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OUSIX

Limited-Term Bond Fund

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Overview

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

Inception Date
August 1, 2013
Investment Style
Limited Term Bond
Fund Index
Bloomberg Barclays US Aggregate 1-3 Year
CUSIP
683810600
NAV
  • B
(as of 12/18/2018)
$4.45
Total Assets
(as of 11/30/2018)
$1.66 BN
Gross Expense Ratio
(as of 11/30/2018)
0.39%
Net Expense Ratio
(as of 11/30/2018)
0.39%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 11/30/2018
  • G
as of 09/30/2018
  • G

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-09-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Limited-Term Bond Fund (NAV)
0.92% 0.94% 1.86% 1.99% - 1.97%
Bloomberg Barclays US Aggregate 1-3 Year
0.42% 0.22% 0.74% 0.86% 2.41% -
Cumulative
Annualized
ytd as of 2018-11-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Limited-Term Bond Fund (NAV)
0.76% 0.79% 1.74% 1.73% - 1.88%
Bloomberg Barclays US Aggregate 1-3 Year
0.82% 0.85% 0.95% 0.87% 2.01% -
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 I shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.


Year Limited-Term Bond Fund Bloomberg Barclays US Aggregate 1-3 Year
2014 1.99% 0.82%
2015 0.82% 0.66%
2016 2.51% 1.31%
2017 2.53% 0.86%

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


Date Limited-Term Bond Fund Bloomberg Barclays US Aggregate 1-3 Year (Linked Index)
BBG Barclays Agg
11/30/2008 0.00 0.00 0.00
12/31/2008 5.63 3.44 3.73
1/31/2009 3.51 0.87 2.82
2/28/2009 2.33 0.60 2.43
3/31/2009 5.83 2.42 3.85
4/30/2009 6.06 1.06 4.35
5/31/2009 6.77 0.29 5.10
6/30/2009 7.52 0.16 5.70
7/31/2009 9.18 0.64 7.41
8/31/2009 11.03 1.43 8.52
9/30/2009 12.15 2.19 9.66
10/31/2009 13.56 2.21 10.20
11/30/2009 14.67 3.51 11.63
12/31/2009 13.29 1.17 9.88
1/31/2010 15.29 2.64 11.56
2/28/2010 15.87 3.06 11.98
3/31/2010 15.80 2.29 11.84
4/30/2010 17.80 3.26 13.01
5/31/2010 19.68 4.84 13.96
6/30/2010 20.99 6.63 15.74
7/31/2010 22.31 7.35 16.98
8/31/2010 24.08 9.26 18.48
9/30/2010 24.28 9.31 18.61
10/31/2010 24.59 9.24 19.03
11/30/2010 24.38 8.51 18.35
12/31/2010 22.67 6.75 17.07
1/31/2011 22.71 6.76 17.21
2/28/2011 23.25 6.70 17.50
3/31/2011 23.54 6.66 17.57
4/30/2011 24.89 7.83 19.06
5/31/2011 26.20 9.36 20.61
6/30/2011 25.64 9.03 20.26
7/31/2011 27.47 10.85 22.17
8/31/2011 29.44 13.67 23.95
9/30/2011 30.42 15.41 24.85
10/31/2011 30.01 14.59 24.99
11/30/2011 30.44 15.36 24.88
12/31/2011 31.82 16.38 26.25
1/31/2012 33.04 16.89 27.36
2/29/2012 32.89 16.13 27.33
3/31/2012 32.34 15.08 26.63
4/30/2012 33.81 16.63 28.04
5/31/2012 35.15 18.45 29.20
6/30/2012 35.22 18.11 29.25
7/31/2012 36.81 19.23 31.03
8/31/2012 36.91 19.12 31.11
9/30/2012 37.23 18.81 31.29
10/31/2012 37.01 18.63 31.55
11/30/2012 37.22 19.21 31.76
12/31/2012 36.95 18.73 31.57
1/31/2013 36.14 17.84 30.65
2/28/2013 36.63 18.44 31.31
3/31/2013 36.59 18.55 31.41
4/30/2013 37.39 19.55 32.74
5/31/2013 36.16 17.60 30.37
6/30/2013 35.18 16.32 28.36
7/31/2013 35.54 16.21 28.53
8/31/2013 35.25 16.11 27.88
9/30/2013 35.84 16.43 29.09
10/31/2013 36.89 16.64 30.13
11/30/2013 37.38 16.81 29.64
12/31/2013 37.26 16.68 28.91
1/31/2014 37.88 16.93 30.81
2/28/2014 38.47 17.10 31.51
3/31/2014 38.62 16.99 31.29
4/30/2014 39.06 17.18 32.39
5/31/2014 39.50 17.43 33.90
6/30/2014 39.78 17.38 33.97
7/31/2014 39.46 17.31 33.63
8/31/2014 39.75 17.52 35.11
9/30/2014 39.56 17.43 34.19
10/31/2014 39.87 17.76 35.51
11/30/2014 39.98 17.94 36.47
12/31/2014 39.64 17.64 36.60
1/31/2015 40.38 18.24 39.47
2/28/2015 40.64 18.06 38.15
3/31/2015 41.09 18.33 38.80
4/30/2015 41.39 18.43 38.30
5/31/2015 41.53 18.53 37.96
6/30/2015 41.05 18.49 36.46
7/31/2015 41.17 18.57 37.41
8/31/2015 40.82 18.49 37.21
9/30/2015 41.02 18.85 38.14
10/31/2015 41.29 18.80 38.16
11/30/2015 40.89 18.58 37.80
12/31/2015 40.36 18.42 37.35
1/31/2016 40.58 19.04 39.24
2/29/2016 40.21 19.15 40.23
3/31/2016 41.36 19.57 41.52
4/30/2016 42.22 19.74 42.06
5/31/2016 42.12 19.67 42.10
6/30/2016 42.98 20.38 44.65
7/31/2016 43.82 20.41 45.56
8/31/2016 43.75 20.28 45.40
9/30/2016 43.98 20.42 45.31
10/31/2016 43.90 20.38 44.20
11/30/2016 43.21 19.90 40.79
12/31/2016 43.32 19.97 40.99
1/31/2017 43.88 20.19 41.26
2/28/2017 44.12 20.39 42.21
3/31/2017 44.39 20.46 42.14
4/30/2017 44.98 20.68 43.24
5/31/2017 45.30 20.89 44.34
6/30/2017 45.61 20.84 44.19
7/31/2017 46.24 21.15 44.81
8/31/2017 46.23 21.40 46.11
9/30/2017 46.52 21.25 45.42
10/31/2017 46.48 21.22 45.50
11/30/2017 46.42 20.97 45.31
12/31/2017 46.42 21.01 45.98
1/31/2018 46.40 20.68 44.30
2/28/2018 46.01 20.57 42.93
3/31/2018 45.70 20.76 43.85
4/30/2018 46.00 20.63 42.78
5/31/2018 46.00 21.09 43.80
6/30/2018 46.01 21.10 43.62
7/31/2018 46.68 21.17 43.66
8/31/2018 47.04 21.60 44.58
9/30/2018 47.36 21.51 43.65
10/31/2018 47.35 21.64 42.51
11/30/2018 47.04 22.00 43.36
Date Dividends
12/30/2013 0.0649
1/31/2014 0.025
2/28/2014 0.0228
3/31/2014 0.0229
4/30/2014 0.0223
5/30/2014 0.0228
6/30/2014 0.0213
7/31/2014 0.0216
8/29/2014 0.0221
9/30/2014 0.0202
10/31/2014 0.0241
11/28/2014 0.0196
12/31/2014 0.0405
1/30/2015 0.0218
2/27/2015 0.0202
3/31/2015 0.0225
4/30/2015 0.0224
5/29/2015 0.0223
6/30/2015 0.0209
7/31/2015 0.0212
8/31/2015 0.0199
9/30/2015 0.0133
10/30/2015 0.0103
11/30/2015 0.0086
12/31/2015 0.0143
1/29/2016 0.0088
2/29/2016 0.0094
3/31/2016 0.0085
4/29/2016 0.0089
5/31/2016 0.0086
6/30/2016 0.0087
7/29/2016 0.0083
8/31/2016 0.0093
9/30/2016 0.0089
10/31/2016 0.0091
11/30/2016 0.0096
12/30/2016 0.015
1/31/2017 0.0091
2/28/2017 0.0088
3/31/2017 0.01
4/28/2017 0.0099
5/31/2017 0.0116
6/30/2017 0.011
7/31/2017 0.0112
8/31/2017 0.0111
9/29/2017 0.0104
10/31/2017 0.01
11/30/2017 0.0097
12/29/2017 0.0113
1/31/2018 0.0107
2/28/2018 0.0093
3/29/2018 0.0118
4/30/2018 0.0106
5/31/2018 0.0113
6/29/2018 0.0118
7/31/2018 0.0119
8/31/2018 0.0122
9/28/2018 0.011
10/31/2018 0.0112
11/30/2018 0.012

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

$ per share as of 12/19/2018

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 Fixed Income Sectors

(99.9% of assets as of 11/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Credit Rating Allocation 4
Country Limited-Term Bond Fund Bloomberg Barclays US Aggregate 1-3 Year Overweight / Underweight
United States 97.3% 87.9% 9.4%
Canada 3.0% 1.7% 1.3%
United Kingdom 3.0% 1.0% 2.0%
Germany 2.1% 1.6% 0.5%
Japan 0.7% 1.0% -0.3%
France 0.7% 0.3% 0.4%
Australia 0.7% 0.5% 0.2%
Belgium 0.6% - -
Netherlands 0.5% 0.4% 0.1%
Switzerland 0.5% 0.3% 0.2%
Spain 0.5% 0.1% 0.4%
Norway 0.3% 0.0% 0.2%
Italy 0.3% - -
Ireland 0.2% 0.0% 0.2%
Luxembourg 0.2% 0.0% 0.2%
Hong Kong 0.2% - -
Developed Markets Limited-Term Bond Fund Bloomberg Barclays US Aggregate 1-3 Year Overweight / Underweight
Americas 100.3% 89.6% 10.7%
Europe 8.8% 4.3% 4.5%
Asia Pacific 1.6% 1.5% 0.1%
Credit Rating Allocation Limited-Term Bond Fund Bloomberg Barclays US Aggregate 1-3 Year Overweight / Underweight
Agency 17.9% 4.9% 13.0%
AAA 6.6% 8.1% -1.5%
AA 6.6% 7.0% -0.4%
A 20.5% 10.2% 10.3%
BBB 52.4% 7.6% 44.8%
BB 5.7% - -
B 0.1% - -
CCC 0.1% - -
D 0.3% - -
Unrated 0.6% 0.4% 0.2%
Analytics
(As of 11/30/2018)

Morningstar 11/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
473
Category
Short-Term Bond
Performance Statistics
3Y
5Y
Alpha
0.77
0.86
Beta
0.88
0.94
Information Ratio
0.85
1.06
R-Squared
34.75
41.25
Sharpe Ratio
0.62
1.04
Standard Deviation
1.09
1.01
Sortino Ratio
1.04
1.86
Tracking Error
0.93
0.81
Yields
Dividend Yield (w/o sales charge)
3.28%
Standardized Yield
3.92%
Portfolio Characteristics
Fund
Fund Index
Yield to Worst
4.28%
3.03%
Convexity
-0.4
0.04
Option Adjusted Spread
117 bps
22 bps
Turnover Ratio
47%
-
Dividends
  • E
Est. Frequency
Monthly
Last Pay Date
11/30/2018
Per Share ($)
$0.0120
12-Month Distribution ($)
$0.1352
Distribution Sources
  • E
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Documents
  1. 1. 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. Asset-backed securities are subject to prepayment risk. Mortgage-backed securities are subject to prepayment risk. Mortgage bonds are susceptible to risks such as default and prepayment of principal and are taxable at the state and federal levels. U.S. Government securities are backed by the full faith and credit of the U.S. Government, meaning, that payment of interest and principal is guaranteed, but yield and market value are not. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. 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.
  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. 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.
  4. 4. 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.
  5. 5. 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.
  6. 6. 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.
  7. 7. Class I shares are only offered to eligible institutional investors that make a minimum initial investment of $1 million or more and to retirement plan service provider platforms. The minimum account balance for class I shares is $2.5 million.  Class I shares are sold at net asset value without a sales charge.  Please see Fund prospectuses for additional information.
  8. 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>
  9. B. 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. C. 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 2.25% maximum sales charge as indicated.
  11. D. "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. E. There is no guarantee of the payment of any dividend or other distributions at any level.
  13. F. 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.
  14. G. 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 I shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
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