OPBIX

Total Return Bond Fund

Overview

The Strategy typically invests in U.S. investment-grade fixed income instruments.

Inception Date
April 27, 2012
Investment Style
Intermediate Investment Grade Bond
Fund Index
Bloomberg Barclays US Aggregate Bond Index
CUSIP
00143W602
NAV
  • A
(as of 06/19/2019)
$6.89
Total Assets
(as of 05/31/2019)
$2.08 BN
Gross Expense Ratio
(as of 05/25/2019)
0.39%
Net Expense Ratio
(as of 05/25/2019)
0.39%
Performance
Average Annual Total Returns
Dividends
Calendar Year Returns
Capital Gains Distributions
as of 05/31/2019
  • B
as of 03/31/2019
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
3 mo ytd as of 2019-03-31
  • C
1 yr 3 yr 5 yr since inception
Total Return Bond Fund (NAV)
3.83% 3.83% 4.94% 2.79% 3.17% 3.64%
Bloomberg Barclays US Aggregate Bond Index
2.94% 2.94% 4.48% 2.03% 2.74% -
Cumulative
Annualized
3 mo ytd as of 2019-03-31
  • C
1 yr 3 yr 5 yr since inception
Total Return Bond Fund (with sales charge)
3.83% 3.83% 4.94% 2.79% 3.17% 3.64%
Bloomberg Barclays US Aggregate Bond Index
2.94% 2.94% 4.48% 2.03% 2.74% -
Cumulative
Annualized
3 mo ytd as of 2019-05-31
  • C
1 yr 3 yr 5 yr since inception
Total Return Bond Fund (NAV)
3.77% 5.68% 6.98% 3.08% 3.09% 3.81%
Bloomberg Barclays US Aggregate Bond Index
3.76% 4.80% 6.40% 2.50% 2.70% -
Cumulative
Annualized
3 mo ytd as of 2019-05-31
  • C
1 yr 3 yr 5 yr since inception
Total Return Bond Fund (with sales charge)
3.77% 5.68% 6.98% 3.08% 3.09% 3.81%
Bloomberg Barclays US Aggregate Bond Index
3.76% 4.80% 6.40% 2.50% 2.70% -
Gross Expense Ratio: 0.39% | Net Expense Ratio: 0.39%

The performance data quoted represents past performance, which does not guarantee future results.  The investments 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.  Class R6 shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

Class W and Class I shares were reorganized into Class Y and Class R6 shares, respectively.


Year Total Return Bond Fund Bloomberg Barclays US Aggregate Bond Index
2013 0.02% -2.02%
2014 7.16% 5.97%
2015 0.85% 0.55%
2016 2.96% 2.65%
2017 4.81% 3.54%
2018 -0.77% 0.01%

The performance data quoted represents past performance, which does not guarantee future results.  The investments 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.  Class R6 shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

Class W and Class I shares were reorganized into Class Y and Class R6 shares, respectively.


Date Dividends
6/30/2014 0.0186
7/31/2014 0.0198
8/29/2014 0.0224
9/30/2014 0.0198
10/31/2014 0.0219
11/28/2014 0.0186
12/31/2014 0.0269
1/30/2015 0.0203
2/27/2015 0.0176
3/31/2015 0.0201
4/30/2015 0.0206
5/29/2015 0.02
6/30/2015 0.0193
7/31/2015 0.0202
8/31/2015 0.0187
9/30/2015 0.0197
10/30/2015 0.02
11/30/2015 0.0171
12/31/2015 0.0263
1/29/2016 0.0165
2/29/2016 0.0165
3/31/2016 0.0169
4/29/2016 0.0159
5/31/2016 0.016
6/30/2016 0.016
7/29/2016 0.0148
8/31/2016 0.0148
9/30/2016 0.0155
10/31/2016 0.0149
11/30/2016 0.0156
12/30/2016 0.0171
1/31/2017 0.0158
2/28/2017 0.0152
3/31/2017 0.0167
4/28/2017 0.0168
5/31/2017 0.0183
6/30/2017 0.0185
7/31/2017 0.0166
8/31/2017 0.0194
9/29/2017 0.0174
10/31/2017 0.0172
11/30/2017 0.0176
12/29/2017 0.0216
1/31/2018 0.0185
2/28/2018 0.0178
3/29/2018 0.0191
4/30/2018 0.0193
5/31/2018 0.0198
6/29/2018 0.0202
7/31/2018 0.0203
8/31/2018 0.0202
9/28/2018 0.0189
10/31/2018 0.0191
11/30/2018 0.0206
12/31/2018 0.0214
1/31/2019 0.0203
2/28/2019 0.0201
3/29/2019 0.0203
4/30/2019 0.0205
5/31/2019 0.0194

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 investments 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.  Class R6 shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

Class W and Class I shares were reorganized into Class Y and Class R6 shares, respectively.

$ per share as of 06/18/2019

Date 2014 2015 2016 2017 2018
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 Fixed Income Sectors

(100.1% of assets as of 05/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Credit Rating Allocation 7
Country Total Return Bond Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
United States 93.8% 92.0% 1.8%
United Kingdom 2.9% 1.2% 1.8%
Canada 1.5% 1.1% 0.3%
France 1.1% 0.2% 0.9%
Germany 1.1% 0.6% 0.5%
Switzerland 0.9% 0.1% 0.7%
Netherlands 0.5% 0.4% 0.2%
Ireland 0.4% 0.0% 0.3%
Japan 0.4% 0.7% -0.2%
Spain 0.2% 0.1% 0.1%
Portugal 0.2% - -
Australia 0.2% 0.2% 0.0%
Belgium 0.2% 0.0% 0.2%
Italy 0.2% 0.0% 0.2%
Luxembourg 0.2% 0.0% 0.2%
Hong Kong 0.2% - -
Sweden 0.1% 0.1% 0.0%
Guernsey 0.1% 0.0% 0.1%
Bermuda 0.1% 0.0% 0.1%
Norway 0.1% 0.1% 0.1%
Developed Markets Total Return Bond Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Americas 95.4% 93.1% 2.3%
Europe 8.2% 2.9% 5.3%
Asia Pacific 0.9% 0.9% 0.0%
Credit Rating Allocation Total Return Bond Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Agency 37.3% 28.7% 8.6%
AAA 7.8% 4.6% 3.2%
AA 6.5% 5.2% 1.3%
A 19.1% 12.3% 6.8%
BBB 32.6% 9.5% 23.1%
BB 4.3% - -
B 0.2% - -
CCC 0.3% - -
D 0.3% - -
Unrated 0.4% 0.3% 0.1%
Other -4.2% - -
Analytics
(As of 05/31/2019)

Morningstar 05/31/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
549
Category
Intermediate Core-Plus Bond
Performance Statistics
3Y
5Y
Alpha
0.64
0.53
Beta
0.94
0.92
Information Ratio
0.72
0.44
R-Squared
92.98
90.96
Sharpe Ratio
0.57
0.80
Standard Deviation
3.02
2.79
Sortino Ratio
0.87
1.31
Tracking Error
0.81
0.87
Yields
Dividend Yield (with sales charge)
0.00%
Dividend Yield (w/o sales charge)
3.34%
Standardized Yield
3.44%
Unsubsidized Yield
3.43%
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
3.64%
-
Yield to Worst
3.40%
2.68%
Average Effective Maturity
5.85 yrs
7.87 yrs
Current Duration
5.66 yrs
5.69 yrs
Average Coupon
4.35%
-
Convexity
-0.7
0.1
Option Adjusted Spread
107 bps
48 bps
Turnover Ratio
64%
-
Dividends
  • D
Est. Frequency
Monthly
Last Pay Date
5/31/2019
Per Share ($)
$0.0194
12-Month Distribution ($)
$0.2412
Team
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. Prior to June 1, 2017, the Fund's name was Oppenheimer Core Bond Fund.
  2. 2. Fixed income investing entails credit and interest rate risks. Interest rate risk is the risk that rising interest rates or an expectation of rising interest rates in the near future, will cause the values of the Fund's investments to decline. Risks associated with rising interest rates are heightened given that rates in the U.S. are at or near historic lows. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Below-investment-grade (“high yield” or “junk”) bonds are more at risk of default and are subject to liquidity risk. Mortgage-backed securities are subject to prepayment risk. Asset-backed securities are subject to prepayment risk. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. 
  3. 3. Class I shares were reorganized into Class R6 shares. R6 shares are primarily intended for retirement plans that meet certain standards and for institutional investors.
  4. 4. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. Total annual fund operating expenses after any contractual fee waivers and/or expense reimbursements by the adviser in effect through May 28, 2021. See current prospectus for more information.
  5. 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. The index is unmanaged and cannot be purchased directly by investors.   Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  6. 6. Holdings are subject to change, and are dollar weighted based on total new 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 NRSRO’s 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. 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.
  9. 9. 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.
  10. 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.
  11. B. The performance data quoted represents past performance, which does not guarantee future results.  The investments 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.  Class R6 shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.

    As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

    Class W and Class I shares were reorganized into Class Y and Class R6 shares, respectively.
  12. 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.
  13. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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