 | |||||||||
Class Y |
1,000.00 | 1,021.85 | 2.85 |
Class | Expense Ratios | |||
Class A |
1.01 | % | ||
Class B |
1.88 | |||
Class C |
1.75 | |||
Class N |
1.30 | |||
Class Y |
0.57 |
Shares | Value | |||||||
Common Stocks97.4% |
||||||||
Consumer Discretionary11.3% |
||||||||
Automobiles2.7% |
||||||||
Ford Motor Co.1 |
4,762,390 | $ | 73,674,173 | |||||
Household Durables1.9% |
||||||||
Mohawk Industries,
Inc.1 |
865,214 | 51,947,449 | ||||||
Media4.5% |
||||||||
Comcast Corp., Cl. A |
2,170,790 | 56,961,530 | ||||||
Viacom, Inc., Cl. B |
1,305,310 | 66,779,660 | ||||||
123,741,190 | ||||||||
Multiline Retail1.8% |
||||||||
Target Corp. |
983,370 | 48,283,467 | ||||||
Specialty Retail0.5% |
||||||||
Talbots, Inc. (The)1 |
2,646,223 | 14,236,680 | ||||||
Consumer Staples6.2% |
||||||||
Beverages2.6% |
||||||||
Coca-Cola Co. (The) |
1,080,820 | 72,912,117 | ||||||
Food & Staples Retailing1.4% |
||||||||
Walgreen Co. |
903,220 | 38,585,558 | ||||||
Household Products2.2% |
||||||||
Church & Dwight
Co., Inc. |
736,800 | 60,771,264 | ||||||
Energy11.6% |
||||||||
Oil, Gas & Consumable Fuels11.6% |
||||||||
Apache Corp. |
225,710 | 30,102,943 | ||||||
Chevron Corp. |
1,260,250 | 137,921,760 | ||||||
Exxon Mobil Corp. |
679,170 | 59,766,960 | ||||||
Penn West
Petroleum Ltd. |
993,100 | 25,433,291 | ||||||
Royal Dutch Shell
plc, ADR |
855,640 | 66,294,987 | ||||||
319,519,941 | ||||||||
Financials22.2% |
||||||||
Capital Markets4.9% |
||||||||
E*TRADE Financial
Corp.1 |
1,401,102 | 22,753,896 | ||||||
Goldman Sachs
Group, Inc. (The) |
322,460 | 48,694,685 | ||||||
State Street Corp. |
1,349,788 | 62,832,631 | ||||||
134,281,212 | ||||||||
Commercial Banks9.2% |
||||||||
CIT Group, Inc.1 |
1,076,190 | 45,695,027 | ||||||
M&T Bank Corp. |
603,310 | 53,314,505 | ||||||
PNC Financial
Services Group, Inc. |
620,060 | 38,654,540 | ||||||
U.S. Bancorp |
1,573,370 | 40,624,413 | ||||||
Wells Fargo & Co. |
2,633,849 | 76,671,344 | ||||||
254,959,829 | ||||||||
Diversified Financial Services3.0% |
||||||||
JPMorgan Chase
& Co. |
1,841,730 | 84,038,140 | ||||||
Insurance5.0% |
||||||||
ACE Ltd. |
838,485 | 56,388,116 | ||||||
MetLife, Inc. |
1,764,130 | 82,543,643 | ||||||
138,931,759 | ||||||||
Health Care15.0% |
||||||||
Biotechnology4.2% |
||||||||
Amgen, Inc.1 |
1,152,340 | 65,510,529 | ||||||
Gilead Sciences, Inc.1 |
1,278,910 | 49,672,864 | ||||||
115,183,393 | ||||||||
Health Care Equipment & Supplies2.0% |
||||||||
Medtronic, Inc. |
1,316,980 | 54,983,915 | ||||||
Health Care Providers & Services6.8% |
||||||||
HCA Holdings, Inc.1 |
1,477,330 | 48,456,424 | ||||||
Humana, Inc.1 |
1,033,510 | 78,670,781 | ||||||
WellPoint, Inc. |
780,700 | 59,949,953 | ||||||
187,077,158 | ||||||||
Pharmaceuticals2.0% |
||||||||
Pfizer, Inc. |
2,640,570 | 55,346,347 | ||||||
Industrials8.9% |
||||||||
Aerospace & Defense1.5% |
||||||||
AerCap Holdings NV1 |
2,919,283 | 41,804,133 | ||||||
Airlines1.5% |
||||||||
United Continental
Holdings, Inc.1 |
1,732,250 | 39,529,945 | ||||||
Electrical Equipment3.0% |
||||||||
Babcock &
Wilcox Co.1 |
1,050,170 | 32,985,840 | ||||||
Cooper Industries plc |
755,480 | 49,823,906 | ||||||
82,809,746 |
Shares | Value | |||||||
Machinery2.9% |
||||||||
Ingersoll-Rand plc |
1,599,720 | $ | 80,785,860 | |||||
Information Technology6.4% |
||||||||
Internet Software & Services1.0% |
||||||||
VeriSign, Inc. |
734,550 | 27,148,968 | ||||||
Semiconductors & Semiconductor Equipment1.1% |
||||||||
Xilinx, Inc. |
839,100 | 29,251,026 | ||||||
Software4.3% |
||||||||
Microsoft Corp. |
2,423,300 | 63,054,266 | ||||||
Oracle Corp. |
1,584,090 | 57,106,445 | ||||||
120,160,711 | ||||||||
Materials7.8% |
||||||||
Chemicals5.0% |
||||||||
Celanese Corp.,
Series A |
1,330,314 | 66,409,275 | ||||||
LyondellBasell
Industries NV,
Cl. A1 |
1,609,538 | 71,624,441 | ||||||
138,033,716 | ||||||||
Containers & Packaging1.5% |
||||||||
Rock-Tenn Co., Cl. A |
596,620 | 41,208,543 | ||||||
Metals & Mining1.3% |
||||||||
Allegheny
Technologies, Inc. |
480,360 | 34,585,920 | ||||||
Telecommunication Services2.0% |
||||||||
Diversified Telecommunication Services1.0% |
||||||||
AT&T, Inc. |
943,800 | 29,371,056 | ||||||
Wireless Telecommunication Services1.0% |
||||||||
Vodafone Group plc,
Sponsored ADR |
918,950 | 26,759,824 | ||||||
Utilities6.0% |
||||||||
Electric Utilities5.6% |
||||||||
American Electric
Power Co., Inc. |
683,660 | 24,939,917 | ||||||
Edison
International, Inc. |
1,534,330 | 60,253,139 | ||||||
Entergy Corp. |
891,930 | 62,185,360 | ||||||
PPL Corp. |
241,430 | 6,622,425 | ||||||
154,000,841 | ||||||||
Multi-Utilities0.4% |
||||||||
NiSource, Inc. |
614,680 | 11,955,526 | ||||||
Total Common Stocks
(Cost $2,260,668,663) |
2,685,879,407 | |||||||
Investment Company5.3% |
||||||||
Oppenheimer
Institutional Money
Market Fund,
Cl. E, 0.19%2,3
(Cost $147,043,138) |
147,043,138 | 147,043,138 | ||||||
Total Investments,
at Value (Cost $2,407,711,801) |
102.7 | % | 2,832,922,545 | |||||
Liabilities in
Excess of Other
Assets |
(2.7 | ) | (74,715,466 | ) | ||||
Net Assets |
100.0 | % | $ | 2,758,207,079 | ||||
* | April 29, 2011 represents the last business day of the Funds semiannual period. See Note 1 of the accompanying Notes. | |
1. | Non-income producing security. | |
2. | Is or was an affiliate, as defined in the Investment Company Act of 1940, at or during the period ended April 29, 2011, by virtue of the Fund owning at least 5% of the voting securities of the issuer or as a result of the Fund and the issuer having the same investment adviser. Transactions during the period in which the issuer was an affiliate are as follows: |
Shares | Gross | Gross | Shares | |||||||||||||||||||||
October 29, 2010a | Additions | Reductions | April 29, 2011 | |||||||||||||||||||||
Oppenheimer
Institutional
Money Market
Fund, Cl. E |
57,718,808 | 675,861,199 | 586,536,869 | 147,043,138 | ||||||||||||||||||||
Value | Income | |||||||||||||||||||||||
Oppenheimer Institutional Money Market
Fund, Cl. E |
$ | 147,043,138 | $ | 69,002 |
a. | October 29, 2010 represents the last business day of the Funds 2010 fiscal year. See Note 1 of the accompanying Notes. | |
3. | Rate shown is the 7-day yield as of April 29, 2011. |
1) | Level 1unadjusted quoted prices in active markets for identical assets or liabilities (including securities actively traded on a securities exchange) | ||
2) | Level 2inputs other than unadjusted quoted prices that are observable for the asset or liability (such as unadjusted quoted prices for similar assets and market corroborated inputs such as interest rates, prepayment speeds, credit risks, etc.) | ||
3) | Level 3significant unobservable inputs (including the Managers own judgments about assumptions that market participants would use in pricing the asset or liability). |
Level 2 | ||||||||||||||||
Level 1 | Other | Level 3 | ||||||||||||||
Unadjusted | Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | ||||||||||||||
Prices | Inputs | Inputs | Value | |||||||||||||
Assets Table |
||||||||||||||||
Investments, at Value: |
||||||||||||||||
Common Stocks |
||||||||||||||||
Consumer Discretionary |
$ | 311,882,959 | $ | | $ | | $ | 311,882,959 | ||||||||
Consumer Staples |
172,268,939 | | | 172,268,939 | ||||||||||||
Energy |
319,519,941 | | | 319,519,941 | ||||||||||||
Financials |
612,210,940 | | | 612,210,940 | ||||||||||||
Health Care |
412,590,813 | | | 412,590,813 | ||||||||||||
Industrials |
244,929,684 | | | 244,929,684 | ||||||||||||
Information Technology |
176,560,705 | | | 176,560,705 | ||||||||||||
Materials |
213,828,179 | | | 213,828,179 | ||||||||||||
Telecommunication Services |
56,130,880 | | | 56,130,880 | ||||||||||||
Utilities |
165,956,367 | | | 165,956,367 | ||||||||||||
Investment Company |
147,043,138 | | | 147,043,138 | ||||||||||||
Total Assets |
$ | 2,832,922,545 | $ | | $ | | $ | 2,832,922,545 | ||||||||
April 29, 20111 | ||||
Assets |
||||
Investments, at valuesee accompanying statement of investments: |
||||
Unaffiliated companies (cost $2,260,668,663) |
$ | 2,685,879,407 | ||
Affiliated companies (cost $147,043,138) |
147,043,138 | |||
2,832,922,545 | ||||
Cash |
24,177 | |||
Receivables and other assets: |
||||
Investments sold |
62,945,019 | |||
Dividends |
1,926,771 | |||
Shares of capital stock sold |
1,652,443 | |||
Other |
167,612 | |||
Total assets |
2,899,638,567 | |||
Liabilities |
||||
Payables and other liabilities: |
||||
Investments purchased |
137,796,020 | |||
Shares of capital stock redeemed |
2,607,913 | |||
Transfer and shareholder servicing agent fees |
347,892 | |||
Directors compensation |
323,073 | |||
Distribution and service plan fees |
245,405 | |||
Shareholder communications |
72,122 | |||
Other |
39,063 | |||
Total liabilities |
141,431,488 | |||
Net Assets |
$ | 2,758,207,079 | ||
Composition of Net Assets |
||||
Par value of shares of capital stock |
$ | 114,551 | ||
Additional paid-in capital |
3,144,103,679 | |||
Accumulated net investment income |
2,821,892 | |||
Accumulated net realized loss on investments and foreign currency transactions |
(814,043,787 | ) | ||
Net unrealized appreciation on investments |
425,210,744 | |||
Net Assets |
$ | 2,758,207,079 | ||
Net Asset Value Per Share | ||||
Class A Shares: |
||||
Net asset value and redemption price per share (based on net
assets of $833,276,849
and 34,861,203 shares of capital stock outstanding) |
$ | 23.90 | ||
Maximum offering price per share (net asset value plus sales charge of 5.75% of offering price) |
$ | 25.36 | ||
Class B Shares: |
||||
Net asset value, redemption price (excludes applicable contingent deferred sales charge)
and offering price per share (based on net assets of $51,076,542 and 2,185,108 shares
of capital stock outstanding) |
$ | 23.37 | ||
Class C Shares: |
||||
Net asset value, redemption price (excludes applicable contingent deferred sales charge)
and offering price per share (based on net assets of $177,832,203 and 7,763,839 shares
of capital stock outstanding) |
$ | 22.91 | ||
Class N Shares: |
||||
Net asset value, redemption price (excludes applicable contingent deferred sales charge)
and offering price per share (based on net assets of $113,437,909 and 4,837,584 shares
of capital stock outstanding) |
$ | 23.45 | ||
Class Y Shares: |
||||
Net asset value, redemption price and offering price per share (based on net assets of
$1,582,583,576 and 64,903,134 shares of capital stock outstanding) |
$ | 24.38 |
1. | April 29, 2011 represents the last business day of the Funds semiannual period. See Note 1 of the accompanying Notes. |
For the Six Months Ended April 29, 20111 | ||||
Investment Income |
||||
Dividends: |
||||
Unaffiliated companies (net of foreign
withholding taxes of $124,991) |
$ | 23,203,678 | ||
Affiliated companies |
69,002 | |||
Interest |
1,497 | |||
Total investment income |
23,274,177 | |||
Expenses |
||||
Management fees |
6,080,883 | |||
Distribution and service plan fees: |
||||
Class A |
983,464 | |||
Class B |
255,892 | |||
Class C |
841,249 | |||
Class N |
273,502 | |||
Transfer and shareholder servicing agent fees: |
||||
Class A |
1,072,238 | |||
Class B |
135,233 | |||
Class C |
212,797 | |||
Class N |
175,138 | |||
Class Y |
590,108 | |||
Shareholder communications: |
||||
Class A |
72,662 | |||
Class B |
14,808 | |||
Class C |
17,354 | |||
Class N |
4,737 | |||
Class Y |
71,094 | |||
Directors compensation |
24,387 | |||
Accounting service fees |
7,500 | |||
Custodian fees and expenses |
6,978 | |||
Administration service fees |
750 | |||
Other |
31,753 | |||
Total expenses |
10,872,527 | |||
Less waivers and reimbursements of expenses |
(80,124 | ) | ||
Net expenses |
10,792,403 | |||
Net Investment Income |
12,481,774 |
Realized and Unrealized Gain |
||||
Net realized gain on: |
||||
Investments from unaffiliated companies |
$ | 335,561,865 | ||
Foreign currency transactions |
3,145 | |||
Net realized gain |
335,565,010 | |||
Net change in unrealized appreciation/depreciation on investments |
71,495,512 | |||
Net Increase in Net Assets Resulting from Operations |
$ | 419,542,296 | ||
1. | April 29, 2011 represents the last business day of the Funds semiannual period. See Note 1 of the accompanying Notes. |
Six Months | Year | |||||||
Ended | Ended | |||||||
April 29, 20111 | October 29, | |||||||
(Unaudited) | 20101 | |||||||
Operations |
||||||||
Net investment income |
$ | 12,481,774 | $ | 17,587,015 | ||||
Net realized gain |
335,565,010 | 124,278,213 | ||||||
Net change in unrealized appreciation/depreciation |
71,495,512 | 125,150,506 | ||||||
Net increase in net assets resulting from operations |
419,542,296 | 267,015,734 | ||||||
Dividends and/or Distributions to Shareholders |
||||||||
Dividends from net investment income: |
||||||||
Class A |
(5,662,297 | ) | (12,136,485 | ) | ||||
Class B |
| (413,989 | ) | |||||
Class C |
(84,871 | ) | (1,421,294 | ) | ||||
Class N |
(498,330 | ) | (1,461,413 | ) | ||||
Class Y |
(15,806,597 | ) | (14,996,199 | ) | ||||
(22,052,095 | ) | (30,429,380 | ) | |||||
Capital Stock Transactions |
||||||||
Net increase (decrease) in net assets resulting from capital stock transactions: |
||||||||
Class A |
(65,349,882 | ) | (124,287,989 | ) | ||||
Class B |
(8,646,092 | ) | (15,538,109 | ) | ||||
Class C |
(8,875,967 | ) | (19,647,143 | ) | ||||
Class N |
(14,042,661 | ) | (11,181,581 | ) | ||||
Class Y |
41,373,946 | 333,471,366 | ||||||
(55,540,656 | ) | 162,816,544 | ||||||
Net Assets |
||||||||
Total increase |
341,949,545 | 399,402,898 | ||||||
Beginning of period |
2,416,257,534 | 2,016,854,636 | ||||||
End of period (including accumulated net investment income of
$2,821,892 and $12,392,213, respectively) |
$ | 2,758,207,079 | $ | 2,416,257,534 | ||||
1. | April 29, 2011 and October 29, 2010 represent the last business day of the Funds respective reporting periods. See Note 1 of the accompanying Notes. |
Six Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
April 29, 20111 | Year Ended October 31, | |||||||||||||||||||||||
Class A | (Unaudited) | 20101 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
Per Share Operating Data |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 20.48 | $ | 18.56 | $ | 16.11 | $ | 29.39 | $ | 26.08 | $ | 23.79 | ||||||||||||
Income (loss) from investment operations: |
||||||||||||||||||||||||
Net investment income2 |
.09 | .12 | .23 | .31 | .28 | .25 | ||||||||||||||||||
Net realized and unrealized gain (loss) |
3.48 | 2.08 | 2.49 | (11.44 | ) | 4.10 | 3.24 | |||||||||||||||||
Total from investment operations |
3.57 | 2.20 | 2.72 | (11.13 | ) | 4.38 | 3.49 | |||||||||||||||||
Dividends and/or distributions
to shareholders: |
||||||||||||||||||||||||
Dividends from net investment income |
(.15 | ) | (.28 | ) | (.27 | ) | (.25 | ) | (.21 | ) | (.17 | ) | ||||||||||||
Distributions from net realized gain |
| | | (1.90 | ) | (.86 | ) | (1.03 | ) | |||||||||||||||
Total dividends and/or distributions
to shareholders |
(.15 | ) | (.28 | ) | (.27 | ) | (2.15 | ) | (1.07 | ) | (1.20 | ) | ||||||||||||
Net asset value, end of period |
$ | 23.90 | $ | 20.48 | $ | 18.56 | $ | 16.11 | $ | 29.39 | $ | 26.08 | ||||||||||||
Total Return, at Net Asset Value3 |
17.55 | % | 11.93 | % | 17.50 | % | (40.58 | )% | 17.37 | % | 15.20 | % | ||||||||||||
Ratios/Supplemental Data |
||||||||||||||||||||||||
Net assets, end of period (in thousands) |
$ | 833,277 | $ | 774,741 | $ | 822,406 | $ | 969,240 | $ | 1,747,318 | $ | 1,282,691 | ||||||||||||
Average net assets (in thousands) |
$ | 803,663 | $ | 804,972 | $ | 786,984 | $ | 1,514,969 | $ | 1,504,682 | $ | 1,052,054 | ||||||||||||
Ratios to average net assets:4 |
||||||||||||||||||||||||
Net investment income |
0.81 | % | 0.64 | % | 1.47 | % | 1.35 | % | 1.01 | % | 1.03 | % | ||||||||||||
Total expenses5 |
1.01 | % | 1.06 | % | 1.12 | % | 0.94 | % | 0.89 | % | 0.93 | % | ||||||||||||
Expenses after payments, waivers and/or
reimbursements and reduction to
custodian expenses |
1.01 | % | 1.06 | % | 1.10 | % | 0.94 | % | 0.89 | % | 0.93 | % | ||||||||||||
Portfolio turnover rate |
60 | % | 99 | % | 132 | % | 157 | % | 130 | % | 101 | % |
1. | April 29, 2011 and October 29, 2010 represent the last business day of the Funds respective reporting periods. See Note 1 of the accompanying Notes. | |
2. | Per share amounts calculated based on the average shares outstanding during the period. | |
3. | Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. | |
4. | Annualized for periods less than one full year. | |
5. | Total expenses including indirect expenses from affiliated fund were as follows: |
Six Months Ended April 29, 2011 |
1.01 | % | ||
Year Ended October 29, 2010 |
1.06 | % | ||
Year Ended October 31, 2009 |
1.12 | % | ||
Year Ended October 31, 2008 |
0.94 | % | ||
Year Ended October 31, 2007 |
0.89 | % | ||
Year Ended October 31, 2006 |
0.93 | % |
Six Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
April 29, 20111 | Year Ended October 31, | |||||||||||||||||||||||
Class B | (Unaudited) | 20101 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
Per Share Operating Data |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 19.97 | $ | 18.11 | $ | 15.60 | $ | 28.51 | $ | 25.33 | $ | 23.17 | ||||||||||||
Income (loss) from investment operations: |
||||||||||||||||||||||||
Net investment income (loss)2 |
(.01 | ) | (.03 | ) | .10 | .11 | .05 | .04 | ||||||||||||||||
Net realized and unrealized gain (loss) |
3.41 | 2.02 | 2.47 | (11.12 | ) | 3.99 | 3.15 | |||||||||||||||||
Total from investment operations |
3.40 | 1.99 | 2.57 | (11.01 | ) | 4.04 | 3.19 | |||||||||||||||||
Dividends and/or distributions
to shareholders: |
||||||||||||||||||||||||
Dividends from net investment income |
| (.13 | ) | (.06 | ) | | | | ||||||||||||||||
Distributions from net realized gain |
| | | (1.90 | ) | (.86 | ) | (1.03 | ) | |||||||||||||||
Total dividends and/or distributions
to shareholders |
| (.13 | ) | (.06 | ) | (1.90 | ) | (.86 | ) | (1.03 | ) | |||||||||||||
Net asset value, end of period |
$ | 23.37 | $ | 19.97 | $ | 18.11 | $ | 15.60 | $ | 28.51 | $ | 25.33 | ||||||||||||
Total Return, at Net Asset Value3 |
17.03 | % | 11.01 | % | 16.63 | % | (41.13 | )% | 16.40 | % | 14.19 | % | ||||||||||||
Ratios/Supplemental Data |
||||||||||||||||||||||||
Net assets, end of period (in thousands) |
$ | 51,076 | $ | 51,609 | $ | 61,762 | $ | 71,712 | $ | 157,689 | $ | 147,034 | ||||||||||||
Average net assets (in thousands) |
$ | 51,704 | $ | 56,054 | $ | 59,861 | $ | 116,991 | $ | 159,306 | $ | 136,256 | ||||||||||||
Ratios to average net assets:4 |
||||||||||||||||||||||||
Net investment income (loss) |
(0.05 | )% | (0.18 | )% | 0.67 | % | 0.49 | % | 0.19 | % | 0.19 | % | ||||||||||||
Total expenses5 |
2.06 | % | 2.15 | % | 2.24 | % | 1.81 | % | 1.73 | % | 1.81 | % | ||||||||||||
Expenses after payments, waivers and/or
reimbursements and reduction to
custodian expenses |
1.88 | % | 1.90 | % | 1.89 | % | 1.81 | % | 1.73 | % | 1.81 | % | ||||||||||||
Portfolio turnover rate |
60 | % | 99 | % | 132 | % | 157 | % | 130 | % | 101 | % |
1. | April 29, 2011 and October 29, 2010 represent the last business day of the Funds respective reporting periods. See Note 1 of the accompanying Notes. | |
2. | Per share amounts calculated based on the average shares outstanding during the period. | |
3. | Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. | |
4. | Annualized for periods less than one full year. | |
5. | Total expenses including indirect expenses from affiliated fund were as follows: |
Six Months Ended April 29, 2011 |
2.06 | % | ||
Year Ended October 29, 2010 |
2.15 | % | ||
Year Ended October 31, 2009 |
2.24 | % | ||
Year Ended October 31, 2008 |
1.81 | % | ||
Year Ended October 31, 2007 |
1.73 | % | ||
Year Ended October 31, 2006 |
1.81 | % |
Six Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
April 29, 20111 | Year Ended October 31, | |||||||||||||||||||||||
Class C | (Unaudited) | 20101 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
Per Share Operating Data |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 19.57 | $ | 17.76 | $ | 15.35 | $ | 28.11 | $ | 25.00 | $ | 22.89 | ||||||||||||
Income (loss) from investment operations: |
||||||||||||||||||||||||
Net investment income (loss)2 |
.01 | (.02 | ) | .10 | .13 | .06 | .06 | |||||||||||||||||
Net realized and unrealized gain (loss) |
3.34 | 1.99 | 2.41 | (10.94 | ) | 3.94 | 3.11 | |||||||||||||||||
Total from investment operations |
3.35 | 1.97 | 2.51 | (10.81 | ) | 4.00 | 3.17 | |||||||||||||||||
Dividends and/or distributions
to shareholders: |
||||||||||||||||||||||||
Dividends from net investment income |
(.01 | ) | (.16 | ) | (.10 | ) | (.05 | ) | (.03 | ) | (.03 | ) | ||||||||||||
Distributions from net realized gain |
| | | (1.90 | ) | (.86 | ) | (1.03 | ) | |||||||||||||||
Total dividends and/or distributions
to shareholders |
(.01 | ) | (.16 | ) | (.10 | ) | (1.95 | ) | (.89 | ) | (1.06 | ) | ||||||||||||
Net asset value, end of period |
$ | 22.91 | $ | 19.57 | $ | 17.76 | $ | 15.35 | $ | 28.11 | $ | 25.00 | ||||||||||||
Total Return, at Net Asset Value3 |
17.13 | % | 11.12 | % | 16.64 | % | (41.05 | )% | 16.48 | % | 14.31 | % | ||||||||||||
Ratios/Supplemental Data |
||||||||||||||||||||||||
Net assets, end of period (in thousands) |
$ | 177,832 | $ | 160,129 | $ | 164,374 | $ | 175,970 | $ | 325,044 | $ | 247,730 | ||||||||||||
Average net assets (in thousands) |
$ | 169,864 | $ | 163,194 | $ | 152,381 | $ | 268,992 | $ | 284,073 | $ | 212,087 | ||||||||||||
Ratios to average net assets:4 |
||||||||||||||||||||||||
Net investment income (loss) |
0.06 | % | (0.11 | )% | 0.66 | % | 0.59 | % | 0.23 | % | 0.25 | % | ||||||||||||
Total expenses5 |
1.75 | % | 1.81 | % | 1.88 | % | 1.70 | % | 1.67 | % | 1.72 | % | ||||||||||||
Expenses after payments, waivers and/or
reimbursements and reduction to
custodian expenses |
1.75 | % | 1.81 | % | 1.86 | % | 1.70 | % | 1.67 | % | 1.71 | % | ||||||||||||
Portfolio turnover rate |
60 | % | 99 | % | 132 | % | 157 | % | 130 | % | 101 | % |
1. | April 29, 2011 and October 29, 2010 represent the last business day of the Funds respective reporting periods. See Note 1 of the accompanying Notes. | |
2. | Per share amounts calculated based on the average shares outstanding during the period. | |
3. | Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. | |
4. | Annualized for periods less than one full year. | |
5. | Total expenses including indirect expenses from affiliated fund were as follows: |
Six Months Ended April 29, 2011 |
1.75 | % | ||
Year Ended October 29, 2010 |
1.81 | % | ||
Year Ended October 31, 2009 |
1.88 | % | ||
Year Ended October 31, 2008 |
1.70 | % | ||
Year Ended October 31, 2007 |
1.67 | % | ||
Year Ended October 31, 2006 |
1.72 | % |
Six Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
April 29, 20111 | Year Ended October 31, | |||||||||||||||||||||||
Class N | (Unaudited) | 20101 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
Per Share Operating Data |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 20.07 | $ | 18.18 | $ | 15.74 | $ | 28.79 | $ | 25.56 | $ | 23.38 | ||||||||||||
Income (loss) from investment operations: |
||||||||||||||||||||||||
Net investment income2 |
.06 | .09 | .21 | .22 | .18 | .16 | ||||||||||||||||||
Net realized and unrealized gain (loss) |
3.41 | 2.04 | 2.43 | (11.20 | ) | 4.02 | 3.17 | |||||||||||||||||
Total from investment operations |
3.47 | 2.13 | 2.64 | (10.98 | ) | 4.20 | 3.33 | |||||||||||||||||
Dividends and/or distributions
to shareholders: |
||||||||||||||||||||||||
Dividends from net investment income |
(.09 | ) | (.24 | ) | (.20 | ) | (.17 | ) | (.11 | ) | (.12 | ) | ||||||||||||
Distributions from net realized gain |
| | | (1.90 | ) | (.86 | ) | (1.03 | ) | |||||||||||||||
Total dividends and/or distributions
to shareholders |
(.09 | ) | (.24 | ) | (.20 | ) | (2.07 | ) | (.97 | ) | (1.15 | ) | ||||||||||||
Net asset value, end of period |
$ | 23.45 | $ | 20.07 | $ | 18.18 | $ | 15.74 | $ | 28.79 | $ | 25.56 | ||||||||||||
Total Return, at Net Asset Value3 |
17.37 | % | 11.80 | % | 17.23 | % | (40.83 | )% | 16.96 | % | 14.73 | % | ||||||||||||
Ratios/Supplemental Data |
||||||||||||||||||||||||
Net assets, end of period (in thousands) |
$ | 113,438 | $ | 110,161 | $ | 110,610 | $ | 133,088 | $ | 202,101 | $ | 122,588 | ||||||||||||
Average net assets (in thousands) |
$ | 111,469 | $ | 111,359 | $ | 112,033 | $ | 188,506 | $ | 163,402 | $ | 104,142 | ||||||||||||
Ratios to average net assets:4 |
||||||||||||||||||||||||
Net investment income |
0.53 | % | 0.48 | % | 1.35 | % | 0.96 | % | 0.66 | % | 0.66 | % | ||||||||||||
Total expenses5 |
1.30 | % | 1.22 | % | 1.75 | % | 1.46 | % | 1.26 | % | 1.33 | % | ||||||||||||
Expenses after payments, waivers and/or
reimbursements and reduction to
custodian expenses |
1.30 | % | 1.22 | % | 1.32 | % | 1.32 | % | 1.25 | % | 1.31 | % | ||||||||||||
Portfolio turnover rate |
60 | % | 99 | % | 132 | % | 157 | % | 130 | % | 101 | % |
1. | April 29, 2011 and October 29, 2010 represent the last business day of the Funds respective reporting periods. See Note 1 of the accompanying Notes. | |
2. | Per share amounts calculated based on the average shares outstanding during the period. | |
3. | Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. | |
4. | Annualized for periods less than one full year. | |
5. | Total expenses including indirect expenses from affiliated fund were as follows: |
Six Months Ended April 29, 2011 |
1.30 | % | ||
Year Ended October 29, 2010 |
1.22 | % | ||
Year Ended October 31, 2009 |
1.75 | % | ||
Year Ended October 31, 2008 |
1.46 | % | ||
Year Ended October 31, 2007 |
1.26 | % | ||
Year Ended October 31, 2006 |
1.33 | % |
Six Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
April 29, 20111 | Year Ended October 31, | |||||||||||||||||||||||
Class Y | (Unaudited) | 20101 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
Per Share Operating Data |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 20.94 | $ | 18.94 | $ | 16.49 | $ | 30.03 | $ | 26.61 | $ | 24.23 | ||||||||||||
Income (loss) from investment operations: |
||||||||||||||||||||||||
Net investment income2 |
.14 | .23 | .29 | .40 | .38 | .33 | ||||||||||||||||||
Net realized and unrealized gain (loss) |
3.55 | 2.10 | 2.52 | (11.69 | ) | 4.19 | 3.31 | |||||||||||||||||
Total from investment operations |
3.69 | 2.33 | 2.81 | (11.29 | ) | 4.57 | 3.64 | |||||||||||||||||
Dividends and/or distributions to shareholders: |
||||||||||||||||||||||||
Dividends from net investment income |
(.25 | ) | (.33 | ) | (.36 | ) | (.35 | ) | (.29 | ) | (.23 | ) | ||||||||||||
Distributions from net realized gain |
| | | (1.90 | ) | (.86 | ) | (1.03 | ) | |||||||||||||||
Total dividends and/or distributions
to shareholders |
(.25 | ) | (.33 | ) | (.36 | ) | (2.25 | ) | (1.15 | ) | (1.26 | ) | ||||||||||||
Net asset value, end of period |
$ | 24.38 | $ | 20.94 | $ | 18.94 | $ | 16.49 | $ | 30.03 | $ | 26.61 | ||||||||||||
Total Return, at Net Asset Value3 |
17.79 | % | 12.43 | % | 17.94 | % | (40.37 | )% | 17.81 | % | 15.58 | % | ||||||||||||
Ratios/Supplemental Data |
||||||||||||||||||||||||
Net assets, end of period (in thousands) |
$ | 1,582,584 | $ | 1,319,618 | $ | 857,703 | $ | 993,904 | $ | 1,113,222 | $ | 430,910 | ||||||||||||
Average net assets (in thousands) |
$ | 1,462,413 | $ | 1,035,895 | $ | 881,802 | $ | 1,187,081 | $ | 643,874 | $ | 287,929 | ||||||||||||
Ratios to average net assets:4 |
||||||||||||||||||||||||
Net investment income |
1.23 | % | 1.17 | % | 1.83 | % | 1.73 | % | 1.33 | % | 1.32 | % | ||||||||||||
Total expenses5 |
0.57 | % | 0.60 | % | 0.81 | % | 0.54 | % | 0.53 | % | 0.57 | % | ||||||||||||
Expenses after payments, waivers and/or
reimbursements and reduction to
custodian expenses |
0.57 | % | 0.60 | % | 0.79 | % | 0.54 | % | 0.53 | % | 0.57 | % | ||||||||||||
Portfolio turnover rate |
60 | % | 99 | % | 132 | % | 157 | % | 130 | % | 101 | % |
1. | April 29, 2011 and October 29, 2010 represent the last business day of the Funds respective reporting periods. See Note 1 of the accompanying Notes. | |
2. | Per share amounts calculated based on the average shares outstanding during the period. | |
3. | Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. | |
4. | Annualized for periods less than one full year. | |
5. | Total expenses including indirect expenses from affiliated fund were as follows: |
Six Months Ended April 29, 2011 |
0.57 | % | ||
Year Ended October 29, 2010 |
0.60 | % | ||
Year Ended October 31, 2009 |
0.81 | % | ||
Year Ended October 31, 2008 |
0.54 | % | ||
Year Ended October 31, 2007 |
0.53 | % | ||
Year Ended October 31, 2006 |
0.57 | % |
Expiring | ||||
2016 |
$ | 420,836,260 | ||
2017 |
682,432,624 | |||
Total |
$ | 1,103,268,884 | ||
Federal tax cost of securities |
$ | 2,407,711,801 | ||
Gross unrealized appreciation |
$ | 445,409,532 | ||
Gross unrealized depreciation |
(20,198,788 | ) | ||
Net unrealized appreciation |
$ | 425,210,744 | ||
Projected Benefit Obligations Increased |
$ | 5,116 | ||
Payments Made to Retired Directors |
22,053 | |||
Accumulated Liability as of April 29, 2011 |
170,429 |
Six Months Ended April 29, 2011 | Year Ended October 29, 2010 | |||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||
Class A |
||||||||||||||||
Sold |
2,766,926 | $ | 61,709,522 | 5,639,598 | $ | 108,926,957 | ||||||||||
Dividends and/or distributions reinvested |
248,890 | 5,246,601 | 577,016 | 11,072,938 | ||||||||||||
Redeemed |
(5,979,017 | ) | (132,306,005 | ) | (12,704,628 | ) | (244,287,884 | ) | ||||||||
Net decrease |
(2,963,201 | ) | $ | (65,349,882 | ) | (6,488,014 | ) | $ | (124,287,989 | ) | ||||||
Class B |
||||||||||||||||
Sold |
152,135 | $ | 3,322,941 | 313,904 | $ | 5,954,087 | ||||||||||
Dividends and/or distributions reinvested |
| | 20,694 | 390,286 | ||||||||||||
Redeemed |
(551,148 | ) | (11,969,033 | ) | (1,160,933 | ) | (21,882,482 | ) | ||||||||
Net decrease |
(399,013 | ) | $ | (8,646,092 | ) | (826,335 | ) | $ | (15,538,109 | ) | ||||||
Class C |
||||||||||||||||
Sold |
623,593 | $ | 13,378,451 | 1,149,721 | $ | 21,387,759 | ||||||||||
Dividends and/or distributions reinvested |
3,656 | 74,063 | 66,232 | 1,222,648 | ||||||||||||
Redeemed |
(1,046,587 | ) | (22,328,481 | ) | (2,288,449 | ) | (42,257,550 | ) | ||||||||
Net decrease |
(419,338 | ) | $ | (8,875,967 | ) | (1,072,496 | ) | $ | (19,647,143 | ) | ||||||
Class N |
||||||||||||||||
Sold |
487,381 | $ | 10,653,050 | 1,323,753 | $ | 25,180,398 | ||||||||||
Dividends
and/or distributions reinvested |
21,902 | 453,367 | 70,449 | 1,326,550 | ||||||||||||
Redeemed |
(1,161,043 | ) | (25,149,078 | ) | (1,987,549 | ) | (37,688,529 | ) | ||||||||
Net decrease |
(651,760 | ) | $ | (14,042,661 | ) | (593,347 | ) | $ | (11,181,581 | ) | ||||||
Class Y |
||||||||||||||||
Sold |
8,035,510 | $ | 183,161,755 | 30,255,104 | $ | 582,281,223 | ||||||||||
Dividends and/or distributions reinvested |
725,313 | 15,572,480 | 758,056 | 14,812,418 | ||||||||||||
Redeemed |
(6,873,281 | ) | (157,360,289 | ) | (13,293,668 | ) | (263,622,275 | ) | ||||||||
Net increase |
1,887,542 | $ | 41,373,946 | 17,719,492 | $ | 333,471,366 | ||||||||||
Purchases | Sales | |||||||
Investment securities |
$ | 1,511,538,920 | $ | 1,606,844,696 |
Fee Schedule | ||||
Up to $300 million |
0.625 | % | ||
Next $100 million |
0.500 | |||
Over $400 million |
0.450 |
Class B |
$ | 1,103,879 | ||
Class C |
2,979,289 | |||
Class N |
2,485,427 |
Class A | Class B | Class C | Class N | |||||||||||||||||
Class A | Contingent | Contingent | Contingent | Contingent | ||||||||||||||||
Front-End | Deferred | Deferred | Deferred | Deferred | ||||||||||||||||
Sales Charges | Sales Charges | Sales Charges | Sales Charges | Sales Charges | ||||||||||||||||
Six Months | Retained by | Retained by | Retained by | Retained by | Retained by | |||||||||||||||
Ended | Distributor | Distributor | Distributor | Distributor | Distributor | |||||||||||||||
April 29, 2011 |
$ | 114,132 | $ | 3,154 | $ | 42,119 | $ | 6,759 | $ | 2,207 |
Class B |
$ | 45,976 |
Directors and Officers
|
Brian F. Wruble, Chairman of the Board of Directors and Director | |
David K. Downes, Director | ||
Matthew P. Fink, Director | ||
Phillip A. Griffiths, Director | ||
Mary F. Miller, Director | ||
Joel W. Motley, Director | ||
Mary Ann Tynan, Director | ||
Joseph M. Wikler, Director | ||
Peter I. Wold, Director | ||
William F. Glavin, Jr., President and Principal Executive Officer | ||
Mitch Williams, Vice President and Portfolio Manager | ||
Arthur S. Gabinet, Secretary | ||
Thomas W. Keffer, Vice President and Chief Business Officer | ||
Mark S. Vandehey, Vice President and Chief Compliance Officer | ||
Brian W. Wixted, Treasurer and Principal Financial & Accounting Officer | ||
Robert G. Zack, Vice President | ||
Manager
|
OppenheimerFunds, Inc. | |
Distributor
|
OppenheimerFunds Distributor, Inc. | |
Transfer and Shareholder
Servicing Agent |
OppenheimerFunds Services | |
Independent Registered Public Accounting Firm |
KPMG llp | |
Legal Counsel
|
Kramer Levin Naftalis & Frankel LLP | |
The financial statements included herein have been taken from the records of the Fund without examination of those records by the independent registered public accounting firm. |
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1. | The Funds Governance Committee (the Committee) will evaluate potential Board candidates to assess their qualifications. The Committee shall have the authority, upon approval of the Board, to retain an executive search firm to assist in this effort. The Committee may consider recommendations by business and personal contacts of current Board members and by executive search firms which the Committee may engage from time to time and may also consider shareholder recommendations. The Committee may consider the advice and recommendation of the Funds investment manager and its affiliates in making the selection. | |
2. | The Committee shall screen candidates for Board membership. The Committee has not established specific qualifications that it believes must be met by a trustee nominee. In evaluating trustee nominees, the Committee considers, among other things, an individuals background, skills, and experience; whether the individual is an interested person as defined in the Investment Company Act of 1940; and whether the individual would be deemed an audit committee financial expert within the meaning of applicable SEC rules. The Committee also considers whether the individuals background, skills, and experience will complement the background, skills, and experience of other nominees and will contribute to the Board. There are no differences in the manner in which the Committee evaluates nominees for trustees based on whether the nominee is recommended by a shareholder. | |
3. | The Committee may consider nominations from shareholders for the Board at such times as the Committee meets to consider new nominees for the Board. The Committee shall have the sole discretion to determine the candidates to present to the Board and, in such cases where required, to shareholders. Recommendations for trustee nominees should, at a minimum, be accompanied by the following: |
| the name, address, and business, educational, and/or other pertinent background of the person being recommended; | ||
| a statement concerning whether the person is an interested person as defined in the Investment Company Act of 1940; | ||
| any other information that the Funds would be required to include in a proxy statement concerning the person if he or she was nominated; and | ||
| the name and address of the person submitting the recommendation and, if that person is a shareholder, the period for which that person held Fund shares. |
The recommendation also can include any additional information which the person submitting it believes would assist the Committee in evaluating the recommendation. |
4. | Shareholders should note that a person who owns securities issued by Massachusetts Mutual Life Insurance Company (the parent company of the Funds investment adviser) would be deemed an interested person under the Investment Company Act of 1940. In addition, certain other relationships with Massachusetts Mutual Life Insurance Company or its |
subsidiaries, with registered broker-dealers, or with the Funds outside legal counsel may cause a person to be deemed an interested person. |
5. | Before the Committee decides to nominate an individual as a trustee, Committee members and other directors customarily interview the individual in person. In addition, the individual customarily is asked to complete a detailed questionnaire which is designed to elicit information which must be disclosed under SEC and stock exchange rules and to determine whether the individual is subject to any statutory disqualification from serving as a trustee of a registered investment company. |
(a) | (1) Not applicable to semiannual reports. | |
(2) Exhibits attached hereto. | ||
(3) Not applicable. | ||
(b) | Exhibit attached hereto. |
By: |
/s/ William F. Glavin, Jr.
|
|||
Principal Executive Officer | ||||
Date:
|
06/10/2011 |
By: |
/s/ William F. Glavin, Jr.
|
|||
Principal Executive Officer | ||||
Date:
|
06/10/2011 | |||
By: |
/s/ Brian W. Wixted
|
|||
Principal Financial Officer | ||||
Date:
|
06/10/2011 |
1. | I have reviewed this report on Form N-CSR 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 financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; | |
4. | The registrants 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 registrants 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 registrants internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer and I have disclosed to the registrants auditors and the audit committee of the registrants 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 registrants 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 registrants internal control over financial reporting. |
/s/ William F. Glavin, Jr.
|
||
Principal Executive Officer |
1. | I have reviewed this report on Form N-CSR 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 financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; | |
4. | The registrants 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 registrants 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 registrants internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer and I have disclosed to the registrants auditors and the audit committee of the registrants 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 registrants 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 registrants internal control over financial reporting. |
/s/ Brian W. Wixted
|
||
Principal Financial Officer |
1. | The Registrants periodic report on Form N-CSR for the period ended 04/29/2011 (the Form N-CSR) fully complies with the requirements of Section 15(d) of the Securities Exchange Act of 1934, as amended; and | |
2. | The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant. This certification is being furnished to the Commission solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Form N-CSR filed with the Commission. |
Principal Executive Officer
|
Principal Financial Officer | |||
Oppenheimer Series Fund, Inc.
|
Oppenheimer Series Fund, Inc. | |||
/s/ William F. Glavin, Jr.
|
/s/ Brian W. Wixted
|
|||
Date: 06/10/2011
|
Date: 06/10/2011 |
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