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 811-21775
Oppenheimer
International Diversified Fund
(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)
Registrants telephone number, including area code: (303) 768-3200
Date of fiscal year end: April 30
Date of reporting period: 1/31/2014
Item 1. Schedule of Investments.
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STATEMENT OF
INVESTMENTS
January 31, 2014 / Unaudited
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Shares
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Value
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Investment Companies99.8%
1
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Foreign Equity Funds99.8%
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Oppenheimer Developing Markets Fund, Cl. I
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15,854,862
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$
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549,053,885
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Oppenheimer International Growth Fund, Cl. I
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23,188,801
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836,651,945
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Oppenheimer International Small Company Fund, Cl. I
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18,025,064
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576,621,786
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Oppenheimer International Value Fund, Cl. I
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13,932,076
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257,186,129
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Oppenheimer Master International Value Fund, LLC
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50,005,967
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576,298,121
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Total Investments, at Value (Cost $2,146,602,305)
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99.8%
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2,795,811,866
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Assets in Excess of Other Liabilities
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0.2
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4,711,951
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Net Assets
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100.0%
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$
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2,800,523,817
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Footnotes to Statement of Investments
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1
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OPPENHEIMER INTERNATIONAL DIVERSIFIED FUND
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STATEMENT OF
INVESTMENTS
Unaudited / (Continued)
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1. Is or was an affiliate, as defined in the Investment Company Act of 1940, at or
during the period ended January 31, 2014, 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:
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Shares
April 30, 2013
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Gross
Additions
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Gross
Reductions
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Shares
January 31, 2014
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Oppenheimer Developing
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Markets Fund, Cl. I
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16,102,947
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a
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248,085
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15,854,862
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Oppenheimer Developing
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Markets Fund, Cl. Y
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9,169,933
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66,143
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9,236,076
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a
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Oppenheimer Institutional
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Money Market Fund, Cl. E
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1,985,948
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152,337,125
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154,323,073
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Oppenheimer International Bond
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Fund, Cl. I
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35,598,036
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a
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35,598,036
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Oppenheimer International Bond
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Fund, Cl. Y
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30,836,692
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239,477
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31,076,169
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a
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Oppenheimer International
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Growth Fund, Cl. I
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26,458,206
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a
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3,269,405
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23,188,801
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Oppenheimer International
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Growth Fund, Cl. Y
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21,532,557
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140,932
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21,673,489
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a
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Oppenheimer International Small
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Company Fund, Cl. I
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18,301,722
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a
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276,658
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18,025,064
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Oppenheimer International Small
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Company Fund, Cl. Y
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14,077,727
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193,819
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14,271,546
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a
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Oppenheimer International
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Value Fund, Cl. I
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13,932,076
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a
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13,932,076
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Oppenheimer International
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Value Fund, Cl. Y
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13,632,937
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13,632,937
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a
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Oppenheimer Master
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International Value Fund, LLC
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42,562,276
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15,515,060
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8,071,369
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50,005,967
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Value
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Income
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Realized
Gain (Loss)
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Oppenheimer Developing Markets Fund, Cl. I
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$
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549,053,885
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$
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3,934,819
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$
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(335,368)
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Oppenheimer Developing Markets Fund, Cl. Y
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(609)
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Oppenheimer Institutional Money Market Fund,
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Cl. E
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10,589
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Oppenheimer International Bond Fund, Cl. I
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2,123,912
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(290,361)
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Oppenheimer International Bond Fund, Cl. Y
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484,770
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(438)
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Oppenheimer International Growth Fund, Cl. I
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836,651,945
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10,481,583
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2,105,921
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Oppenheimer International Growth Fund, Cl. Y
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(194)
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Oppenheimer International Small Company Fund,
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Cl. I
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576,621,786
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5,426,654
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(66,416)
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Oppenheimer International Small Company Fund,
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Cl. Y
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(7,992)
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Oppenheimer International Value Fund, Cl. I
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257,186,129
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5,710,565
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Oppenheimer International Value Fund, Cl. Y
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Oppenheimer Master International Value Fund, LLC
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576,298,121
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5,593,108
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b
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67,803,053
b
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$
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2,795,811,866
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$
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33,766,000
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$
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69,207,596
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a.
The Fund elected to invest in Class I Shares of the Underlying Funds as they became available to investors.
b.
Represents the amount allocated to the Fund from Oppenheimer Master International Value Fund, LLC.
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2
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OPPENHEIMER INTERNATIONAL DIVERSIFIED FUND
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NOTES TO STATEMENT OF
INVESTMENTS
Unaudited
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Oppenheimer International Diversified Fund (the Fund) is registered under
the Investment Company Act of 1940, as amended, as a diversified open-end management investment company. The Funds investment objective is to seek capital appreciation. The Fund normally invests in a diversified portfolio of Oppenheimer mutual
funds (individually, an Underlying Fund and collectively, the Underlying Funds). The Funds investment adviser is OFI Global Asset Management, Inc. (OFI Global or the Manager), a wholly-owned
subsidiary of OppenheimerFunds, Inc. (OFI or the Sub-Adviser). The Manager has entered into a sub-advisory agreement with OFI.
Risks of Investing in the Underlying Funds.
Each of the Underlying Funds in which the Fund invests has its own investment risks,
and those risks can affect the value of the Funds investments and therefore the value of the Funds shares. To the extent that the Fund invests more of its assets in one Underlying Fund than in another, the Fund will have greater exposure
to the risks of that Underlying Fund.
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 Funds 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 IMMFs Class E expenses, including its management fee.
Investment in Oppenheimer Master Fund.
The Fund is permitted
to invest in entities sponsored and/or advised by the Manager or an affiliate. Certain of these entities in which the Fund invests are mutual funds registered under the Investment Company Act of 1940 that expect to be treated as partnerships for tax
purposes, specifically Oppenheimer Master International Value Fund, LLC (the Master Fund). The Master Fund has its own investment risks, and those risks can affect the value of the Funds investments and therefore the value of the
Funds shares. To the extent that the Fund invests more of its assets in one Master Fund than in another, the Fund will have greater exposure to the risks of that Master Fund.
The investment objective of the Master Fund is to seek long-term capital appreciation by investing in common
stocks of foreign companies that the Manager believes are undervalued. The Funds investment in the Master Fund is included in the Statement of Investments. The Fund recognizes income and gain (loss) on its investment in the Master Fund
according to its allocated pro-rata share, based on its relative proportion of total outstanding Master Fund shares held, of the total net income earned and the net gain (loss) realized on investments sold by the Master Fund. As a shareholder, the
Fund is subject to its proportional share of the Master Funds expenses, including its management fee.
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3
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OPPENHEIMER INTERNATIONAL DIVERSIFIED FUND
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NOTES TO STATEMENT OF
INVESTMENTS
Unaudited / (Continued)
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Securities Valuation
The
Fund calculates the net asset value of its shares based upon the net asset value of the applicable Underlying Fund. For each Underlying Fund, the net asset value per share for a class of shares is determined 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 by dividing the value of the Underlying Funds net assets attributable to that class by the number of outstanding shares of that
class on that day.
The Funds Board has adopted procedures for the valuation of the Funds
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 Committees fair valuation determinations are subject to review, approval and ratification by the Funds Board at its next regularly scheduled
meeting covering the calendar quarter in which the fair valuation was determined.
Valuations Methods and Inputs
To determine their net asset values, the Underlying Funds assets are valued primarily on the basis of current market quotations as
generally supplied by third party portfolio pricing services or by dealers. Such market quotations are typically based on unadjusted quoted prices in active markets for identical securities or other observable market inputs.
The net asset value per share of the Subsidiary is determined as of the close of the Exchange, on each day the
Exchange is open for trading. The net asset value per share is determined by dividing the value of the Subsidiarys net assets by the number of shares that are outstanding. The Subsidiary values its investments in the same manner as the Fund as
described above.
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 Funds Board
or (ii) as determined in good faith by the Managers 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 Funds Board at its next regularly scheduled meeting covering the calendar quarter in which the fair
valuation was determined. The methodologies used for valuing securities are not necessarily an indication of the risks associated with investing in those Underlying Funds.
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
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4
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OPPENHEIMER INTERNATIONAL DIVERSIFIED FUND
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NOTES TO STATEMENT OF
INVESTMENTS
Unaudited / (Continued)
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Securities
Valuation (Continued)
day prices, prices on comparable 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 Funds 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 Managers 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 Fund classifies each of its
investments in those Underlying Funds which are publicly offered and reported on an exchange as Level 1, and those Underlying Funds which are not publicly offered as Level 2, without consideration as to the classification level of the specific
investments held by the Underlying Funds.
The table below categorizes amounts as of January 31, 2014 based on valuation input
level:
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Level 1
Unadjusted
Quoted Prices
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Level 2
Other Significant
Observable Inputs
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Level 3
Significant
Unobservable
Inputs
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Value
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Assets Table
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Investments, at Value:
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Investment Companies
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$
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2,219,513,745
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$
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576,298,121
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$
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$
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2,795,811,866
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Total Assets
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$
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2,219,513,745
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$
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576,298,121
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$
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$
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2,795,811,866
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Currency contracts and forwards, if any, are reported at their unrealized appreciation/depreciation at
measurement date, which represents the change in the contracts 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.
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5
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OPPENHEIMER INTERNATIONAL DIVERSIFIED FUND
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NOTES TO STATEMENT OF
INVESTMENTS
Unaudited / (Continued)
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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 January 31, 2014 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.
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Federal tax cost of securities
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$
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2,268,084,671
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Gross unrealized appreciation
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$
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527,727,195
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Gross unrealized depreciation
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Net unrealized appreciation
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$
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527,727,195
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6
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OPPENHEIMER INTERNATIONAL DIVERSIFIED FUND
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Item 2. Controls and Procedures.
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(a)
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Based on their evaluation of the registrants 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 1/31/2014, the registrants
principal executive officer and principal financial officer found the registrants 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 registrants 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.
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(b)
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There have been no significant changes in the registrants internal controls over financial reporting that occurred during the registrants last fiscal quarter that has materially affected, or is reasonably
likely to materially affect, the registrants internal control over financial reporting.
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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 International Diversified Fund
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By:
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/s/ William F. Glavin, Jr.
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William F. Glavin, Jr.
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Principal Executive Officer
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Date:
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3/13/2014
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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.
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By:
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/s/ William F. Glavin, Jr.
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William F. Glavin, Jr.
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Principal Executive Officer
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Date:
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3/13/2014
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By:
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/s/ Brian W. Wixted
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Brian W. Wixted
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Principal Financial Officer
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Date:
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3/13/2014
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Yangzijiang Financial (PK) (USOTC:YNGFF)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Yangzijiang Financial (PK) (USOTC:YNGFF)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024