OAKBX and PRWCX were off today by 7.92% and 6.78% respectively. No doubt some of that was daily market fluctuation. Still, those distributions appear very large.
Other news - Didn’t want to start a new thread. But learned recently that Oppenheimer is killing its Global Multi-Strategies Fund OARAX, effective March, 2018. Another one of their expensive poorly performing funds. If it’s already been reported here, I stand remiss.
”The Board of Trustees has approved a plan to liquidate the Fund, to take place on or about March 16, 2018 (the “Liquidation Date”). Any shares of the Fund outstanding on the Liquidation Date will be automatically redeemed. Subject to certain exceptions, redemptions made beginning January 12, 2018 through the Liquidation Date will not be subject to any contingent deferred sales charges. Shareholders should consult their tax advisors for information about the tax consequences of the liquidation. In order to provide for an orderly liquidation and satisfy redemptions in anticipation of the Liquidation Date, the Fund may deviate from its investment objectives and strategies as the Liquidation date approaches.“