Spoof Access

×
U.S. Flag United States
Financial Advisor
×

Domestic Debt

The Strategy typically invests in senior loans.
×

Find a consultant near you to get started

Enter your firm name
Enter a valid 5 digit zip code
* All fields required and intended for Financial Advisor use only
Cumulative Total Returns

as of 7/31/17

Since Inception 9/8/99
136%
Performance & Distributions
×

Domestic Debt

Gross Expense Ratio:
      1.11%
    Net Expense Ratio:   1.11%

    The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions and a 3.50% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.

    Cumulative Returns
    • A

    Compare to Indices

    Senior Floating Rate Fund
    VALUE of $10,000.00

    Income Dividend History
    • B

    No income dividends were paid during this time.
    Calendar Year Returns % (w/o sales charge)
    Data as of 8/21/17
      1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD
    • C
    Senior Floating Rate Fund 7.47 0.18 1.92 11.23 7.20 5.64 7.11 1.52 -29.48 43.51 13.15 2.37 8.44 6.41 0.55 -2.06 12.72 2.13
    JPMorgan Leveraged Loan Index 4.94 2.65 1.12 11.01 5.60 5.69 7.33 1.88 -28.53 44.87 9.97 1.82 9.40 6.15 2.40 0.54 9.78

    The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions and a 3.50% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.

    Average Annual Total Returns
    • A

    as of 7/31/17

    as of 6/30/17

    • A
    YTD (as of 8/21/17)
    • C
    2.13%
    1 Year 8.30%
    3 Year 3.59%
    5 Year 4.59%
    10 Year 4.55%
    Since Inception 4.92%
    YTD (as of 8/21/17)
    • C
    2.13%
    1 Year 4.51%
    3 Year 2.37%
    5 Year 3.85%
    10 Year 4.18%
    Since Inception 4.72%
    YTD (as of 8/21/17)
    • C
    2.13%
    1 Year 8.98%
    3 Year 3.34%
    5 Year 4.58%
    10 Year 4.09%
    Since Inception 4.90%
    YTD (as of 8/21/17)
    • C
    2.13%
    1 Year 5.16%
    3 Year 2.12%
    5 Year 3.84%
    10 Year 3.72%
    Since Inception 4.69%
    Gross Expense Ratio
    1.11%
    NAV
    • D
    as of 8/21/17
    $8.12
    Yields

    monthly as of 7/31/17

    Standardized SEC Yield 4.62%
    Dividend Yield
    with sales charge
    3.90%
    Dividend Yield
    w/o sales charge
    4.05%

    The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions and a 3.50% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.

    Top Industries

    07/31/17

    Technology
    10.6%
    Services
    9.5%
    Gaming Lodging and Leisure
    7.8%
    Cable and Satellite
    6.1%
    Broadcasting
    5.8%
    Healthcare
    5.7%
    Retail
    5.3%
    Telecommunications
    5.2%
    Diversified Media
    4.3%
    Utility
    4.3%
    Metals and Mining
    3.8%
    Transportation
    3.5%
    Energy
    3.3%
    Financial
    3.3%
    Food and Beverages
    3.0%
    Automotive
    2.8%
    Chemicals
    2.7%
    Industrials
    2.6%
    Consumer Products
    1.6%
    Paper and Packaging
    1.6%
    ×
    • 10.6%
      Technology
    ASSET ALLOCATION Senior Loans
    COUNTRY Cayman Islands, India, United Kingdom, United States
    CREDIT RATING ALLOCATION BBB, BB, B, Unrated
    ×
    • 9.5%
      Services
    ASSET ALLOCATION Senior Loans
    COUNTRY Australia, Canada, Luxembourg, United Kingdom, United States
    CREDIT RATING ALLOCATION BB, B, CCC
    ×
    • 7.8%
      Gaming Lodging and Leisure
    ASSET ALLOCATION Senior Loans
    COUNTRY Canada, United Kingdom, United States
    CREDIT RATING ALLOCATION BB, B, CCC
    ×
    • 6.1%
      Cable and Satellite
    ASSET ALLOCATION Senior Loans
    COUNTRY Canada, France, Luxembourg, Netherlands, Puerto Rico, United States
    CREDIT RATING ALLOCATION BBB, B
    ×
    • 5.8%
      Broadcasting
    ASSET ALLOCATION Equity, Senior Loans
    COUNTRY United States
    CREDIT RATING ALLOCATION BB, B, CCC, Other
    ×
    • 5.7%
      Healthcare
    ASSET ALLOCATION Senior Loans
    COUNTRY Spain, United States
    CREDIT RATING ALLOCATION BBB, BB, B, D, Unrated
    ×
    • 5.3%
      Retail
    ASSET ALLOCATION Senior Loans
    COUNTRY United States
    CREDIT RATING ALLOCATION BBB, BB, B, CCC, Unrated
    ×
    • 5.2%
      Telecommunications
    ASSET ALLOCATION Senior Loans
    COUNTRY United States
    CREDIT RATING ALLOCATION BBB, BB, B, CCC
    ×
    • 4.3%
      Diversified Media
    ASSET ALLOCATION Senior Loans
    COUNTRY Luxembourg, Netherlands, United States
    CREDIT RATING ALLOCATION BB, B, Unrated
    ×
    • 4.3%
      Utility
    ASSET ALLOCATION Senior Loans
    COUNTRY Netherlands, United States
    CREDIT RATING ALLOCATION BBB, BB, B, CCC
    ×
    • 3.8%
      Metals and Mining
    ASSET ALLOCATION Senior Loans
    COUNTRY United States
    CREDIT RATING ALLOCATION BB, B, Other
    ×
    • 3.5%
      Transportation
    ASSET ALLOCATION Senior Loans
    COUNTRY Canada, Ireland, Luxembourg, Marshall Islands, Netherlands, United States
    CREDIT RATING ALLOCATION BBB, BB, B, CCC, Unrated
    ×
    • 3.3%
      Energy
    ASSET ALLOCATION Equity, Senior Loans
    COUNTRY Canada, Cyprus, Norway, United Kingdom, United States
    CREDIT RATING ALLOCATION BB, B, CCC, CC, Other
    ×
    • 3.3%
      Financial
    ASSET ALLOCATION Equity, Senior Loans
    COUNTRY United Kingdom, United States
    CREDIT RATING ALLOCATION BB, B, CCC, Unrated, Other
    ×
    • 3.0%
      Food and Beverages
    ASSET ALLOCATION Senior Loans
    COUNTRY Canada, Netherlands, United States
    CREDIT RATING ALLOCATION BBB, BB, B
    ×
    • 2.8%
      Automotive
    ASSET ALLOCATION Senior Loans
    COUNTRY United Kingdom, United States
    CREDIT RATING ALLOCATION BBB, BB, B
    ×
    • 2.7%
      Chemicals
    ASSET ALLOCATION Senior Loans
    COUNTRY Germany, Netherlands, United Kingdom, United States
    CREDIT RATING ALLOCATION BB, B
    ×
    • 2.6%
      Industrials
    ASSET ALLOCATION Senior Loans
    COUNTRY South Korea, United States
    CREDIT RATING ALLOCATION BBB, BB, B
    ×
    • 1.6%
      Consumer Products
    ASSET ALLOCATION Equity, Senior Loans
    COUNTRY Canada, Luxembourg, United States
    CREDIT RATING ALLOCATION BBB, BB, B, Other
    ×
    • 1.6%
      Paper and Packaging
    ASSET ALLOCATION Senior Loans
    COUNTRY Luxembourg, New Zealand, United States
    CREDIT RATING ALLOCATION BB, B
    Holdings Breakdown

    as of 07/31/17

    83.2%

    United States

    2.2%

    Luxembourg

    2.0%

    United Kingdom

    1.6%

    Canada

    1.6%

    Netherlands

    0.5%

    France

    0.5%

    Spain

    0.4%

    Puerto Rico

    0.3%

    Cyprus

    0.3%

    New Zealand

    0.3%

    Australia

    0.2%

    India

    0.2%

    Cayman Islands

    0.2%

    Marshall Islands

    0.2%

    South Korea

    0.2%

    Ireland

    0.2%

    Germany

    0.1%

    Norway

    41.8%

    33.6%

    5.7%

    5.7%

    4.4%

    2.2%

    0.7%

    0.1%

    91.5%

    2.2%

    0.5%

    No Industry
    in
    Corporate Bonds
    Risk Measurements

    as of 07/31/17

    Alpha -1.53%
    Beta 1.27
    R-Squared
    93.20
    Sharpe Ratio
    0.94
    Standard Deviation
    3.55%
    Sortino Ratio
    0.53
    Information Ratio
    -0.46
    Equity Style
    Total Assets (all classes)
    as of 7/31/17
    $14.7 BN
    Portfolio Statistics

    as of 7/31/17

    Turnover Ratio
    28.00%
    Duration (yrs)
    0.2
    Dividends ($ per share)
    • B
    Est Frequency Monthly
    Last Pay Date 7/31/17
    Per Share ($) 0.0280
    12-Month Distribution ($) 0.3423
    Distribution Sources
    Net Income 100.00%
    Net Profit from Sale 0.00%
    Other Capital Sources 0.00%
    Top Industries

    07/31/17

    Technology
    10.6%
    Services
    9.5%
    Gaming Lodging ...
    7.8%
    Cable and Satel...
    6.1%
    Broadcasting
    5.8%
    Healthcare
    5.7%
    Retail
    5.3%
    Telecommunicati...
    5.2%
    Diversified Med...
    4.3%
    Utility
    4.3%
    Metals and Mini...
    3.8%
    Transportation
    3.5%
    Energy
    3.3%
    Financial
    3.3%
    Food and Bevera...
    3.0%
    Automotive
    2.8%
    Chemicals
    2.7%
    Industrials
    2.6%
    Consumer Produc...
    1.6%
    Paper and Packa...
    1.6%
    Holdings Breakdown

    as of 07/31/17

    Reset
    83.2%

    United States

    2.2%

    Luxembourg

    2.0%

    United Kingdom

    1.6%

    Canada

    1.6%

    Netherlands

    0.5%

    France

    0.5%

    Spain

    0.4%

    Puerto Rico

    0.3%

    Cyprus

    0.3%

    New Zealand

    0.3%

    Australia

    0.2%

    India

    0.2%

    Cayman Islands

    0.2%

    Marshall Islands

    0.2%

    South Korea

    0.2%

    Ireland

    0.2%

    Germany

    0.1%

    Norway

    41.8%

    33.6%

    5.7%

    5.7%

    4.4%

    2.2%

    0.7%

    0.1%

    91.5%

    2.2%

    0.5%

    No Industry
    in
    Corporate Bonds
    ×
    • 10.6%
      Technology
    ASSET ALLOCATION Senior Loans
    COUNTRY Cayman Islands, India, United Kingdom, United States
    CREDIT RATING ALLOCATION BBB, BB, B, Unrated
    ×
    • 9.5%
      Services
    ASSET ALLOCATION Senior Loans
    COUNTRY Australia, Canada, Luxembourg, United Kingdom, United States
    CREDIT RATING ALLOCATION BB, B, CCC
    ×
    • 7.8%
      Gaming Lodging and Leisure
    ASSET ALLOCATION Senior Loans
    COUNTRY Canada, United Kingdom, United States
    CREDIT RATING ALLOCATION BB, B, CCC
    ×
    • 6.1%
      Cable and Satellite
    ASSET ALLOCATION Senior Loans
    COUNTRY Canada, France, Luxembourg, Netherlands, Puerto Rico, United States
    CREDIT RATING ALLOCATION BBB, B
    ×
    • 5.8%
      Broadcasting
    ASSET ALLOCATION Equity, Senior Loans
    COUNTRY United States
    CREDIT RATING ALLOCATION BB, B, CCC, Other
    ×
    • 5.7%
      Healthcare
    ASSET ALLOCATION Senior Loans
    COUNTRY Spain, United States
    CREDIT RATING ALLOCATION BBB, BB, B, D, Unrated
    ×
    • 5.3%
      Retail
    ASSET ALLOCATION Senior Loans
    COUNTRY United States
    CREDIT RATING ALLOCATION BBB, BB, B, CCC, Unrated
    ×
    • 5.2%
      Telecommunications
    ASSET ALLOCATION Senior Loans
    COUNTRY United States
    CREDIT RATING ALLOCATION BBB, BB, B, CCC
    ×
    • 4.3%
      Diversified Media
    ASSET ALLOCATION Senior Loans
    COUNTRY Luxembourg, Netherlands, United States
    CREDIT RATING ALLOCATION BB, B, Unrated
    ×
    • 4.3%
      Utility
    ASSET ALLOCATION Senior Loans
    COUNTRY Netherlands, United States
    CREDIT RATING ALLOCATION BBB, BB, B, CCC
    ×
    • 3.8%
      Metals and Mining
    ASSET ALLOCATION Senior Loans
    COUNTRY United States
    CREDIT RATING ALLOCATION BB, B, Other
    ×
    • 3.5%
      Transportation
    ASSET ALLOCATION Senior Loans
    COUNTRY Canada, Ireland, Luxembourg, Marshall Islands, Netherlands, United States
    CREDIT RATING ALLOCATION BBB, BB, B, CCC, Unrated
    ×
    • 3.3%
      Energy
    ASSET ALLOCATION Equity, Senior Loans
    COUNTRY Canada, Cyprus, Norway, United Kingdom, United States
    CREDIT RATING ALLOCATION BB, B, CCC, CC, Other
    ×
    • 3.3%
      Financial
    ASSET ALLOCATION Equity, Senior Loans
    COUNTRY United Kingdom, United States
    CREDIT RATING ALLOCATION BB, B, CCC, Unrated, Other
    ×
    • 3.0%
      Food and Beverages
    ASSET ALLOCATION Senior Loans
    COUNTRY Canada, Netherlands, United States
    CREDIT RATING ALLOCATION BBB, BB, B
    ×
    • 2.8%
      Automotive
    ASSET ALLOCATION Senior Loans
    COUNTRY United Kingdom, United States
    CREDIT RATING ALLOCATION BBB, BB, B
    ×
    • 2.7%
      Chemicals
    ASSET ALLOCATION Senior Loans
    COUNTRY Germany, Netherlands, United Kingdom, United States
    CREDIT RATING ALLOCATION BB, B
    ×
    • 2.6%
      Industrials
    ASSET ALLOCATION Senior Loans
    COUNTRY South Korea, United States
    CREDIT RATING ALLOCATION BBB, BB, B
    ×
    • 1.6%
      Consumer Products
    ASSET ALLOCATION Equity, Senior Loans
    COUNTRY Canada, Luxembourg, United States
    CREDIT RATING ALLOCATION BBB, BB, B, Other
    ×
    • 1.6%
      Paper and Packaging
    ASSET ALLOCATION Senior Loans
    COUNTRY Luxembourg, New Zealand, United States
    CREDIT RATING ALLOCATION BB, B

    Management

    Joseph Welsh, CFA

    Managed Fund since 9/99

    David Lukkes, CFA

    Managed Fund since 10/15

    Investment Approach

    The team seeks to invest in the most attractively valued opportunities across the credit spectrum commensurate with underlying risks and other factors. While portfolio managers establish the overall strategy and continuously monitor portfolio level risk exposures, credit analysts are charged with conducting bottom-up, fundamental analysis across the credit spectrum that drives industry allocation and security selection decisions. The result is an actively managed, diversified portfolio of attractively valued senior loans.

    Risk Management

    Our team limits exposure to individual companies, industries and sectors, seeking to limit volatility through company quality and diversification. Risk Management Overview

    We conduct rigorous fundamental research to identify individual companies with asymmetrical risk/return opportunities. Risk Management Overview

    At the portfolio level, our experienced investment personnel closely monitor the strategy's positioning, and the active risk resulting from our security selection process and sector allocations. We evaluate factor and style exposure, as well as the ownership and liquidity profile of each security in the portfolio. Risk Management Overview

    Our team proactively manages risk by constructing diversified portfolios across sectors, industry groups and securities. We manage, monitor and limit sector weights relative to specified benchmarks and security position sizes within each portfolio. Risk Management Overview

    Our team closely monitors position size and sector weights; we have limits on active security weights against the benchmark for each strategy we manage. Risk Management Overview

    Risk is managed at the portfolio, strategy and security levels to identify diversified sources of alpha. We mainly focus on currency, interest rates and credit. Positions are sized and monitored according to established limits. Risk Management Overview

    We focus primarily on senior loans in an effort to maintain product integrity and limit duration risk. Risk Management Overview

    The team manages risk at both a strategy and individual security level to help ensure that, when combined, they act as the ballast in an investor’s overall portfolio. Risk Management Overview

    Risk is managed at the portfolio, strategy and security levels to identify diversified sources of alpha. We seek to identify primary and secondary risks of each investment. Diversification of sectors can potentially reduce volatility. Risk Management Overview

    The team manages risk by administering duration limits, limiting portfolio weighted average maturity and conducting thorough credit analysis on individual securities. Risk Management Overview

    The Rochester team has created diverse portfolios designed to mitigate the types of risks that municipal bond investors may encounter. Risk Management Overview

    The Commodities team manages risk on multiple levels, including individual commodity sector levels and overall fund level. Risk Management Overview

    The Real Estate team monitors and manages risk at the security, sector and strategy levels. Risk Management Overview

    The Global Multi-Asset Group monitors and manages risk on an ongoing basis, both at the asset class and portfolio levels. Risk Management Overview

    We emphasize capital preservation by avoiding companies that may cut distributions. We seek to build diversified portfolios comprised of energy and energy related companies with attractive risk-adjusted total return potential. Risk Management Overview

    The Alternative Strategies team evaluates risk on multiple levels, applying numerous risk analysis methods on an ongoing basis in addition to assessing risk impacts of a position prior to making investment decisions. Risk Management Overview

    Risk is monitored by quantitative risk system and managed at many levels – stock, sector, country, and style factors. We seek to diversify the portfolio across the global listed infrastructure market and adhere to an established risk framework, including constraints imposed by position limits versus a benchmark. Risk Management Overview

    We monitor and manage both security and sector weights to the underlying index to ensure that the portfolio is properly tracking its benchmark. Also, partnering with well-known index providers ensures that we hold only high quality securities that pass very stringent profitability and liquidity screens. Risk Management Overview

    ×
    1. 1. Special Risks: Senior loans are typically lower-rated and may be illiquid investments (which may not have a ready market). The Fund may invest without limit in below-investment-grade securities. The Fund may invest a variable amount in debt rated below "B." May invest 25% or more of its assets in securities issued by companies in the financial services sector which may be susceptible to economic and regulatory events, and increased volatility. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. Leverage (borrowing) involves transaction and interest costs on amounts borrowed, which may reduce performance.
    2. 2. The net expense ratio (where applicable) also takes into account contractual fee waivers and/or expense reimbursements without which performance would have been less. These undertakings may not be amended or withdrawn for one year from the date of the current prospectus, unless approved by the Board.
    3. 3. Access index definitions.
    4. 4. The dividend (or distribution) yield is based on the pay date immediately preceding the nearest month-end or quarter-end. The dividend yield for each share class is calculated by annualizing the dividend distributed by the class on that date and dividing that figure by the class's net asset value on that date. For the Class A dividend yield with sales charge, the annualized Class A dividend distribution is divided by the Class A maximum offering price on that date. Each result is compounded semiannually and annualized. Falling share prices artificially increase yields.
    5. 5. Standardized yield for each share class is based on an SEC standardized formula designed to approximate a Fund's annualized hypothetical current income from securities less expenses for the 30-day period ending and including the most recent month-end or quarter-end and either that date's maximum offering price (Class A shares) or net asset value (for other share classes). The month-end figure is typically calculated on the fifth business day of the next month. The result is compounded semiannually and annualized. Falling share prices artificially increase yields.
    6. 6. Holdings are subject to change, and are dollar weighted based on total net assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the fund's net asset value and fluctuations of dividends and distributions paid by the fund.
    7. 7. If included in the credit rating breakdown table above, all securities except for those labeled "Treasury", "Agency," and "Unrated," have been rated by at least one Nationally Recognized Statistical Rating Organization ("NRSRO"), such as S&P Global Ratings ("S&P"). For securities rated only by an NRSRO other than S&P, OppenheimerFunds converts that rating to the equivalent S&P rating. If two or more NRSROs have assigned a rating to a security, the highest S&P equivalent rating is used. Unrated securities do not necessarily indicate low credit quality, and may or may not be the equivalent of investment-grade. "Investment-grade" securities are securities rated within the NRSROs four highest rating categories, which include AAA, AA, A and BBB. Please consult the Fund's Prospectus and Statement of Additional Information for further information.
    8. 8. Certain senior loans have a feature that prevents their interest rates from adjusting below a specified minimum level, possibly resulting in the prices of these senior loans becoming more sensitive to changes in interest rates should short term interest rates rise but remain below that minimum level. This feature is not accounted for in the duration figure quoted above.
    9. A. The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions and a 3.50% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.
    10. B. There is no guarantee of the payment of any dividend or other distributions at any level.
    11. C. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund). These returns would be lower if sales charges were taken into consideration. Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions.
    12. D. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.
    ×
    Loading...
    Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )