Spoof Access

×
U.S. Flag United States
Individual Investor
×

Alternative

Alternative multi-strategy that employs quantitative analysis to invest both long and short across a broad range of asset classes.
×
Cumulative Total Returns

as of 9/30/17

Since Inception 3/5/07
15%
Performance & Distributions
×

Alternative

Gross Expense Ratio:
      1.96%
    Net Expense Ratio:   1.37%

    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 5.75% 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

    Global Multi Strategies 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 10/20/17
      2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD
    • C
    Global Multi Strategies Fund -1.45 1.21 6.89 -8.18 5.80 2.93 6.04 -4.32 1.72 2.31
    Merrill Lynch T-Bill 2.06 0.21 0.13 0.10 0.11 0.07 0.03 0.05 0.33
    Capital Gains Distributions ($ per share)
    Data as of 10/22/17
      2012 2013 2014 2015 2016
    Short Term 0.2492
    Long Term 0.1331 0.077
    Total Amount of Distribution 0.1331 0.3262
    Record Date 12/18/13 12/16/15
    Ex Div Date 12/19/13 12/17/15
    Pay Date 12/20/13 12/17/15

    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, reinvested distributions, and a 5.75% 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 9/30/17

    as of 9/30/17

    • A
    YTD (as of 10/20/17)
    • C
    2.31%
    1 Year 0.28%
    3 Year 0.55%
    5 Year 1.91%
    10 Year 1.26%
    Since Inception 1.30%
    YTD (as of 10/20/17)
    • C
    2.31%
    1 Year -5.49%
    3 Year -1.41%
    5 Year 0.71%
    10 Year 0.66%
    Since Inception 0.74%
    YTD (as of 10/20/17)
    • C
    2.31%
    1 Year 0.28%
    3 Year 0.55%
    5 Year 1.91%
    10 Year 1.26%
    Since Inception 1.30%
    YTD (as of 10/20/17)
    • C
    2.31%
    1 Year -5.49%
    3 Year -1.41%
    5 Year 0.71%
    10 Year 0.66%
    Since Inception 0.74%
    Gross Expense Ratio
    1.96%
    Net Expense Ratio
    1.37%
    NAV
    • D
    as of 10/20/17
    $23.48

    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 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.

    Top Holdings

    05/31/17

    S&P500 Emini Futures, 6/16/17...
    10.8%
    U.S. Treasury LONG BOND Futur...
    10.1%
    Citibank NA; PD: US0001M Inde...
    9.8%
    Oppenheimer Institutional Gov...
    8.2%
    Bank of America NA; PD: NDBB3...
    7.1%
    Barclays Bank Interest Rate S...
    6.9%
    Currency Contract GBP/USD 6/1...
    5.7%
    JPMorgan Chase Bank NA; PD: C...
    5.3%
    U.S. Treasury Bills, ZCN%, 9/...
    5.2%
    Currency Contract CHF/USD 6/1...
    5.2%
    JPMorgan Chase Bank NA; PD: H...
    5.1%
    JPMorgan Chase Bank NA; PD: B...
    4.8%
    Currency Contract JPY/USD 6/1...
    4.3%
    Currency Contract SEK/USD 6/1...
    4.1%
    Currency Contract KRW/USD 6/1...
    4.1%
    JPMorgan Chase Bank NA; PD: U...
    3.8%
    Currency Contract NZD/USD 6/1...
    3.5%
    Currency Contract NOK/USD 6/1...
    3.5%
    Currency Contract HUF/USD 6/1...
    3.2%
    Currency Contract ZAR/USD 6/1...
    3.0%
    ×
    • 10.8%
      S&P500 Emini Futures, 6/16/17
    COUNTRY United States
    STRATEGY Global Macro, Other, Volatility
    ×
    • 10.1%
      U.S. Treasury LONG BOND Futures, 20yr., 2017-09-
    COUNTRY United States
    STRATEGY Global Macro
    ×
    • 9.8%
      Citibank NA; PD: US0001M Index and if negative, the absolute value of the Total Return of the BKLN US Equity; RD: If positive, the Total Return of the
    COUNTRY United States
    STRATEGY Global Macro
    ×
    • 8.2%
      Oppenheimer Institutional Government Money Market Fund Cl. E
    COUNTRY United States
    ×
    • 7.1%
      Bank of America NA; PD: NDBB3M Index; RD:2.04%; 12/08/26 (ISWR)
    COUNTRY New Zealand
    STRATEGY Fixed Income Alternatives
    ×
    • 6.9%
      Barclays Bank Interest Rate Swap 10Y
    COUNTRY Sweden
    STRATEGY Fixed Income Alternatives
    ×
    • 5.7%
      Currency Contract GBP/USD 6/14/17 L
    STRATEGY Global Macro
    ×
    • 5.3%
      JPMorgan Chase Bank NA; PD: CDOR01 Index and if negative, the absolute value of the Total Return of the JPCMOCDL Index; RD: If positive, the Total Re
    COUNTRY Canada
    STRATEGY Equity Market Neutral
    ×
    • 5.2%
      U.S. Treasury Bills, ZCN%, 9/07/17
    COUNTRY United States
    ×
    • 5.2%
      Currency Contract CHF/USD 6/14/17 L
    COUNTRY Switzerland
    STRATEGY Global Macro
    ×
    • 5.1%
      JPMorgan Chase Bank NA; PD: HIHD01M Index and if negative, the absolute value of the Total Return of the JPCMOHKD Index; RD: If positive, the Total R
    COUNTRY Hong Kong
    STRATEGY Equity Market Neutral
    ×
    • 4.8%
      JPMorgan Chase Bank NA; PD: BBSW1M Index and if negative, the absolute value of the Total Return of the JPCMOAUL Index; RD: If positive, the Total Re
    COUNTRY Australia
    STRATEGY Equity Market Neutral
    ×
    • 4.3%
      Currency Contract JPY/USD 6/14/17 L
    STRATEGY Fixed Income Alternatives, Global Macro
    ×
    • 4.1%
      Currency Contract SEK/USD 6/14/17 L
    COUNTRY Sweden
    STRATEGY Global Macro
    ×
    • 4.1%
      Currency Contract KRW/USD 6/14/2017 L
    COUNTRY South Korea
    STRATEGY Global Macro
    ×
    • 3.8%
      JPMorgan Chase Bank NA; PD: US0001M Index and if negative, the absolute value of the Total Return of the JPCMOLNG Index; RD: If positive, the Total R
    COUNTRY United States
    STRATEGY Equity Market Neutral
    ×
    • 3.5%
      Currency Contract NZD/USD 6/14/17 L
    COUNTRY New Zealand
    STRATEGY Global Macro
    ×
    • 3.5%
      Currency Contract NOK/USD 6/14/17 L
    COUNTRY Norway
    STRATEGY Global Macro
    ×
    • 3.2%
      Currency Contract HUF/USD 6/14/17 L
    COUNTRY Hungary
    STRATEGY Global Macro
    ×
    • 3.0%
      Currency Contract ZAR/USD 6/14/17 L
    COUNTRY South Africa
    STRATEGY Global Macro
    Holdings Breakdown

    as of 05/31/17

    30.8%

    14.3%

    9.8%

    -0.3%

    -2.1%

    45.4%

    United States

    8.7%

    Sweden

    8.4%

    New Zealand

    5.1%

    Hong Kong

    4.5%

    Canada

    3.8%

    Bermuda

    No Holding
    in
    Bermuda
    2.4%

    Cayman Islands

    No Holding
    in
    Cayman Islands
    0.9%

    Supranational (non-iso)

    No Holding
    in
    Supranational (non-iso)
    0.8%

    Mexico

    No Holding
    in
    Mexico
    0.7%

    Ireland

    No Holding
    in
    Ireland
    0.7%

    Turkey

    No Holding
    in
    Turkey
    0.7%

    Russia

    No Holding
    in
    Russia
    0.6%

    France

    No Holding
    in
    France
    0.6%

    Australia

    0.6%

    Switzerland

    0.5%

    Hungary

    0.5%

    South Korea

    0.5%

    South Africa

    0.5%

    Norway

    0.5%

    Israel

    No Holding
    in
    Israel
    Developed Markets 5
    Emerging Markets 5
    56.1%

    Americas

    No Holding
    in
    Americas
    8.2%

    Asia Pacific

    No Holding
    in
    Asia Pacific
    0.9%

    Supranational

    No Holding
    in
    Supranational
    0.5%

    Middle East

    No Holding
    in
    Middle East
    -5.5%

    Europe

    No Holding
    in
    Europe
    2.4%

    Americas

    No Holding
    in
    Americas
    2.0%

    Europe

    No Holding
    in
    Europe
    0.5%

    Africa

    No Holding
    in
    Africa
    0.5%

    Asia Pacific

    No Holding
    in
    Asia Pacific
    0.4%

    Asia / Pacific

    No Holding
    in
    Asia / Pacific
    Risk Measurements

    as of 09/30/17

    Alpha 0.60%
    Beta 17.85
    Information Ratio
    0.06
    Sharpe Ratio
    0.08
    Standard Deviation
    3.88%
    Sortino Ratio
    0.03
    Equity Style
    • E
    Total Assets (all classes)
    as of 9/30/17
    $107.4 MM
    Portfolio Statistics

    as of 9/30/17

    Avg Market Cap (weighted) 23.8 BN
    Median Market Cap (weighted) 3.1 BN
    P/E Ratio (NTM) 19.18
    P/E Ratio (LTM) 25.99
    Price/Book Value (LTM) 2.37
    Turnover Ratio
    111.00%
    Dividends ($ per share)
    • B
    Est Frequency Annual
    Last Pay Date 12/16/16
    Per Share ($) 2.0383
    12-Month Distribution ($) 2.0383
    Distribution Sources
    Net Income 27.40%
    Net Profit from Sale 0.00%
    Other Capital Sources 72.60%
    Top Holdings

    05/31/17

    S&P500 Emini Fu...
    10.8%
    U.S. Treasury L...
    10.1%
    Citibank NA; PD...
    9.8%
    Oppenheimer Ins...
    8.2%
    Bank of America...
    7.1%
    Barclays Bank I...
    6.9%
    Currency Contra...
    5.7%
    JPMorgan Chase ...
    5.3%
    U.S. Treasury B...
    5.2%
    Currency Contra...
    5.2%
    JPMorgan Chase ...
    5.1%
    JPMorgan Chase ...
    4.8%
    Currency Contra...
    4.3%
    Currency Contra...
    4.1%
    Currency Contra...
    4.1%
    JPMorgan Chase ...
    3.8%
    Currency Contra...
    3.5%
    Currency Contra...
    3.5%
    Currency Contra...
    3.2%
    Currency Contra...
    3.0%
    Holdings Breakdown

    as of 05/31/17

    Reset
    30.8%

    14.3%

    9.8%

    -0.3%

    -2.1%

    45.4%

    United States

    8.7%

    Sweden

    8.4%

    New Zealand

    5.1%

    Hong Kong

    4.5%

    Canada

    3.8%

    Bermuda

    No Holding
    in
    Bermuda
    2.4%

    Cayman Islands

    No Holding
    in
    Cayman Islands
    0.9%

    Supranational (non-iso)

    No Holding
    in
    Supranational (non-iso)
    0.8%

    Mexico

    No Holding
    in
    Mexico
    0.7%

    Ireland

    No Holding
    in
    Ireland
    0.7%

    Turkey

    No Holding
    in
    Turkey
    0.7%

    Russia

    No Holding
    in
    Russia
    0.6%

    France

    No Holding
    in
    France
    0.6%

    Australia

    0.6%

    Switzerland

    0.5%

    Hungary

    0.5%

    South Korea

    0.5%

    South Africa

    0.5%

    Norway

    0.5%

    Israel

    No Holding
    in
    Israel
    56.1%

    Americas

    No Holding
    in
    Americas
    8.2%

    Asia Pacific

    No Holding
    in
    Asia Pacific
    0.9%

    Supranational

    No Holding
    in
    Supranational
    0.5%

    Middle East

    No Holding
    in
    Middle East
    -5.5%

    Europe

    No Holding
    in
    Europe
    2.4%

    Americas

    No Holding
    in
    Americas
    2.0%

    Europe

    No Holding
    in
    Europe
    0.5%

    Africa

    No Holding
    in
    Africa
    0.5%

    Asia Pacific

    No Holding
    in
    Asia Pacific
    0.4%

    Asia / Pacific

    No Holding
    in
    Asia / Pacific
    ×
    • 10.8%
      S&P500 Emini Futures, 6/16/17
    COUNTRY United States
    STRATEGY Global Macro, Other, Volatility
    ×
    • 10.1%
      U.S. Treasury LONG BOND Futures, 20yr., 2017-09-
    COUNTRY United States
    STRATEGY Global Macro
    ×
    • 9.8%
      Citibank NA; PD: US0001M Index and if negative, the absolute value of the Total Return of the BKLN US Equity; RD: If positive, the Total Return of the
    COUNTRY United States
    STRATEGY Global Macro
    ×
    • 8.2%
      Oppenheimer Institutional Government Money Market Fund Cl. E
    COUNTRY United States
    ×
    • 7.1%
      Bank of America NA; PD: NDBB3M Index; RD:2.04%; 12/08/26 (ISWR)
    COUNTRY New Zealand
    STRATEGY Fixed Income Alternatives
    ×
    • 6.9%
      Barclays Bank Interest Rate Swap 10Y
    COUNTRY Sweden
    STRATEGY Fixed Income Alternatives
    ×
    • 5.7%
      Currency Contract GBP/USD 6/14/17 L
    STRATEGY Global Macro
    ×
    • 5.3%
      JPMorgan Chase Bank NA; PD: CDOR01 Index and if negative, the absolute value of the Total Return of the JPCMOCDL Index; RD: If positive, the Total Re
    COUNTRY Canada
    STRATEGY Equity Market Neutral
    ×
    • 5.2%
      U.S. Treasury Bills, ZCN%, 9/07/17
    COUNTRY United States
    ×
    • 5.2%
      Currency Contract CHF/USD 6/14/17 L
    COUNTRY Switzerland
    STRATEGY Global Macro
    ×
    • 5.1%
      JPMorgan Chase Bank NA; PD: HIHD01M Index and if negative, the absolute value of the Total Return of the JPCMOHKD Index; RD: If positive, the Total R
    COUNTRY Hong Kong
    STRATEGY Equity Market Neutral
    ×
    • 4.8%
      JPMorgan Chase Bank NA; PD: BBSW1M Index and if negative, the absolute value of the Total Return of the JPCMOAUL Index; RD: If positive, the Total Re
    COUNTRY Australia
    STRATEGY Equity Market Neutral
    ×
    • 4.3%
      Currency Contract JPY/USD 6/14/17 L
    STRATEGY Fixed Income Alternatives, Global Macro
    ×
    • 4.1%
      Currency Contract SEK/USD 6/14/17 L
    COUNTRY Sweden
    STRATEGY Global Macro
    ×
    • 4.1%
      Currency Contract KRW/USD 6/14/2017 L
    COUNTRY South Korea
    STRATEGY Global Macro
    ×
    • 3.8%
      JPMorgan Chase Bank NA; PD: US0001M Index and if negative, the absolute value of the Total Return of the JPCMOLNG Index; RD: If positive, the Total R
    COUNTRY United States
    STRATEGY Equity Market Neutral
    ×
    • 3.5%
      Currency Contract NZD/USD 6/14/17 L
    COUNTRY New Zealand
    STRATEGY Global Macro
    ×
    • 3.5%
      Currency Contract NOK/USD 6/14/17 L
    COUNTRY Norway
    STRATEGY Global Macro
    ×
    • 3.2%
      Currency Contract HUF/USD 6/14/17 L
    COUNTRY Hungary
    STRATEGY Global Macro
    ×
    • 3.0%
      Currency Contract ZAR/USD 6/14/17 L
    COUNTRY South Africa
    STRATEGY Global Macro

    Management

    Caleb Wong

    Managed Fund since 3/07

    Investment Approach

    The manager employs both quantitative and fundamental analytical methods to invest in a broad range of alternative investment strategies that are unconstrained to a traditional benchmark in an attempt to generate positive returns with a modest return volatility and low correlations to traditional asset markets such as stocks and bonds. These alternative strategies include Equity Market Neutral, Fixed Income Alternative, Global Macro and Volatility. Each strategy is tactically managed in the effort to exploit market inefficiencies and anomalies across the global universe of stocks, bonds and commodities.

    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: 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. Eurozone investments may be subject to volatility and liquidity issues. 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. Below-investment-grade (“high yield” or "junk") bonds are more at risk of default and are subject to liquidity risk. Event-linked securities are fixed income securities, otherwise known as Cat Bonds, for which the return of principal and interest payment is contingent on the non-occurrence of a trigger event that leads to physical or economic loss. If the trigger event occurs prior to maturity, the Fund may lose all or a portion of its principal and additional interest. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. Short selling may increase volatility and risk of loss and is considered a speculative investment practice. Commodity-linked investments are speculative and have substantial risks, including the loss of principal. Mid-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a mid-sized company, if any gain is realized at all. Investments in real estate companies, including REITs or similar structures, are subject to volatility and risk. Smaller real estate companies may also be subject to liquidity risk. The Fund may also invest through a wholly-owned Cayman Islands subsidiary, which involves the risk that changes to the laws of the Cayman Islands could negatively affect the Fund.
    2. 2. The Manager has contractually agreed to waive expenses in an amount equal to the management fee it receives from its Subsidiary for so long as the Fund invests in the Subsidiary. This waiver may not be terminated without the prior approval of the Fund's Board of Trustees.
    3. 3. 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.
    4. 4. Access index definitions.
    5. 5. 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.
    6. 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 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.
    7. B. There is no guarantee of the payment of any dividend or other distributions at any level.
    8. 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.
    9. 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.
    10. E. OppenheimerFunds' equity style box is based on the portfolio's overall targeted capitalization range and relative valuation as determined by OFI.
    ×
    Loading...
    Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )