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Oppenheimer Small Cap Value Thrives with New Look

Management duo refashions fund.


It's not just this fund's name that's new this year. Oppenheimer Quest Small Cap Fund is now Oppenheimer Small Cap Value Fund (QVSCX), but more importantly, the fund is slowly becoming quite similar to sibling Oppenheimer Main Street Small Cap (OPMSX). Chuck Albers and Mark Zavanelli, who also manage Main Street Small Cap, took over this fund last April and are managing it using a similar, quantitatively driven process. They have taken this fund's number of holdings up to about 450, from about 50. And as they do with Main Street Small Cap, they're aiming for the small-cap blend square of the style box here. Thus, they have ratcheted up the fund's technology weighting to the mid-20% range, a stake that towers above the small-blend average.

The fund's strong 12-month performance stems in part from Zavanelli and Albers' sizable stake in energy stocks. Indeed, holdings like Helmerich & Payne (HP) have done quite well in both 2000 and 2001. What's more, industrials like Circor (CIR) have performed well, too.

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Catherine Hickey does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.