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Global Strategic Income Fund

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Overview

The Strategy typically invests in a strategic mix of global fixed income sectors to seek high income and total return.

Inception Date
May 26, 1995
Investment Style
Global Strategic Income
Fund Index
Bloomberg Barclays US Aggregate Bond Index
CUSIP
68380K409
NAV
  • C
(as of 05/22/2019)
$3.68
Total Assets
(as of 04/30/2019)
$3.49 BN
Gross Expense Ratio
(as of 04/30/2019)
1.83%
Net Expense Ratio
(as of 04/30/2019)
1.76%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2019
  • D
as of 03/31/2019
  • D

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • D
Cumulative
Annualized
ytd as of 2019-03-31
  • E
1 yr 3 yr 5 yr 10 yr since inception
Global Strategic Income Fund (NAV)
4.62% -0.18% 2.81% 1.40% 5.91% 5.02%
Bloomberg Barclays US Aggregate Bond Index
2.94% 4.48% 2.64% 1.67% 5.10% -
Cumulative
Annualized
ytd as of 2019-03-31
  • E
1 yr 3 yr 5 yr 10 yr since inception
Global Strategic Income Fund (with sales charge)
3.62% -1.14% 2.81% 1.40% 5.91% 5.02%
Bloomberg Barclays US Aggregate Bond Index
2.94% 4.48% 2.64% 1.67% 5.10% -
Cumulative
Annualized
ytd as of 2019-04-30
  • E
1 yr 3 yr 5 yr 10 yr since inception
Global Strategic Income Fund (NAV)
5.32% 1.18% 2.60% 1.42% 5.51% 5.04%
Bloomberg Barclays US Aggregate Bond Index
2.97% 5.29% 1.97% 1.47% 4.74% -
Cumulative
Annualized
ytd as of 2019-04-30
  • E
1 yr 3 yr 5 yr 10 yr since inception
Global Strategic Income Fund (with sales charge)
4.32% 0.22% 2.60% 1.42% 5.51% 5.04%
Bloomberg Barclays US Aggregate Bond Index
2.97% 5.29% 1.97% 1.47% 4.74% -
Gross Expense Ratio: 1.83% | Net Expense Ratio: 1.76%

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 Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index
1996 11.71% -
1997 7.33% -
1998 0.91% -
1999 3.50% -
2000 1.47% -
2001 2.76% -
2002 5.81% -
2003 18.78% 16.46%
2004 8.83% 9.55%
2005 3.37% -2.30%
2006 6.87% 7.58%
2007 8.41% 7.46%
2008 -16.95% -3.55%
2009 20.87% 19.00%
2010 15.11% 8.50%
2011 0.11% 6.63%
2012 12.67% 6.38%
2013 -1.11% -0.04%
2014 1.86% 1.36%
2015 -3.10% -3.46%
2016 5.57% 7.07%
2017 5.69% 3.54%
2018 -5.41% 0.01%

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 Global Strategic Income Fund BBG Barclays US Aggregate Bond Index (Linked Index) BBG Barclays Agg
4/30/2009 0.00 0.00 0.00
5/31/2009 5.38 3.94 0.73
6/30/2009 7.13 5.37 1.30
7/31/2009 11.93 8.88 2.93
8/31/2009 14.27 10.81 4.00
9/30/2009 18.76 14.31 5.09
10/31/2009 19.99 15.16 5.61
11/30/2009 21.15 17.78 6.98
12/31/2009 21.46 15.57 5.30
1/31/2010 22.67 16.44 6.91
2/28/2010 23.56 16.74 7.31
3/31/2010 26.71 16.78 7.18
4/30/2010 29.89 17.58 8.30
5/31/2010 26.75 15.76 9.21
6/30/2010 28.99 17.49 10.92
7/31/2010 33.50 21.27 12.10
8/31/2010 35.11 22.67 13.55
9/30/2010 38.96 25.39 13.67
10/31/2010 41.13 27.43 14.07
11/30/2010 37.85 23.54 13.42
12/31/2010 39.81 25.40 12.19
1/31/2011 40.44 26.30 12.32
2/28/2011 42.35 27.21 12.60
3/31/2011 43.00 27.64 12.67
4/30/2011 47.30 30.69 14.10
5/31/2011 46.95 31.03 15.59
6/30/2011 45.92 30.87 15.25
7/31/2011 47.26 33.37 17.08
8/31/2011 42.92 33.52 18.79
9/30/2011 37.45 30.98 19.65
10/31/2011 41.10 33.69 19.78
11/30/2011 38.67 31.74 19.68
12/31/2011 39.97 33.71 20.99
1/31/2012 44.37 36.21 22.05
2/29/2012 46.99 36.58 22.02
3/31/2012 46.62 35.81 21.36
4/30/2012 47.58 37.55 22.70
5/31/2012 45.07 36.61 23.81
6/30/2012 47.81 37.58 23.86
7/31/2012 50.93 39.43 25.57
8/31/2012 51.98 40.60 25.65
9/30/2012 54.01 42.28 25.82
10/31/2012 55.01 42.15 26.07
11/30/2012 56.02 42.35 26.27
12/31/2012 57.70 42.24 26.09
1/31/2013 58.72 41.68 25.21
2/28/2013 58.96 41.05 25.84
3/31/2013 59.60 41.28 25.94
4/30/2013 62.14 43.17 27.21
5/31/2013 58.74 39.76 24.94
6/30/2013 53.35 37.86 23.01
7/31/2013 54.64 39.85 23.18
8/31/2013 52.60 39.18 22.55
9/30/2013 54.48 41.37 23.71
10/31/2013 56.47 43.47 24.71
11/30/2013 55.46 42.69 24.24
12/31/2013 55.94 42.19 23.54
1/31/2014 56.09 43.92 25.36
2/28/2014 58.06 46.14 26.03
3/31/2014 58.53 46.20 25.82
4/30/2014 59.43 47.64 26.88
5/31/2014 61.49 48.63 28.32
6/30/2014 62.37 49.70 28.39
7/31/2014 61.73 48.28 28.07
8/31/2014 63.03 49.58 29.48
9/30/2014 60.40 45.68 28.60
10/31/2014 61.35 46.12 29.86
11/30/2014 61.05 45.38 30.79
12/31/2014 58.85 44.13 30.91
1/31/2015 60.91 44.33 33.65
2/28/2015 62.54 44.47 32.40
3/31/2015 62.25 43.32 33.01
4/30/2015 62.74 44.83 32.53
5/31/2015 62.83 42.92 32.21
6/30/2015 60.52 41.89 30.77
7/31/2015 61.04 42.06 31.68
8/31/2015 58.66 41.58 31.49
9/30/2015 56.29 41.30 32.38
10/31/2015 57.95 42.45 32.40
11/30/2015 56.32 39.70 32.05
12/31/2015 53.93 39.14 31.63
1/31/2016 52.73 39.52 33.44
2/29/2016 52.70 42.21 34.39
3/31/2016 56.41 46.85 35.62
4/30/2016 58.43 49.83 36.14
5/31/2016 58.40 48.90 36.17
6/30/2016 60.03 53.02 38.62
7/31/2016 62.50 54.75 39.50
8/31/2016 63.72 55.16 39.34
9/30/2016 64.11 56.14 39.26
10/31/2016 63.69 53.15 38.19
11/30/2016 60.78 48.50 34.92
12/31/2016 62.50 48.97 35.11
1/31/2017 64.18 49.27 35.38
2/28/2017 65.85 50.27 36.29
3/31/2017 65.92 50.19 36.22
4/30/2017 67.21 51.35 37.27
5/31/2017 68.12 52.52 38.32
6/30/2017 68.20 52.36 38.19
7/31/2017 69.95 53.02 38.78
8/31/2017 70.48 54.39 40.02
9/30/2017 70.13 53.65 39.36
10/31/2017 70.23 53.74 39.44
11/30/2017 70.27 53.55 39.26
12/31/2017 71.74 54.25 39.90
1/31/2018 71.80 52.47 38.29
2/28/2018 70.12 51.03 36.98
3/31/2018 70.26 52.00 37.85
4/30/2018 69.09 50.87 36.83
5/31/2018 67.05 51.94 37.81
6/30/2018 65.40 51.76 37.64
7/31/2018 67.77 51.79 37.67
8/31/2018 64.77 52.77 38.56
9/30/2018 66.30 51.79 37.66
10/31/2018 63.81 50.59 36.58
11/30/2018 64.01 51.49 37.39
12/31/2018 62.44 54.27 39.91
1/31/2019 68.59 55.91 41.40
2/28/2019 69.71 55.82 41.32
3/31/2019 69.95 58.81 44.03
4/30/2019 71.09 58.85 44.07
Date Dividends
6/25/2009 0.0191
7/24/2009 0.0188
8/25/2009 0.0192
9/25/2009 0.0204
10/23/2009 0.0177
11/25/2009 0.0203
12/24/2009 0.0194
12/30/2009 0.0032
1/25/2010 0.0157
2/25/2010 0.0202
3/25/2010 0.0189
4/23/2010 0.0211
5/25/2010 0.0209
6/25/2010 0.0226
7/23/2010 0.0189
8/25/2010 0.0216
9/24/2010 0.022
10/25/2010 0.0151
11/24/2010 0.02
12/23/2010 0.0196
12/30/2010 0.0032
1/25/2011 0.0153
2/25/2011 0.0215
3/25/2011 0.0179
4/25/2011 0.0186
5/25/2011 0.0191
6/24/2011 0.0203
7/25/2011 0.0184
8/25/2011 0.0209
9/23/2011 0.0187
10/25/2011 0.0175
11/25/2011 0.0203
12/23/2011 0.0167
12/29/2011 0.003
1/25/2012 0.0139
2/24/2012 0.0177
3/23/2012 0.0167
4/25/2012 0.0188
5/25/2012 0.0197
6/25/2012 0.0158
7/25/2012 0.0183
8/24/2012 0.0187
9/25/2012 0.0185
10/25/2012 0.0172
11/23/2012 0.0178
12/24/2012 0.017
12/28/2012 0.0032
1/25/2013 0.0159
2/25/2013 0.0173
3/25/2013 0.0157
4/25/2013 0.0196
5/24/2013 0.0176
6/25/2013 0.0154
7/25/2013 0.014
8/23/2013 0.0146
9/25/2013 0.0116
10/25/2013 0.0131
11/25/2013 0.0127
12/24/2013 0.0125
12/30/2013 0.0029
1/24/2014 0.0107
2/25/2014 0.0131
3/25/2014 0.0118
4/25/2014 0.0146
5/23/2014 0.0126
6/25/2014 0.0131
7/25/2014 0.0139
8/25/2014 0.0125
9/25/2014 0.0132
10/24/2014 0.0135
11/25/2014 0.0131
12/24/2014 0.0133
12/31/2014 0.0027
1/23/2015 0.0098
2/25/2015 0.0125
3/25/2015 0.0116
4/24/2015 0.0131
5/22/2015 0.0117
6/25/2015 0.0123
7/24/2015 0.0123
8/25/2015 0.0112
9/25/2015 0.0121
10/23/2015 0.0099
11/25/2015 0.0106
12/23/2015 0.0095
12/31/2015 0.0032
1/25/2016 0.0088
2/25/2016 0.0095
3/24/2016 0.0104
4/25/2016 0.0092
5/25/2016 0.009
6/24/2016 0.0099
7/25/2016 0.0095
8/25/2016 0.0092
9/23/2016 0.0097
10/25/2016 0.0097
11/25/2016 0.0107
12/22/2016 0.0095
12/30/2016 0.003
1/25/2017 0.0082
2/24/2017 0.0108
3/24/2017 0.0103
4/25/2017 0.0108
5/25/2017 0.0109
6/23/2017 0.0119
7/25/2017 0.0108
8/25/2017 0.0125
9/25/2017 0.0122
10/25/2017 0.0117
11/24/2017 0.0116
12/21/2017 0.0097
12/29/2017 0.0061
1/25/2018 0.009
2/23/2018 0.0125
3/23/2018 0.0119
4/25/2018 0.0137
5/25/2018 0.0141
6/25/2018 0.0123
7/25/2018 0.013
8/24/2018 0.0129
9/25/2018 0.0128
10/31/2018 0.0181
11/30/2018 0.0146
12/31/2018 0.0153
1/31/2019 0.0155
2/28/2019 0.0146
3/29/2019 0.0152
4/30/2019 0.0147

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 05/22/2019

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 Asset Allocations

(99.9% of assets as of 04/30/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Credit Rating Allocation 7
Currency 8
Country Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
United States 53.6% 91.8% -38.2%
Greece 3.9% - -
India 3.5% - -
Mexico 3.1% 0.5% 2.6%
Brazil 3.0% 0.1% 2.9%
Indonesia 2.7% 0.0% 2.6%
United Kingdom 2.5% 1.2% 1.3%
Argentina 2.5% - -
South Africa 2.3% 0.0% 2.3%
France 2.3% 0.2% 2.1%
Spain 2.0% 0.1% 1.8%
China 1.5% 0.2% 1.3%
Canada 1.4% 1.2% 0.2%
Egypt 1.2% - -
Switzerland 1.2% 0.2% 1.1%
Malaysia 1.0% - -
Netherlands 0.8% 0.4% 0.4%
Colombia 0.8% 0.2% 0.7%
Turkey 0.7% - -
Italy 0.6% 0.0% 0.6%
Developed Markets Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Americas 55.2% 93.0% -37.7%
Europe 8.8% 3.0% 5.8%
Asia Pacific 0.6% 0.9% -0.3%
Supranational 0.6% 1.4% -0.8%
Middle East 0.2% 0.0% 0.1%
Emerging Markets Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Americas 11.0% 1.0% 10.0%
Asia Pacific 10.2% 0.5% 9.6%
Europe 5.3% 0.1% 5.2%
Africa 4.6% 0.0% 4.6%
Middle East 0.8% - -
Multi -0.2% - -
Credit Rating Allocation Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Treasury 6.8% 38.9% -32.1%
Agency 12.6% 29.0% -16.4%
AAA 1.7% 4.6% -2.9%
AA 3.4% 5.2% -1.8%
A 6.9% 12.0% -5.1%
BBB 14.7% 9.8% 4.9%
BB 28.3% - -
B 15.5% - -
CCC 2.9% - -
CC 0.1% - -
D 0.3% - -
Unrated 10.4% 0.3% 10.1%
Other -6.6% - -
Currency Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Brazilian Real 4.0% - -
Russian Ruble 2.9% - -
South African Rand 2.9% - -
Chilean Peso 2.5% - -
Indonesian Rupiah 2.1% - -
Colombian Peso 1.8% - -
Mexican Peso 1.8% - -
Korean Won 1.8% - -
Argentine Peso 1.5% - -
Swedish Krona 1.3% - -
Malaysian Ringgit 1.0% - -
Indian Rupee 0.9% - -
Canadian Dollar 0.8% - -
Egyptian Pound 0.7% - -
Chinese Renminbi 0.5% - -
Turkish New Lira 0.5% - -
Australian Dollar 0.5% - -
Japanese Yen 0.3% - -
Norwegian Krone 0.2% - -
Analytics
(As of 04/30/2019)

Morningstar 04/30/2019 (based on risk adjusted performance)
  • B
Overall Rating
Number of Funds
300
Category
Multisector Bond
Performance Statistics
3Y
5Y
Alpha
1.02
0.28
Beta
0.42
0.53
Information Ratio
0.16
-0.01
R-Squared
16.16
29.94
Sharpe Ratio
0.35
0.17
Standard Deviation
3.71
3.79
Sortino Ratio
0.56
0.26
Tracking Error
4.02
3.67
Yields
Dividend Yield (with sales charge)
0.00%
Dividend Yield (w/o sales charge)
4.83%
Standardized Yield
4.73%
Unsubsidized Yield
4.69%
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
7.26%
-
Yield to Worst
6.85%
-
Average Effective Maturity
6.55 yrs
-
Current Duration
3.80 yrs
-
Average Coupon
5.31%
-
Turnover Ratio
67%
-
Dividends
  • F
Est. Frequency
Monthly
Last Pay Date
4/30/2019
Per Share ($)
$0.0147
12-Month Distribution ($)
$0.1732
Distribution Sources
  • F
Net Income
97.40%
Net Profit from Sale
0.00%
Other Capital Sources
2.60%
Team
Documents
  1. 1. The fund's investment objective changed from "seeks high current income" to "seeks total return" on 6/4/12.
  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. The Fund may invest in senior floating rate loans that may be collateralized or uncollateralized. Senior loans are subject to credit, interest rate, prepayment and liquidity risk. Below-investment-grade (“high yield” or “junk”) bonds are more at risk of default and are subject to liquidity risk. Mortgage-related securities are subject to default risk, prepayment risk, interest rate risk, and credit risk, and may be more volatile and less liquid than other types of securities. Sovereign debt instruments are subject to the risk that a government entity may be unable to pay interest or repay principal on its debt. 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. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments.  Regulation S securities are privately offered securities, may be illiquid, and involve a high degree of risk which may result in substantial losses to the Fund. 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. Diversification does not guarantee profit or protect against loss.
  3. 3. 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.
  4. 4. 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.
  5. 5. The index returns are linked and made up of the returns of (i) the custom weighted index comprised of: 40% FTSE Non-U.S. World Government Bond Index, 30% J.P. Morgan Domestic High Yield Index, and 30% Bloomberg Barclays U.S. Aggregate Bond Index from November 7, 2008 through December 31, 2016, and (ii) the Bloomberg Barclays U.S. Aggregate Bond Index from January 1, 2017 to present.  The FTSE Non-U.S. World Government Bond Index is an index of fixed rate government bonds with a maturity of one year or longer and amounts outstanding of at least U.S. $25 million. The JPMorgan Domestic High Yield Index is an unmanaged index of high yield fixed income securities issued by U.S. companies.   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 indices are 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 table for the top currency positioning is based on the net foreign exchange exposure of each currency after converting all currencies to a common currency, in this case the U.S. dollar.
  9. 9. 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.
  10. 10. 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.
  11. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  12. B. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 star s, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Oppenheimer Global Strategic Income Fund was rated against the following numbers of Multisector Bond funds over the following time periods: the fund was rated 2 stars among 300 funds in the last three years, 2 stars among 235 in the last five years, and 2 stars among 131 in the last ten years. <strong>Past performance does not guarantee future results.</strong>
  13. C. 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.
  14. D. 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.
  15. E. "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.
  16. F. There is no guarantee of the payment of any dividend or other distributions at any level.
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