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OCIIX

Capital Income Fund

Overview

The Strategy typically invests in stocks, bonds, and other uncorrelated financial instruments for additional diversification.

Inception Date
December 27, 2013
Investment Style
Income-Oriented Balanced
Fund Index
65% BBG Barc US Agg/35% Russell 3000®
CUSIP
683793608
NAV
  • A
(as of 04/23/2018)
$10.10
Total Assets
(as of 03/31/2018)
$2.65 BN
Gross Expense Ratio
(as of 03/29/2018)
0.64%
Net Expense Ratio
(as of 03/29/2018)
0.59%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 03/31/2018
  • B
as of 03/31/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr since inception
Capital Income Fund (NAV)
-0.49% -1.17% -1.17% 3.84% 3.79% 4.41%
65% BBG Barc US Agg/35% Russell 3000®
-0.25% -1.07% -1.07% 5.63% 4.51% -
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr since inception
Capital Income Fund (NAV)
-0.49% -1.17% -1.17% 3.84% 3.79% 4.41%
65% BBG Barc US Agg/35% Russell 3000®
-0.25% -1.07% -1.07% 5.63% 4.51% -
Gross Expense Ratio: 0.64% | Net Expense Ratio: 0.59%

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 Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000®
2014 5.21% 8.43%
2015 -0.35% 0.85%
2016 7.72% 6.34%
2017 7.43% 9.48%

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 Capital Income Fund 65% Bloomberg Barclays Agg/35% Russell 3000 BBG Barclays Agg S&P 500
3/31/2015 0.00 0.00 0.00 0.00
4/30/2015 0.00 -0.07 -0.36 0.96
5/31/2015 0.40 0.27 -0.60 2.26
6/30/2015 -0.79 -1.01 -1.68 0.28
7/31/2015 0.13 0.03 -1.00 2.38
8/31/2015 -2.01 -2.15 -1.14 -3.80
9/30/2015 -2.69 -2.67 -0.47 -6.18
10/31/2015 -0.54 -0.01 -0.46 1.74
11/30/2015 -1.05 0.02 -0.72 2.04
12/31/2015 -2.25 -0.88 -1.04 0.43
1/31/2016 -3.19 -1.95 0.32 -4.55
2/29/2016 -3.19 -1.47 1.03 -4.68
3/31/2016 -0.78 1.53 1.96 1.78
4/30/2016 0.05 2.01 2.35 2.18
5/31/2016 1.20 2.68 2.38 4.01
6/30/2016 2.39 4.00 4.22 4.28
7/31/2016 3.55 5.87 4.88 8.13
8/31/2016 3.65 5.89 4.76 8.28
9/30/2016 3.89 5.92 4.70 8.30
10/31/2016 3.47 4.60 3.89 6.32
11/30/2016 4.10 4.59 1.44 10.26
12/31/2016 5.29 5.41 1.58 12.44
1/31/2017 5.83 6.24 1.78 14.57
2/28/2017 7.97 8.08 2.46 19.12
3/31/2017 7.66 8.08 2.41 19.26
4/30/2017 8.42 9.03 3.20 20.49
5/31/2017 9.18 9.98 3.99 22.18
6/30/2017 9.19 10.26 3.89 22.94
7/31/2017 9.95 11.30 4.34 25.47
8/31/2017 10.17 12.03 5.27 25.86
9/30/2017 11.06 12.64 4.77 28.45
10/31/2017 11.28 13.54 4.83 31.45
11/30/2017 12.59 14.65 4.70 35.48
12/31/2017 13.12 15.39 5.18 36.99
1/31/2018 14.66 16.62 3.97 44.83
2/28/2018 12.34 14.45 2.98 39.49
3/29/2018 11.80
Date Dividends
6/19/2015 0.0725
9/25/2015 0.0733
12/15/2015 0.1026
3/24/2016 0.0714
6/24/2016 0.0723
9/23/2016 0.0725
12/13/2016 0.0919
3/24/2017 0.0714
6/23/2017 0.0721
9/22/2017 0.0715
12/12/2017 0.0977
3/23/2018 0.07

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 04/24/2018

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 Issuers

(11.4% of assets as of 03/31/2018)


Strategy Allocation

(77.9% of assets as of 03/31/2018)


Equity Strategy High Grade Fixed Income Strategy Opportunistic Strategy
33.2% 30.0% 14.7%

Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Emerging Markets
Fixed Income Sector
Country Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
United States 86.1% - -
Germany 2.5% - -
United Kingdom 1.7% - -
Switzerland 1.2% - -
Netherlands 1.0% - -
Russia 0.7% - -
France 0.6% - -
Canada 0.5% - -
Denmark 0.4% - -
Luxembourg 0.3% - -
Ireland 0.3% - -
Australia 0.2% - -
Belgium 0.2% - -
Portugal 0.1% - -
Hong Kong 0.1% - -
Developed Markets Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Americas 86.7% - -
Europe 5.5% - -
Asia Pacific -0.7% - -
Equity Sector Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Financials 7.6% - -
Health Care 5.3% - -
Industrials 5.2% - -
Information Technology 4.5% - -
Energy 3.5% - -
Consumer Staples 2.9% - -
Materials 1.9% - -
Telecommunication Services 1.6% - -
Utilities 1.6% - -
Consumer Discretionary 0.8% - -
Broad Market 0.2% - -
Emerging Markets Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Europe 0.7% - -
Asia Pacific -5.1% - -
Fixed Income Sector Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Corporates 35.5% - -
Agencies MBS 12.3% - -
ABS 8.5% - -
Non Agencies MBS 4.7% - -
CMBS 2.9% - -
Agencies -3.1% - -
Treasuries -14.4% - -
Analytics
(As of 03/31/2018)

Morningstar 03/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
423
Category
Allocation--30% to 50% Equity
Performance Statistics
3Y
Alpha
-0.30
Beta
0.90
Information Ratio
-0.58
R-Squared
89.29
Sharpe Ratio
0.88
Standard Deviation
3.64
Sortino Ratio
0.42
Tracking Error
1.26
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
3/23/2018
Per Share ($)
$0.0700
12-Month Distribution ($)
$0.3114
Portfolio Characteristics
Fund
Fund Index
Return on Equity
11.56%
16.91%
EPS Growth Rate 3Y
2.45%
9.81%
EPS Growth Rate 5Y
2.63%
7.84%
Sales Growth Rate 3Y
2.76%
6.20%
Sales Growth Rate 5Y
2.31%
5.79%
Yield to Maturity
2.51%
2.02%
Yield to Worst
2.33%
2.02%
Current Duration
1.90 yrs
3.90 yrs
Turnover Ratio
92.00%
-
Yields
Standardized Yield
2.88%
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Documents
  1. 1. 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.
  2. 2. 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.
  3. 3. 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. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Mortgage-backed securities are subject to prepayment risk. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. 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. 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. Diversification does not guarantee profit or protect against loss.
  4. 4. 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.
  5. 5. 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.
  6. 6. Access index definitions.
  7. 7. 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.
  8. 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.
  9. B. 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.
  10. C. "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.
  11. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  12. The funds invest in below-investment-grade debt securities, which may entail greater credit risks, as described in each fund’s prospectus. These securities (sometimes called “junk bonds”) may be subject to greater price fluctuations and risks of loss of income and principal than investment-grade municipal securities. The funds may invest substantially in municipal securities within a single state or related to similar type projects, which can increase volatility and exposure to regional issues. The funds may also invest substantially in Puerto Rico and other U.S. territories, commonwealths and possessions, and could be exposed to their local political and economic conditions. Deterioration of the Puerto Rican economy could have an adverse impact on Puerto Rican bonds and the performance of the Rochester municipal funds that hold them.The views represented herein are the opinions of the Portfolio Managers at Macquarie Capital Investment Management LLC and are not intended as investment advice or to predict or depict the performance of any investment. These views are as of the date indicated, and are subject to change based on subsequent developments.Funds returns may not match the return of its respective index, known as non-correlation risk, due to operating expenses incurred by the Funds. The alternate weighting approach employed by the Funds (i.e., using revenues as a weighting measure), while designed to enhance potential returns, may not produce the desired results. Because the Funds are rebalanced quarterly, portfolio turnover may exceed 100%. The greater the portfolio turnover, the greater the transaction costs, which could have an adverse effect on Fund performanceOn April 28, 2017, OFI Global Institutional, Inc., a registered investment adviser subsidiary within OFI Global Asset Management (“OFI Global”) acquired SNW Asset Management, LLC (“SNW”). SNW provides advisory services for the strategy discussed herein.

    Benchmark: Through 12/31/11: 80% Merrill Lynch 1-5yr Municipal index/ 20% Merrill Lynch 5-7yr index. After 12/31/11: BofA Merrill Lynch 1-10 Year Municipal Securities Index. The BofA Merrill Lynch 1-10 Year Municipal Securities Index is a subset of the BofA Merrill Lynch US Municipal Securities Index including all securities with a remaining term to final maturity less than 10 years.On April 28, 2017, OFI Global Institutional, Inc., a registered investment adviser subsidiary within OFI Global Asset Management (“OFI Global”) acquired SNW Asset Management, LLC (“SNW”). SNW provides advisory services for the strategy discussed herein.

    Benchmark: Through 12/31/11: 80% Merrill Lynch 1-5yr Municipal index/ 20% Merrill Lynch 5-7yr index. After 12/31/11: BofA Merrill Lynch 1-10 Year Municipal Securities Index. The BofA Merrill Lynch 1-10 Year Municipal Securities Index is a subset of the BofA Merrill Lynch US Municipal Securities Index including all securities with a remaining term to final maturity less than 10 years.

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