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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
  • A
(as of 08/17/2018)
$4.47
Total Assets
(as of 07/31/2018)
$1.61 BN
Gross Expense Ratio
(as of 07/31/2018)
0.39%
Net Expense Ratio
(as of 07/31/2018)
0.39%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 07/31/2018
as of 06/30/2018

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-06-30
  • B
1 yr 3 yr since inception
Limited-Term Bond Fund (NAV)
0.04% 0.31% -0.10% 0.64% 1.48% 1.87%
Bloomberg Barclays US Aggregate 1-3 Year
0.01% 0.28% 0.08% 0.22% 0.73% -
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-07-31
  • B
1 yr 3 yr since inception
Limited-Term Bond Fund (NAV)
0.49% 0.56% 0.40% 0.67% 1.61% 1.93%
Bloomberg Barclays US Aggregate 1-3 Year
0.06% 0.44% 0.14% 0.02% 0.73% -
Gross Expense Ratio: 0.39% | Net Expense Ratio: 0.39%

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%

Date Limited-Term Bond Fund Bloomberg Barclays US Aggregate 1-3 Year (Linked Index)
BBG Barclays Agg
7/31/2015 0.00 0.00 0.00
8/31/2015 -0.33 -0.06 -0.14
9/30/2015 -0.14 0.24 0.53
10/31/2015 0.08 0.20 0.55
11/30/2015 0.05 0.01 0.28
12/31/2015 -0.51 -0.12 -0.04
1/31/2016 -0.32 0.40 1.33
2/29/2016 -0.33 0.49 2.05
3/31/2016 0.29 0.85 2.99
4/30/2016 0.93 0.99 3.38
5/31/2016 0.90 0.93 3.41
6/30/2016 1.53 1.53 5.27
7/31/2016 2.16 1.55 5.94
8/31/2016 2.15 1.45 5.81
9/30/2016 2.57 1.56 5.75
10/31/2016 2.55 1.53 4.94
11/30/2016 1.87 1.12 2.46
12/31/2016 1.98 1.18 2.61
1/31/2017 2.41 1.37 2.81
2/28/2017 2.83 1.54 3.50
3/31/2017 2.83 1.60 3.44
4/30/2017 3.28 1.78 4.24
5/31/2017 3.77 1.96 5.04
6/30/2017 3.79 1.92 4.94
7/31/2017 4.27 2.18 5.39
8/31/2017 4.30 2.39 6.34
9/30/2017 4.54 2.26 5.83
10/31/2017 4.77 2.24 5.89
11/30/2017 4.53 2.02 5.75
12/31/2017 4.56 2.06 6.24
1/31/2018 4.58 1.78 5.02
2/28/2018 4.33 1.69 4.02
3/31/2018 4.14 1.85 4.69
4/30/2018 4.39 1.74 3.91
5/31/2018 4.42 2.13 4.65
6/30/2018 4.46 2.14 4.52
7/31/2018 4.97 2.20 4.55
Date Dividends
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

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

$ per share as of 08/18/2018

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

(100.1% of assets as of 07/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Credit Rating Allocation
Country Limited-Term Bond Fund Bloomberg Barclays US Aggregate 1-3 Year Overweight / Underweight
United States 97.9% 87.0% 10.9%
Canada 3.4% 1.9% 1.5%
United Kingdom 3.0% 1.0% 2.0%
Germany 2.2% 1.7% 0.4%
Netherlands 1.0% 0.5% 0.5%
Australia 1.0% 0.6% 0.4%
Italy 0.8% - -
France 0.7% 0.3% 0.4%
Belgium 0.6% - -
Luxembourg 0.5% 0.0% 0.5%
Switzerland 0.5% 0.4% 0.1%
Japan 0.5% 0.9% -0.4%
Spain 0.5% 0.1% 0.4%
Norway 0.3% 0.0% 0.2%
Hong Kong 0.2% - -
Developed Markets Limited-Term Bond Fund Bloomberg Barclays US Aggregate 1-3 Year Overweight / Underweight
Americas 101.2% 88.9% 12.3%
Europe 10.1% 4.6% 5.4%
Asia Pacific 1.8% 1.5% 0.3%
Credit Rating Allocation Limited-Term Bond Fund Bloomberg Barclays US Aggregate 1-3 Year Overweight / Underweight
Agency 17.9% 5.6% 12.2%
AAA 8.1% 8.9% -0.7%
AA 6.0% 7.4% -1.3%
A 20.5% 10.5% 10.0%
BBB 52.8% 7.0% 45.8%
BB 6.8% - -
B 0.1% - -
CCC 0.1% - -
C 0.1% - -
D 0.3% - -
Unrated 0.4% 0.4% 0.1%
Analytics
(As of 07/31/2018)

Morningstar 07/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
461
Category
Short-Term Bond
Performance Statistics
3Y
Alpha
0.87
Beta
0.91
Information Ratio
0.98
R-Squared
38.25
Sharpe Ratio
0.73
Standard Deviation
1.11
Sortino Ratio
0.35
Tracking Error
0.89
Dividends
  • C
Est. Frequency
Monthly
Last Pay Date
7/31/2018
Per Share ($)
$0.0119
12-Month Distribution ($)
$0.1300
Portfolio Characteristics
Fund
Fund Index
Yield to Worst
3.43%
2.83%
Convexity
-0.4
0.05
Option Adjusted Spread
100 bps
17 bps
Turnover Ratio
83%
-
Yields
Dividend Yield (w/o sales charge)
3.14%
Standardized Yield
3.75%
Distribution Sources
  • C
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Documents
  1. 1. Special 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. 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. 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.
  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. 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.
  5. 5. 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.
  6. 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.
  7. B. "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.
  8. C. There is no guarantee of the payment of any dividend or other distributions at any level.
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