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Krishna Memani

Chief Investment Officer

Krishna Memani serves as Chief Investment Officer, overseeing all investment teams at the Firm. He is also currently the Head of Fixed Income. In addition to his investment leadership roles, Mr. Memani is currently a portfolio manager for Oppenheimer Core Bond Fund, Oppenheimer Corporate Bond Fund, Oppenheimer Global Strategic Income Fund and Oppenheimer Capital Income Fund. Mr. Memani has been with the Firm since 2009.

  • B.S. from Birla Institute Of Technology
  • M.A. and M.B.A. from University of Florida

Tenure

  • 28YRS

    Industry

  • 6YRS

    Oppenheimer

Investment Grade Debt Team

Peter Strzalkowski, CFA

Investment Grade Team Co-Lead

Young-Sup Lee

Investment Grade Team Co-Lead

Michael Brian Block, CFA

Senior Research Analyst

Darrin Clough, CFA

Senior Research Analyst

Avinand Jutagir, CFA

Senior Research Analyst

Arin Kornchankul, CFA

Senior Research Analyst

Helena Lee, CFA

Senior Research Analyst

Jill Reiter, CFA

Senior Research Analyst

On Twitter Now

@OppFunds Aug 05 .@KrishnaMemani is looking to credit to help generate #portfolio income. Why this matters for you: http://t.co/r2XRTceVC4

Managed Funds

Average Annual Total Returns (%) with sales charge as of 6/30/15
Fund Name Inception Date Managed Since YTD as of
  • 8/31/15
  • A,B
1 Yr 3 Yr 5 Yr 10 Yr Since Inception Gross Expense Ratio (%)
 
Core Bond Fund A - OPIGX 4/15/1988 4/1/2009 0.44 -3.34 2.06 4.43 0.02 4.42 0.98
 
Core Bond Fund/VA 4/3/1985 4/1/2009 0.83 2.11 4.19 5.98 0.52 5.67 0.81
 
Corporate Bond Fund A - OFIAX 8/2/2010 8/2/2010 -1.23 -4.96 2.77 4.70 0.99
 
Global Strategic Income Fund A - OPSIX 10/16/1989 4/1/2009 0.39 -5.11 1.90 4.24 4.83 7.19 1.04
 
Global Strategic Income Fund/VA 5/3/1993 4/1/2009 0.14 -0.16 3.65 5.41 5.22 6.13 0.75
 
Conservative Balanced Fund/VA 2/9/1987 4/1/2009 -0.15 3.94 10.06 10.26 2.57 7.21 0.90
 
Capital Income Fund A - OPPEX 12/1/1970 5/31/2009 -0.40 -4.84 4.35 6.89 1.88 10.64 1.06

Insights

CIO Insights

The "China Selling" Market Meme for Treasuries

Krishna Memani

Chief Investment Officer

Investors should ignore the false narrative taking hold of the U.S. Treasuries market.

Bw 4398692727001 620x349

Why OppenheimerFunds

Investing Is All about Ideas

Krishna Memani

Chief Investment Officer

Learn how we explore new investment opportunities.

CIO Insights

China, Equity Market Vigilantes Overrun Fed Plans

Krishna Memani

Chief Investment Officer

Turmoil in China and global markets has likely delayed Fed plans to raise interest rates.

CIO Insights

Is This a Correction or the End of the Bull Cycle?

Krishna Memani

Chief Investment Officer

Central bank efforts against deflation are likely to keep the bull cycle going strong for many more years.

CIO Insights

The PBOC Has Spoken Bravely but Changed Nothing

Krishna Memani

Chief Investment Officer

China's devaluation of its currency is unlikely to produce the stimulus its economy needs.

Bw 2015 mid year outlook oppenheimerfunds 620x349

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.

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. 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-backed securities are subject to prepayment risk. Asset-backed securities are subject to prepayment 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. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments.
  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. May invest up to 20% in below-investment-grade ("high yield" or "junk") bonds, which are more at risk of default and are subject to liquidity risk. Mortgage-backed securities are subject to prepayment risk. Asset-backed securities are subject to prepayment risk. 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. 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.
  3. 3. Effective 4/30/13, the Fund's investment objective changed from: "seeks a high level of current income" to "seeks total return."
  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. Mortgage-backed securities are subject to prepayment 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. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments.
  5. 5. 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.
  6. 6. The Fund's investment objective changed from "seeks high current income to "seeks total return" on 6/4/12.
  7. 7. 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.
  8. 8. Effective 4/30/13, The Fund's investment objective changed from "seeks high current income" to "seeks total return."
  9. 9. Prior to April 30, 2015, the Fund was named Oppenheimer Capital Income Fund/VA. Effective 4/30/13, the Fund's investment objective changed from "seeks high total investment return, which includes current income and capital appreciation" to "seeks total return." Performance prior to 4/30/13 is not indicative of performance for any subsequent periods.
  10. 10. 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. May invest no more than 10% in below-investment-grade non-convertible debt securities, but up to 25% in below-investment-grade (“high yield” or "junk") bonds, which 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. 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. 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. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments.
  11. 11. Effective 11/1/13, the Fund will increase its investment limit on below investment grade securities from 25% to 40%, and the Fund will increase its investment limit on illiquid securities from 10% to 15%. Please see the Fund's prospectus and prospectus supplement for further information.
  12. 12. 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. May invest no more than 10% in below-investment-grade non-convertible debt securities, but up to 25% in below-investment-grade ("high yield" or "junk") bonds, which are more at risk of default and are subject to liquidity risk. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Mortgage-backed securities are subject to prepayment risk. 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. Convertible bonds are subject to the additional risk that the market value of the equity or other securities into which they are convertible will never be sufficient to justify conversion, rendering the conversion value of the bonds worthless. Asset-backed securities are subject to prepayment risk. 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. 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.
  13. 13. The Fund's investment objective changed from "seeks as much current income as is compatible with prudent investment" to "seeks total return" on 12/28/12.
  14. 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.
  15. 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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