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OOSCX

Senior Floating Rate Fund

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Overview

The Strategy typically invests in senior loans.

Inception Date
September 8, 1999
Investment Style
Senior Floating Rate
Fund Index
J.P. Morgan Leveraged Loan Index
CUSIP
68381K309
NAV
  • A
(as of 07/13/2018)
$8.12
Total Assets
(as of 06/30/2018)
$15.10 BN
Gross Expense Ratio
(as of 06/30/2018)
1.88%
Net Expense Ratio
(as of 06/30/2018)
1.87%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 06/30/2018
  • B
as of 06/30/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Senior Floating Rate Fund (NAV)
1.22% 3.16% 3.77% 3.11% 4.42% 4.27%
J.P. Morgan Leveraged Loan Index
2.33% 4.74% 4.56% 4.48% 5.15% -
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Senior Floating Rate Fund (with sales charge)
0.22% 2.16% 3.77% 3.11% 4.42% 4.27%
J.P. Morgan Leveraged Loan Index
2.33% 4.74% 4.56% 4.48% 5.15% -
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Senior Floating Rate Fund (NAV)
1.22% 3.16% 3.77% 3.11% 4.42% 4.27%
J.P. Morgan Leveraged Loan Index
2.33% 4.74% 4.56% 4.48% 5.15% -
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Senior Floating Rate Fund (with sales charge)
0.22% 2.16% 3.77% 3.11% 4.42% 4.27%
J.P. Morgan Leveraged Loan Index
2.33% 4.74% 4.56% 4.48% 5.15% -
Gross Expense Ratio: 1.88% | Net Expense Ratio: 1.87%

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 and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated. Class C shares are subject to a 0.75% annual asset-backed sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Year Senior Floating Rate Fund J.P. Morgan Leveraged Loan Index
2000 6.94% 4.94%
2001 -0.29% 2.65%
2002 1.40% 1.12%
2003 10.66% 11.01%
2004 6.66% 5.60%
2005 5.10% 5.69%
2006 6.57% 7.33%
2007 1.01% 1.88%
2008 -29.78% -28.53%
2009 42.78% 44.87%
2010 12.59% 9.97%
2011 1.88% 1.82%
2012 7.92% 9.40%
2013 5.83% 6.15%
2014 -0.20% 2.40%
2015 -2.78% 0.54%
2016 11.88% 9.78%
2017 3.00% 4.25%

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 and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated. Class C shares are subject to a 0.75% annual asset-backed sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Date Senior Floating Rate Fund J.P. Morgan Leveraged Loan Index (Linked Index) BBG Barclays Agg
6/30/2008 0.00 0.00 0.00
7/31/2008 -1.06 -0.97 -0.08
8/31/2008 -1.16 -1.03 0.87
9/30/2008 -5.47 -5.91 -0.49
10/31/2008 -16.25 -17.86 -2.84
11/30/2008 -23.84 -24.39 0.33
12/31/2008 -27.17 -27.25 4.07
1/31/2009 -25.68 -23.05 3.15
2/28/2009 -25.56 -22.79 2.76
3/31/2009 -25.59 -22.04 4.19
4/30/2009 -20.71 -15.79 4.69
5/31/2009 -15.07 -10.99 5.45
6/30/2009 -9.58 -7.54 6.05
7/31/2009 -6.22 -3.71 7.76
8/31/2009 -4.01 -1.56 8.87
9/30/2009 -1.07 1.68 10.02
10/31/2009 0.27 2.34 10.56
11/30/2009 1.28 2.63 11.99
12/31/2009 3.99 5.39 10.24
1/31/2010 6.27 7.29 11.92
2/28/2010 7.05 7.64 12.34
3/31/2010 9.20 9.97 12.20
4/30/2010 11.01 11.37 13.37
5/31/2010 9.30 9.08 14.33
6/30/2010 9.23 8.82 16.12
7/31/2010 10.72 10.37 17.36
8/31/2010 11.33 10.77 18.87
9/30/2010 12.78 12.19 19.00
10/31/2010 14.71 13.83 19.42
11/30/2010 15.47 14.38 18.73
12/31/2010 17.08 15.90 17.45
1/31/2011 18.80 18.18 17.59
2/28/2011 19.68 18.81 17.88
3/31/2011 19.81 18.97 17.95
4/30/2011 20.70 19.69 19.45
5/31/2011 20.88 19.76 21.00
6/30/2011 20.64 19.37 20.65
7/31/2011 20.80 19.57 22.56
8/31/2011 15.63 14.59 24.35
9/30/2011 15.95 14.88 25.26
10/31/2011 18.74 17.86 25.39
11/30/2011 18.20 17.41 25.29
12/31/2011 19.28 18.01 26.66
1/31/2012 21.54 20.36 27.77
2/29/2012 22.58 21.25 27.74
3/31/2012 23.37 22.11 27.04
4/30/2012 23.98 23.07 28.45
5/31/2012 23.12 22.43 29.62
6/30/2012 23.60 23.34 29.67
7/31/2012 24.53 24.54 31.46
8/31/2012 25.68 25.86 31.54
9/30/2012 27.03 27.21 31.72
10/31/2012 27.39 27.64 31.98
11/30/2012 27.93 28.15 32.19
12/31/2012 28.73 29.10 32.00
1/31/2013 30.01 30.54 31.08
2/28/2013 30.35 31.05 31.73
3/31/2013 31.64 32.16 31.84
4/30/2013 32.45 33.15 33.17
5/31/2013 32.82 33.45 30.80
6/30/2013 32.27 32.72 28.77
7/31/2013 33.39 34.14 28.95
8/31/2013 33.58 34.19 28.29
9/30/2013 33.84 34.58 29.51
10/31/2013 34.76 35.66 30.55
11/30/2013 35.50 36.31 30.06
12/31/2013 36.24 37.04 29.33
1/31/2014 36.74 38.00 31.24
2/28/2014 36.96 38.31 31.94
3/31/2014 37.33 38.82 31.71
4/30/2014 37.24 39.14 32.82
5/31/2014 37.82 39.99 34.34
6/30/2014 38.51 40.84 34.41
7/31/2014 38.41 40.78 34.07
8/31/2014 38.33 41.10 35.55
9/30/2014 37.41 40.38 34.63
10/31/2014 37.52 41.02 35.95
11/30/2014 37.91 41.67 36.92
12/31/2014 35.98 40.32 37.04
1/31/2015 35.89 40.91 39.92
2/28/2015 37.61 42.89 38.60
3/31/2015 37.83 43.58 39.25
4/30/2015 38.73 44.80 38.75
5/31/2015 38.78 44.95 38.41
6/30/2015 37.98 44.54 36.90
7/31/2015 38.24 44.98 37.86
8/31/2015 37.27 44.17 37.66
9/30/2015 36.14 43.44 38.59
10/31/2015 35.91 43.49 38.61
11/30/2015 33.92 42.16 38.25
12/31/2015 32.20 41.08 37.80
1/31/2016 30.26 40.20 39.69
2/29/2016 29.16 39.60 40.69
3/31/2016 33.18 43.47 41.98
4/30/2016 36.12 45.95 42.52
5/31/2016 37.87 47.27 42.56
6/30/2016 38.19 47.17 45.12
7/31/2016 40.13 49.22 46.04
8/31/2016 41.32 50.34 45.87
9/30/2016 43.24 51.60 45.78
10/31/2016 45.31 52.55 44.67
11/30/2016 45.92 53.13 41.25
12/31/2016 47.90 54.88 41.45
1/31/2017 48.50 55.54 41.72
2/28/2017 49.58 56.45 42.68
3/31/2017 49.46 56.55 42.60
4/30/2017 49.64 57.09 43.70
5/31/2017 49.82 57.66 44.81
6/30/2017 49.47 57.74 44.66
7/31/2017 50.62 58.93 45.29
8/31/2017 50.42 58.82 46.59
9/30/2017 50.44 59.49 45.89
10/31/2017 51.26 60.55 45.97
11/30/2017 51.14 60.81 45.79
12/31/2017 52.33 61.46 46.46
1/31/2018 53.69 63.19 44.77
2/28/2018 54.04 63.44 43.40
3/31/2018 53.87 64.01 44.32
4/30/2018 54.05 64.73 43.24
5/31/2018 54.49 65.09 44.27
6/30/2018 54.18 65.22 44.09
Date Dividends
7/30/2008 0.0397
8/29/2008 0.0427
9/30/2008 0.0417
10/30/2008 0.0442
11/28/2008 0.0502
12/30/2008 0.1584
1/29/2009 0.0342
2/27/2009 0.043
3/31/2009 0.0375
4/29/2009 0.0194
5/29/2009 0.0283
6/30/2009 0.0241
7/30/2009 0.0262
8/31/2009 0.0318
9/30/2009 0.0245
10/29/2009 0.0287
11/30/2009 0.0398
12/30/2009 0.044
1/28/2010 0.0373
2/26/2010 0.0419
3/31/2010 0.0398
4/29/2010 0.0203
5/28/2010 0.037
6/30/2010 0.0352
7/30/2010 0.0387
8/31/2010 0.0343
9/30/2010 0.0352
10/29/2010 0.0393
11/30/2010 0.034
12/30/2010 0.0556
1/31/2011 0.0321
2/28/2011 0.0319
3/31/2011 0.039
4/29/2011 0.0328
5/31/2011 0.0327
6/30/2011 0.033
7/29/2011 0.0308
8/31/2011 0.0333
9/30/2011 0.0318
10/31/2011 0.0313
11/30/2011 0.0335
12/29/2011 0.0332
1/31/2012 0.0327
2/29/2012 0.0302
3/30/2012 0.033
4/30/2012 0.031
5/31/2012 0.0328
6/29/2012 0.032
7/31/2012 0.0315
8/31/2012 0.0355
9/28/2012 0.0288
10/31/2012 0.0331
11/30/2012 0.035
12/28/2012 0.0323
1/31/2013 0.0325
2/28/2013 0.0219
3/28/2013 0.0322
4/30/2013 0.0323
5/31/2013 0.0336
6/28/2013 0.025
7/31/2013 0.0305
8/30/2013 0.032
9/30/2013 0.0263
10/31/2013 0.028
11/29/2013 0.0258
12/30/2013 0.0262
1/31/2014 0.031
2/28/2014 0.0232
3/31/2014 0.0232
4/30/2014 0.024
5/30/2014 0.0256
6/30/2014 0.0222
7/31/2014 0.0239
8/29/2014 0.0252
9/30/2014 0.0243
10/31/2014 0.0266
11/28/2014 0.0234
12/31/2014 0.0344
1/30/2015 0.0247
2/27/2015 0.0224
3/31/2015 0.0231
4/30/2015 0.0236
5/29/2015 0.0225
6/30/2015 0.0232
7/31/2015 0.025
8/31/2015 0.0234
9/30/2015 0.0241
10/30/2015 0.0265
11/30/2015 0.0246
12/31/2015 0.0305
1/29/2016 0.0285
2/29/2016 0.0271
3/31/2016 0.0295
4/29/2016 0.0272
5/31/2016 0.0294
6/30/2016 0.0281
7/29/2016 0.0293
8/31/2016 0.0268
9/30/2016 0.0272
10/31/2016 0.0252
11/30/2016 0.0239
12/30/2016 0.0294
1/31/2017 0.0234
2/28/2017 0.0195
3/31/2017 0.0235
4/28/2017 0.0199
5/31/2017 0.0197
6/30/2017 0.0207
7/31/2017 0.0229
8/31/2017 0.0289
9/29/2017 0.021
10/31/2017 0.0243
11/30/2017 0.0233
12/29/2017 0.0238
1/31/2018 0.0226
2/28/2018 0.0187
3/29/2018 0.0212
4/30/2018 0.0193
5/31/2018 0.0234
6/29/2018 0.0237

There is no guarantee of the payment of any dividend or other distributions at any level.

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 and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated. Class C shares are subject to a 0.75% annual asset-backed sales charge. Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 07/13/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Industries

(98.9% of assets as of 06/30/2018)


Portfolio Holdings Breakdown

Country
Asset Allocation
Credit Rating Allocation 5
Country Senior Floating Rate Fund J.P. Morgan Leveraged Loan Index Overweight / Underweight
United States 87.1% 88.9% -1.8%
United Kingdom 3.2% 2.3% 0.9%
Canada 2.4% 2.2% 0.2%
Luxembourg 1.8% 1.2% 0.6%
Netherlands 1.6% 1.0% 0.5%
France 0.6% 0.5% 0.1%
Marshall Islands 0.5% 0.1% 0.4%
Australia 0.5% 0.5% 0.1%
Puerto Rico 0.4% 0.1% 0.3%
New Zealand 0.3% 0.3% 0.0%
Jamaica 0.3% 0.1% 0.2%
Denmark 0.3% 0.1% 0.2%
Belgium 0.3% 0.1% 0.2%
Brazil 0.2% 0.3% -0.1%
Isle of Man 0.2% 0.1% 0.1%
Germany 0.2% 0.6% -0.4%
Norway 0.1% 0.1% 0.0%
Trinidad and Tobago 0.1% 0.1% 0.1%
Asset Allocation Senior Floating Rate Fund J.P. Morgan Leveraged Loan Index Overweight / Underweight
Senior Loans 95.0% 99.7% -4.7%
Equity 3.9% - -
Corporate Bonds 1.1% - -
Credit Rating Allocation Senior Floating Rate Fund J.P. Morgan Leveraged Loan Index Overweight / Underweight
BBB 1.8% 9.4% -7.6%
BB 38.9% 34.0% 4.9%
B 45.4% 45.9% -0.6%
CCC 1.8% 1.9% 0.0%
Unrated 8.3% 8.5% -0.2%
Other 3.9% 0.3% 3.7%
Analytics
(As of 06/30/2018)

Morningstar 06/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
205
Category
Bank Loan
Performance Statistics
3Y
5Y
Alpha
-1.87
-2.24
Beta
1.30
1.24
Information Ratio
-0.66
-1.37
R-Squared
92.37
90.97
Sharpe Ratio
0.91
0.94
Standard Deviation
3.34
2.83
Sortino Ratio
0.52
0.51
Tracking Error
1.19
0.99
Dividends
  • D
Est. Frequency
Monthly
Last Pay Date
6/29/2018
Per Share ($)
$0.0237
12-Month Distribution ($)
$0.2731
Portfolio Characteristics
Fund
Fund Index
Yield to Worst
7.29%
0.06%
Average Effective Maturity
4.71 yrs
5.46 yrs
Current Duration
0.20 yrs
-
Average Coupon
5.54%
-
Effective Coupon
5.54%
-
Effective Discount Margin
489.86 bps
437.02 bps
Loan Average Price
$97.92
$98.40
Turnover Ratio
77%
-
Yields
Dividend Yield (with sales charge)
0.00%
Dividend Yield (w/o sales charge)
3.56%
Standardized Yield
3.56%
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
Documents
  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. 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.
  5. 5. 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.
  6. 6. 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.
  7. 7. 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.
  8. 8. 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.
  9. A. 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.
  10. B. 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 and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated. Class C shares are subject to a 0.75% annual asset-backed sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
  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. There is no guarantee of the payment of any dividend or other distributions at any level.
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