Sports teams become champions by scoring more points than they give up. Oppenheimer Capital Income Fund aspires to do the same for investors who want to limit their portfolio’s downside risk without sacrificing its upside potential.

By carefully blending a variety of strategies and asset classes, Oppenheimer Capital Income Fund has the potential to deliver high risk-adjusted returns. The equity strategy targets companies whose earnings power may improve as a result of a change in long-term trends, while the fixed income portion seeks competitive returns with low-to-moderate volatility by targeting high quality corporate, mortgage and government fixed income securities. The opportunistic strategy targets investments in asset classes with different types of returns that can help diversify the portfolio.

Over the past five years, these strategies have helped the portfolio capture most of the market’s upside movements, while limiting downside movements to a greater extent than its Morningstar category average.

1. Source: Morningstar Direct. Morningstar Conservative Allocation Category is shown for illustrative purposes only and does not predict or depict the performance of the Fund. Up-Market Capture Ratio is a measure of a manager’s performance in up markets relative to an index. Down-Market Capture Ratio is the direct opposite of the up-market capture ratio, gauging performance of the Fund relative to the index in down markets.
2. Performance data quoted shows specific periods when the S&P 500 has been down relative to Oppenheimer Capital Income Fund and the Morningstar Conservative Allocation Average.
3. Max Drawdown: A percentage of the peak-to-trough decline during a specific record period of an investment, fund or commodity. Sharpe Ratio: A measure that indicates the average return minus the risk-free return divided by the standard deviation of return on an investment.
4. The S&P 500 Index is a free-float capitalization-weighted index of the prices of 500 large-cap common stocks actively traded in the United States.
5. The Bloomberg Barclays U.S. Aggregate Bond Index is an index of U.S. dollar-denominated investment-grade U.S. corporate government and mortgage-backed securities.
Indices are unmanaged and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict the performance of the Fund.