0001193125-13-382225.txt : 20130927 0001193125-13-382225.hdr.sgml : 20130927 20130927155056 ACCESSION NUMBER: 0001193125-13-382225 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130731 FILED AS OF DATE: 20130927 DATE AS OF CHANGE: 20130927 EFFECTIVENESS DATE: 20130927 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: 131119860 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 C000110989 I N-Q 1 d583350dnq.htm OPPENHEIMER VALUE FUND Oppenheimer Value Fund

 

 

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)

 

 

Arthur S. Gabinet

OFI Global Asset Management, 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: 7/31/2013

 

 

 


Item 1. Schedule of Investments.


STATEMENT OF INVESTMENTS July 31, 2013 / Unaudited

 

     Shares      Value  

Common Stocks—99.0%

     

Consumer Discretionary—8.4%

     

Auto Components—0.5%

     

Johnson Controls, Inc.

     282,520       $ 11,360,129  

Distributors—0.3%

     

Genuine Parts Co.

     94,697         7,764,207  

Diversified Consumer Services—0.3%

     

Apollo Group, Inc., Cl. A1

     335,510         6,112,992  

Hotels, Restaurants & Leisure—1.5%

     

Las Vegas Sands Corp.

     204,703         11,375,346   

McDonald’s Corp.

     228,685         22,429,425   
  

 

 

 
        33,804,771   

Media—1.7%

     

Liberty Media Corp., Cl. A1

     84,380         12,127,937   

Walt Disney Co. (The)

     431,062         27,868,158   
  

 

 

 
        39,996,095   

Multiline Retail—1.7%

     

Macy’s, Inc.

     392,621         18,979,299   

Target Corp.

     285,930         20,372,513   
  

 

 

 
        39,351,812   

Specialty Retail—2.4%

     

Gap, Inc. (The)

     344,570         15,815,763   

Lowe’s Cos., Inc.

     867,981         38,694,593   
  

 

 

 
        54,510,356   

Consumer Staples—8.7%

     

Beverages—1.5%

     

PepsiCo, Inc.

     399,217         33,350,588  

Food & Staples Retailing—2.7%

     

Costco Wholesale Corp.

     142,257         16,685,324   

Sysco Corp.

     549,786         18,973,115   

Walgreen Co.

     541,668         27,218,817   
  

 

 

 
        62,877,256   

Food Products—2.1%

     

ConAgra Foods, Inc.

     397,730         14,401,803   

Kraft Foods Group, Inc.

     405,627         22,950,376   

Unilever NV, NY Shares

     312,200         12,491,122   
  

 

 

 
        49,843,301   

Household Products—0.6%

     

Reckitt Benckiser Group plc, Sponsored ADR

     994,800         14,156,004  

Tobacco—1.8%

     

Altria Group, Inc.

     593,627         20,812,563   

Lorillard, Inc.

     500,681         21,293,963   
  

 

 

 
        42,106,526   

Energy—11.9%

     

Energy Equipment & Services—1.8%

     

Cameron International Corp.1

     121,039         7,177,613   

National Oilwell Varco, Inc.

     176,097         12,356,726   

Schlumberger Ltd.

     280,666         22,826,566   
  

 

 

 
        42,360,905   

Oil, Gas & Consumable Fuels—10.1%

     

Anadarko Petroleum Corp.

     344,028         30,453,359   

BP plc, Sponsored ADR

     531,448         22,023,205   

Chevron Corp.

     136,181         17,143,826   

Enbridge, Inc.

     545,570         24,250,587   

EQT Corp.

     160,023         13,841,990   

Occidental Petroleum Corp.

     381,748         33,994,659   

Phillips 66

     196,700         12,097,050   

Pioneer Natural Resources Co.

     74,384         11,511,668   

Royal Dutch Shell plc, Cl. A, ADR

     339,920         23,233,532   

Suncor Energy, Inc.

     1,018,870         32,226,858   

Williams Cos., Inc. (The)

     302,914         10,350,571   
  

 

 

 
        231,127,305   

Financials—25.2%

     

Capital Markets—5.4%

     

BlackRock, Inc., Cl. A

     51,030         14,388,419   

Charles Schwab Corp. (The)

     1,186,250         26,204,263   

Goldman Sachs Group, Inc. (The)

     282,178         46,285,657   

Morgan Stanley

     1,397,468         38,025,104   
  

 

 

 
        124,903,443   

Commercial Banks—1.8%

     

CIT Group, Inc.1

     329,440         16,508,238   

Fifth Third Bancorp

     477,991         9,191,767   

Wells Fargo & Co.

     372,340         16,196,790   
  

 

 

 
        41,896,795   

Consumer Finance—1.7%

     

Capital One Financial Corp.

     553,451         38,199,188  

Diversified Financial Services—7.3%

     

Bank of America Corp.

     2,832,892         41,360,223   

Citigroup, Inc.

     1,615,582         84,236,445   

JPMorgan Chase & Co.

     728,340         40,590,388   
  

 

 

 
        166,187,056   

Insurance—8.5%

     

ACE Ltd.

     363,865         33,249,984  

Aflac, Inc.

     327,100         20,175,528   

Allstate Corp. (The)

     336,995         17,180,005   

American International Group, Inc.1

     877,424         39,931,566   

MetLife, Inc.

     691,310         33,473,230   

Sun Life Financial, Inc.

     530,060         17,200,447   

Travelers Cos., Inc. (The)

     235,613         19,685,466   

XL Group plc, Cl. A

     520,307         16,311,625   
  

 

 

 
        197,207,851   

 

1    OPPENHEIMER VALUE FUND


STATEMENT OF INVESTMENTS Unaudited / (Continued)

 

     Shares      Value  

Real Estate Investment Trusts (REITs)—0.5%

     

Public Storage

     74,810       $ 11,911,248  

Health Care—11.5%

     

Biotechnology—0.9%

     

Amgen, Inc.

     190,210         20,597,841  

Health Care Providers & Services—3.5%

     

Cardinal Health, Inc.

     584,001         29,252,610   

HCA Holdings, Inc.

     309,560         12,072,840   

UnitedHealth Group, Inc.

     543,951         39,626,830   
  

 

 

 
        80,952,280   

Life Sciences Tools & Services—1.3%

     

Thermo Fisher Scientific, Inc.

     334,990         30,520,939  

Pharmaceuticals—5.8%

     

Astellas Pharma, Inc., Unsponsored ADR

     862,290         11,580,555   

Bristol-Myers Squibb Co.

     662,725         28,656,229   

Pfizer, Inc.

     1,159,229         33,884,264   

Roche Holding AG, Sponsored ADR

     527,660         32,350,835   

Sanofi, ADR

     323,734         16,665,826   

Teva Pharmaceutical Industries Ltd., Sponsored ADR

     286,370         11,368,889   
  

 

 

 
        134,506,598   

Industrials—12.8%

     

Aerospace & Defense—2.2%

     

United Technologies Corp.

     488,992         51,622,885  

Airlines—1.7%

     

Delta Air Lines, Inc.1

     1,353,170         28,727,799   

United Continental Holdings, Inc.1

     247,268         8,617,290   
  

 

 

 
        37,345,089   

Electrical Equipment—2.3%

     

ABB Ltd., Sponsored ADR1

     618,258         13,626,406   

Eaton Corp. plc

     567,008         39,095,202   
  

 

 

 
        52,721,608   

Industrial Conglomerates—4.2%

     

General Electric Co.

     3,282,781         80,001,373   

Siemens AG, Sponsored ADR

     141,887         15,672,838   
  

 

 

 
        95,674,211   

Machinery—1.8%

     

Parker Hannifin Corp.

     181,133         18,707,416   

Pentair Ltd.

     190,595         11,641,543   

Timken Co.

     194,410         11,357,432   
  

 

 

 
        41,706,391   

Road & Rail—0.6%

     

CSX Corp.

     527,437         13,085,712  

Information Technology—12.9%

     

Communications Equipment—2.3%

     

Cisco Systems, Inc.

     2,071,240         52,920,182  

Computers & Peripherals—3.6%

     

Apple, Inc.

     70,935         32,098,087   

EMC Corp.

     913,030         23,875,734   

NCR Corp.1

     407,950         14,686,200   

SanDisk Corp.1

     246,008         13,559,961   
  

 

 

 
        84,219,982   

Electronic Equipment, Instruments, & Components—1.0%

     

TE Connectivity Ltd.

     457,917         23,372,083  

Office Electronics—0.7%

     

Xerox Corp.

     1,684,204         16,336,779  

Semiconductors & Semiconductor Equipment—2.5%

     

Analog Devices, Inc.

     296,974         14,658,637   

Intel Corp.

     732,680         17,071,444   

Maxim Integrated Products, Inc.

     408,081         11,671,117   

Microchip Technology, Inc.

     404,076         16,057,980   
  

 

 

 
        59,459,178   

Software—2.8%

     

CA, Inc.

     590,680         17,566,823   

Oracle Corp.

     545,900         17,659,865   

Symantec Corp.

     601,626         16,051,382   

Synopsys, Inc.1

     311,340         11,532,034   
  

 

 

 
        62,810,104   

Telecommunication Services—3.7%

     

Diversified Telecommunication Services—3.4%

     

BCE, Inc.

     267,052         11,026,577   

CenturyLink, Inc.

     505,397         18,118,482   

Telefonica SA, Sponsored ADR1

     584,164         8,289,287   

Verizon Communications, Inc.

     612,531         30,308,034   

Vivendi SA, Unsponsored ADR

     423,200         9,057,326   
  

 

 

 
        76,799,706  

Wireless Telecommunication Services—0.3%

     

Vodafone Group plc, Sponsored ADR

     262,470         7,860,977   

Utilities—3.9%

     

Electric Utilities—2.2%

     

Duke Energy Corp.

     327,929         23,282,959   

Edison International

     310,430         15,474,936   

NextEra Energy, Inc.

     124,502         10,783,118   
  

 

 

 
        49,541,013   

Multi-Utilities—1.7%

     

PG&E Corp.

     449,666         20,635,173   

Sempra Energy

     212,260         18,600,344   
  

 

 

 
        39,235,517   
  

 

 

 

Total Common Stocks (Cost $2,020,990,790)

        2,280,316,903   

 

2    OPPENHEIMER VALUE FUND


STATEMENT OF INVESTMENTS Unaudited / (Continued)

 

     Shares     Value  

Investment Company—0.5%

    

Oppenheimer Institutional Money Market Fund, Cl. E, 0.10%2,3 (Cost $11,274,584)

     11,274,584      $ 11,274,584   

Total Investments, at Value (Cost $2,032,265,374)

     99.5     2,291,591,487   

Assets in Excess of Other Liabilities

     0.5        10,616,097   
  

 

 

   

 

 

 

Net Assets

     100.0   $ 2,302,207,584   
  

 

 

   

 

 

 

Footnotes to Statement of Investments

 

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 July 31, 2013, 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
October 31, 2012
     Gross
Additions
     Gross
Reductions
     Shares
July 31, 2013
 

Oppenheimer Institutional Money Market Fund, Cl. E

     32,628,737         735,164,728        756,518,881         11,274,584  

 

                Value      Income  

Oppenheimer Institutional Money Market Fund, Cl. E

           $11,274,584         $37,821   

 

3. Rate shown is the 7-day yield as of July 31, 2013.

 

3    OPPENHEIMER VALUE FUND


NOTES TO STATEMENT OF INVESTMENTS Unaudited

 

Investment in Oppenheimer Institutional Money Market Fund. The Fund is permitted to invest daily available cash balances in an affiliated money market fund. The Fund may invest the available cash in Class E shares of Oppenheimer Institutional Money Market Fund (“IMMF”) to seek current income while preserving liquidity. IMMF is a registered open-end management investment company, regulated as a money market fund under the Investment Company Act of 1940, as amended. The Manager is the investment adviser of IMMF, and the Sub-Adviser provides investment and related advisory services to IMMF. When applicable, the Fund’s investment in IMMF is included in the Statement of Investments. Shares of IMMF are valued at their net asset value per share. As a shareholder, the Fund is subject to its proportional share of IMMF’s Class E expenses, including its management fee. The Manager will waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund’s investment in IMMF.

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 trading.

The Fund’s Board has adopted procedures for the valuation of the Fund’s securities and has delegated the day-to-day responsibility for valuation determinations under those procedures to the Manager. The Manager has established a Valuation Committee which is responsible for determining a “fair valuation” for any security for which market quotations are not “readily available.” The Valuation Committee’s fair valuation determinations are subject to review, approval and ratification by the Fund’s Board at its next regularly scheduled meeting covering the calendar quarter in which the fair valuation was determined.

Valuation Methods and Inputs

Securities are valued using unadjusted quoted market prices, when available, as supplied primarily by third party pricing services or dealers.

The following methodologies are used to determine the market value or the fair value of the types of securities described below:

Securities traded on a registered U.S. securities exchange (including exchange-traded derivatives other than futures and futures options) are valued based on the last sale price of the security reported on the principal exchange on which it is traded, 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 current day’s closing “bid” and “asked” prices, and if not, at the current day’s closing bid price. A security of a foreign issuer traded on a foreign exchange but not listed on a registered U.S. securities exchange is valued based on the last sale price on the principal exchange on which the security is traded, as identified by the third party pricing service used by the Manager, prior to the time when the Fund’s assets are valued. If the last sale price is unavailable, the security is valued at the most recent official closing price on the principal exchange on which it is traded. If the last sales price or official closing price for a foreign security is not available, the security is valued at the mean between the bid and asked price per the exchange or, if not available from the exchange, obtained from two dealers. If bid and asked prices are not available from either the exchange or two dealers, the security is valued by using one of the following methodologies (listed in order of priority); (1) using a bid from the exchange, (2) the mean between the bid and asked price as provided by a single dealer, or (3) a bid from a single dealer.

 

4    OPPENHEIMER VALUE FUND


NOTES TO STATEMENT OF INVESTMENTS Unaudited / (Continued)

 

Securities Valuation (Continued)

Shares of a registered investment company that are not traded on an exchange are valued at that investment company’s net asset value per share.

Corporate and government debt securities (of U.S. or foreign issuers) and municipal debt securities, event-linked bonds, loans, mortgage-backed securities, collateralized mortgage obligations, and asset-backed securities are valued at the mean between the “bid” and “asked” prices utilizing evaluated prices obtained from third party pricing services or broker-dealers who may use matrix pricing methods to determine the evaluated prices.

Short-term money market type debt securities with a remaining maturity of sixty days or less are valued at cost adjusted by the amortization of discount or premium to maturity (amortized cost), which approximates market value. Short-term debt securities with a remaining maturity in excess of sixty days are valued at the mean between the “bid” and “asked” prices utilizing evaluated prices obtained from third party pricing services or broker-dealers.

A description of the standard inputs that may generally be considered by the third party pricing vendors in determining their evaluated prices is provided below.

 

Security Type

  

Standard inputs generally considered by third-party pricing vendors

Corporate debt, government debt, municipal, mortgage-backed and asset-backed securities    Reported trade data, broker-dealer price quotations, benchmark yields, issuer spreads on comparable securities, the credit quality, yield, maturity, and other appropriate factors.
Loans    Information obtained from market participants regarding reported trade data and broker-dealer price quotations.
Event-linked bonds    Information obtained from market participants regarding reported trade data and broker-dealer price quotations.

If a market value or price cannot be determined for a security using the methodologies described above, or if, in the “good faith” opinion of the Manager, the market value or price obtained does not constitute a “readily available market quotation,” or a significant event has occurred that would materially affect the value of the security the security is fair valued either (i) by a standardized fair valuation methodology applicable to the security type or the significant event as previously approved by the Valuation Committee and the Fund’s Board or (ii) as determined in good faith by the Manager’s Valuation Committee. The Valuation Committee considers all relevant facts that are reasonably available, through either public information or information available to the Manager, when determining the fair value of a security. Fair value determinations by the Manager are subject to review, approval and ratification by the Fund’s Board at its next regularly scheduled meeting covering the calendar quarter in which the fair valuation was determined. Those fair valuation standardized methodologies include, but are not limited to, valuing securities at the last sale price or initially at cost and subsequently adjusting the value based on: changes in company specific fundamentals, changes in an appropriate securities index, or changes in the value of similar securities which may be further adjusted for any discounts related to security-specific resale restrictions. When possible, such methodologies use observable market inputs such as unadjusted quoted prices of similar securities, observable interest rates, currency rates and yield curves. The methodologies used for valuing securities are not necessarily an indication of the risks associated with investing in those securities nor can it be assured that the Fund can obtain the fair value assigned to a security if it were to sell the security.

To assess the continuing appropriateness of security valuations, the Manager, or its third party service provider who is subject to oversight by the Manager, regularly compares prior day prices, prices on comparable

 

5    OPPENHEIMER VALUE FUND


NOTES TO STATEMENT OF INVESTMENTS Unaudited / (Continued)

 

Securities Valuation (Continued)

securities, and sale prices to the current day prices and challenges those prices exceeding certain tolerance levels with the third party pricing service or broker source. For those securities valued by fair valuations, whether through a standardized fair valuation methodology or a fair valuation determination, the Valuation Committee reviews and affirms the reasonableness of the valuations based on such methodologies and fair valuation determinations on a regular basis after considering all relevant information that is reasonably available.

Classifications

Each investment asset or liability of the Fund is assigned a level at measurement date based on the significance and source of the inputs to its valuation. Various data inputs are used in determining the value of each of the Fund’s investments as of the reporting period end. These data inputs are categorized in the following hierarchy under applicable financial accounting standards:

1) Level 1-unadjusted quoted prices in active markets for identical assets or liabilities (including securities actively traded on a securities exchange)

2) Level 2-inputs 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 3-significant unobservable inputs (including the Manager’s own judgments about assumptions that market participants would use in pricing the asset or liability).

The inputs used for valuing securities are not necessarily an indication of the risks associated with investing in those securities.

The table below categorizes amounts as of July 31, 2013 based on valuation input level:

 

      Level 1—
Unadjusted
Quoted Prices
     Level 2—
Other Significant
Observable Inputs
     Level 3—
Significant
Unobservable
Inputs
     Value  

Assets Table

           

Investments, at Value:

           

Common Stock

           

Consumer Discretionary

   $ 192,900,362       $ —         $ —         $ 192,900,362   

Consumer Staples

     202,333,675         —           —           202,333,675   

Energy

     273,488,210         —           —           273,488,210   

Financials

     580,305,581         —          —          580,305,581   

Health Care

     266,577,658         —          —          266,577,658   

Industrials

     292,155,896         —          —          292,155,896   

Information Technology

     299,118,308         —          —          299,118,308   

Telecommunication Services

     84,660,683         —          —          84,660,683   

Utilities

     88,776,530         —          —          88,776,530   

Investment Company

     11,274,584         —          —          11,274,584   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Assets

   $ 2,291,591,487      $             —        $             —        $ 2,291,591,487  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

6    OPPENHEIMER VALUE FUND


NOTES TO STATEMENT OF INVESTMENTS Unaudited / (Continued)

 

Securities Valuation (Continued)

Currency contracts and forwards, if any, are reported at their unrealized appreciation/ depreciation at measurement date, which represents the change in the contract’s value from trade date. Futures, if any, are reported at their variation margin at measurement date, which represents the amount due to/from the Fund at that date. All additional assets and liabilities included in the above table are reported at their market value at measurement date.

Federal Taxes

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, 2013 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

   $ 2,039,824,414   
  

 

 

 

Gross unrealized appreciation

   $ 261,706,533   

Gross unrealized depreciation

     (9,939,460
  

 

 

 

Net unrealized appreciation

   $ 251,767,073  
  

 

 

 

 

7    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 7/31/2013, 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/ William F. Glavin, Jr.

  William F. Glavin, Jr.
  Principal Executive Officer
Date:   9/11/2013

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/ William F. Glavin, Jr.

  William F. Glavin, Jr.
  Principal Executive Officer
Date:   9/11/2013

 

By:  

/s/ Brian W. Wixted

  Brian W. Wixted
  Principal Financial Officer
Date:   9/11/2013
EX-99.CERT 2 d583350dex99cert.htm SECTION 302 CERTIFICATIONS Section 302 Certifications

Exhibit 99.CERT

Section 302 Certifications

CERTIFICATIONS

I, William F. Glavin, Jr., 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/ William F. Glavin, Jr.

William F. Glavin, Jr.
Principal Executive Officer
Date: 9/11/2013


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: 9/11/2013