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Hemant Baijal

Co-Head of Global Debt Team

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Hemant Baijal is Co-Head of the Global Debt Team and a portfolio manager of Oppenheimer International Bond Fund, Oppenheimer Global Strategic Income Fund and Oppenheimer Emerging Markets Local Debt Fund. Prior to joining the Firm, he co-founded Six Seasons Global Asset Management, where he was a Partner and Portfolio Manager with a focus on fixed income macro strategies. Prior to that, he was a Partner and Portfolio Manager at Aravali Partners.

  • B.A. from University of Delhi
  • M.B.A. from Columbia University

Tenure

  • 29YRS

    Industry

  • 4YRS

    Oppenheimer

Global Debt Team

Chris Kelly, CFA

Co-Head of Global Debt Team

Wim Vandenhoeck

Portfolio Manager

Konstantin Andreev, Ph.D.

Senior Analyst

Claudia Castro, Ph.D.

Senior Analyst

Meral Karasulu, Ph.D.

Senior Analyst

Turgut Kisinbay, Ph.D.

Senior Analyst

Marcello Menusso

Senior Analyst

Managed Funds

Average Annual Total Returns (%) with sales charge as of 6/30/15
Fund Name Inception Date Managed Since YTD as of
  • 8/28/15
  • A,B
1 Yr 3 Yr 5 Yr 10 Yr Since Inception Gross Expense Ratio (%)
 
International Bond Fund A - OIBAX 6/15/1995 1/28/2013 -1.65 -8.85 -1.07 1.70 4.29 7.45 1.10
 
Emerging Markets Local Debt Fund A - OEMAX 6/30/2010 3/31/2015 -8.06 -17.83 -5.22 -0.68 -0.68 1.43
 
Global Strategic Income Fund A - OPSIX 10/16/1989 3/31/2015 0.38 -5.11 1.90 4.24 4.83 7.19 1.04
 
Global Strategic Income Fund/VA 5/3/1993 3/31/2015 0.34 -0.16 3.65 5.41 5.22 6.13 0.75

Insights

Blog

Opportunities Following the Renminbi Devaluation

Ira Jersey

Senior Client Portfolio Manager

The renminbi’s devaluation presents opportunities in fixed income and foreign exchange.

CIO Insights

The Renminbi, the Global Economy and the Fed

Krishna Memani

Chief Investment Officer

China’s currency devaluation could reinforce a global disinflationary trend.

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Markets & Economy

2015 Mid-Year Outlook: The Beat Goes On

Krishna Memani

Chief Investment Officer

We outline our views on the economy and investment implications at mid-year 2015.

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Equities

The Benefits of Active Management for Investors

Brian Levitt

Senior Investment Strategist

Alec Young

Investment Strategist

Patient, active investment management is key to helping investors achieve long-term goals.

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. All fund returns include change in share price, reinvested distributions and the sales charges as listed below, unless "without sales charge" is indicated. Returns do not consider capital gains or income taxes on an individual's investment. Class A Share returns include a maximum sales charge of 5.75% (equity), 4.75% (most fixed income), 3.5% (Senior Floating Rate Fund, Senior Floating Rate Plus), 2.25% ("limited term" fixed income funds) and 0% (Money Market Funds). Class B Share returns include contingent deferred sales charge as follows:  For years 1 - 6 respectively, charges are 5%, 4%, 3%, 3%, 2%, 1% except for "limited term" fixed income funds (4%, 3%, 2%, 2%, 1%, 0%) and Senior Floating Rate (3%, 2% 1.5%, 1.5%, 1%, 0%). Class C Share returns include a 1% contingent deferred sales charge and are subject to an annual asset-based sales charge of 0.75%. Class R  are subject to an annual asset-based sales charge of 0.25%. Annual asset-based sales charges are applied as follows: 0.75% on Class B/C; and 0.25%  for Class R shares. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). Class Y shares are not subject to a sales charge. 

    "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges.  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.

  1. 1. Effective March 31, 2015, The Fund's Portfolio Managers will be Hemant Baijal and Christopher Kelly.
  2. 2. Special Risks: 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. 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. Currency derivative investments may be volatile and involve significant risks. Small and 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 small-sized or mid-sized company, if any gain is realized at all. The Fund is classified as a “non-diversified” fund and may invest a greater portion of its assets in the securities of a single issuer. 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.
  3. 3. Effective March 31, 2015, the Fund's Portfolio Manager will be Hemant Baijal.
  4. 4. Special Risks 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. 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. May invest at least 80% of its net assets in debt securities that are economically tied to emerging market countries and denominated in local (non-U.S.) currencies. Eurozone investments may be subject to volatility and liquidity issues. The Fund may invest a significant portion of assets in a single issuer, which may increase volatility and exposure to risks associated with a single issuer. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments.
  5. 5. Prior to 2/4/14, The Fund's name was Oppenheimer Emerging Markets Debt Fund.
  6. 6. Special Risks: 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. Commodity-linked investments are speculative and have substantial risks, including the loss of principal. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. Gold ETFs involve additional fees and risks. 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. The Fund may have multiple sub-sub-advisers and each may make investment decisions which may conflict with each other, or with the sub-adviser, and as a result, the Fund’s performance could be adversely affected. Diversification does not guarantee profit or protect against loss.
  7. 7. The Fund's investment objective changed from "seeks high current income to "seeks total return" on 6/4/12.
  8. 8. Special Risks: 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-related securities are subject to default 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 and geopolitical risks. Emerging and developing market investments may be especially volatile. Due to the recent global economic crisis that caused financial difficulties for many European Union countries, Eurozone investments may be subject to volatility and liquidity issues. Commodity-linked investments are considered speculative and have substantial risks, including the risk of loss of a significant portion of their principal value. Derivative instruments, whose values depend on the performance of an underlying security, asset, interest rate, index or currency, entail potentially higher volatility and risk of loss compared to traditional stock or bond investments. The Fund invests in Gold ETFs, which involve additional fees and risks. The Fund may also invest through a wholly-owned Cayman Islands subsidiary, which is subject to the laws of the Cayman Islands and involves the risk that changes to those laws could negatively affect the Fund. Diversification does not guarantee profit or protect against loss.
  9. 9. Effective 4/30/13, The Fund's investment objective changed from "seeks high current income" to "seeks total return."
  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 p.m. ET daily.
  11. B. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges.  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.
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