Michelle Borré, CFA

Portfolio Manager

Bw michelle borre 469x264

Before switching over to financial services, Michelle spent time as an art teacher, and still keeps a foot in academia, teaching in the Value Investing program at Columbia Business School. When not working at either job, she relaxes by spending time with her children.

  • B.A. from Barnard College - Columbia University
  • M.B.A. from Columbia University

Tenure

  • 19 YRS

    Industry

  • 12 YRS

    Oppenheimer

Global Multi-Asset Group

Mark Hamilton

Chief Investment Officer, Asset Allocation

George Zivic

Portfolio Manager

Ben Rockmuller, CFA

Portfolio Manager

Dokyoung Lee, CFA

Portfolio Manager

Caleb Wong

Portfolio Manager

Alessio de Longis, CFA

Portfolio Manager

Owen Anastasia, CFA

Senior Research Analyst

Daryl Armstrong

Senior Research Analyst

Yana Keresteliev

Senior Research Analyst

Jay D. Merchant, CFA

Senior Research Analyst

Timothy Mulvihill, CFA

Senior Research Analyst

Sergei Polevikov, CFA

Senior Research Analyst

Cristian A. Del Solar

Research Analyst

Brian Giesen, CFA

Research Analyst

Julia Gu

Research Analyst

John Muth

Research Analyst

Eren Tufekci

Research Analyst

Anna Zatulovskaya

Research Analyst

Managed Funds

Average Annual Total Returns (%) with sales charge as of 3/31/15
Fund Name Inception Date Managed Since YTD as of
  • 5/28/15
  • A,B
1 Yr 3 Yr 5 Yr 10 Yr Since Inception Gross Expense Ratio (%)
 
Capital Income Fund A - OPPEX 12/1/1970 4/15/2009 2.37 -1.51 5.22 6.50 2.19 10.72 1.06
 
Flexible Strategies Fund A - QVOPX 1/3/1989 11/14/2011 2.55 -1.44 3.66 2.26 3.16 8.54 2.18

Insights

Bw capital income fund opportunistic strategy 620x349

Fixed Income

Capital Income Fund's Opportunistic Strategy

The Opportunistic Strategy helps the Fund increase diversification and manage volatility.

Blog

Get More Mileage Out of the Risks You're Taking

Michelle Borré

Portfolio Manager

Michelle Borré discusses strategies for finding investments that deliver strong risk-adjusted returns.

Bw cap qa 620x349

Multi-Asset

A Risk-Managed Approach to Multi-Asset Investing

Michelle Borré

Portfolio Manager

Our goal: upside participation, downside mitigation and an attractive income stream

Bw capital income infographic 620x349

Multi-Asset

Capital Income Fund: Seeking Both Offense and Defense

The fund offers a blend of equity, high-grade fixed-income and opportunistic strategies.

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 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.
  2. 2. 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.
  3. 3. 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.
  4. 4. Effective 12/2/13, The Fund will limit the market value of its total short positions to not more than 40% of its net assets at the time a short sale is entered into.
  5. 5. 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. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and geopolitical risks. Value investing involves the risk that undervalued securities may not appreciate as anticipated. May invest up to 25% in short sales, which profit when prices decline, but may increase volatility and risk of loss. 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. Small and mid-sized company stock is typically more volatile than that of larger, more established businesses, as these stocks tend to be more sensitive to changes in earnings expectations. It may take a substantial period of time to realize a gain on an investment in a small or mid-sized company, if any gain is realized at all. Commodity-linked investments are considered speculative and have substantial risks, including the risk of loss of a significant portion of their principal value. 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.
  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 p.m. ET daily.
  7. 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.
×
Feedback
Got something to say?
...We're listening!
Loading...
Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )