U.S. Flag United States
Private Client Group
Ă—

CHALLENGE LABELS.

Expand
Close
CHALLENGE LABELS.
Terms like “developed” and “emerging” play into assumptions that are no longer valid.
THE REALITY
Investors benefit from “go anywhere” approaches. Promising opportunities abound across the globe, including the emerging markets, which represent 35% of global GDP – and growing.

Learn more about Challenge the Index

Bw 5365792521001 620x349

Global Debt

International Bond Fund

The strategy uses top down macro and bottom up country analyses to invest across foreign exchange, interest rates and credit securities in international and emerging markets.

Investment Style
International Bond
Fund Inception
September 27, 2004
Total Assets (all classes) (as of 8/31/2017)
$5.37 billion
Fund Index
Custom Index
NAV (as of 9/18/17)
  • A
$6.01

Equity

Fixed Income

Municipal Bond
performance
analytics
holdings
as of 8/31/2017
  • B
as of 6/30/2017
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 9/18/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
International Bond Fund (NAV)
10.61% 6.17% 2.21% 2.63% 4.61% 5.98%
Cumulative
Annualized
ytd as of 9/18/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
International Bond Fund (NAV)
10.61% 5.95% 3.24% 2.57% 4.82% 6.14%
Gross Expense Ratio: 0.80% | Net Expense Ratio: 0.79%

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Year International Bond Fund Custom Index
2004 0.00% 14.24%
2005 3.67% -4.41%
2006 9.09% 8.92%
2007 14.04% 12.31%
2008 -0.31% 4.86%
2009 13.47% 10.26%
2010 8.20% 8.03%
2011 -0.20% 4.06%
2012 11.25% 9.08%
2013 -3.88% -5.95%
2014 0.41% -1.59%
2015 -3.32% -7.04%
2016 6.40% 6.00%

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Date International Bond Fund 50% Citi non US WGBI /30% JPM GBI-EM Global Diversified /20% JP EMBI Global Diversified BBG Barclays Agg
8/31/2007 0.00 0.00 0.00
9/30/2007 3.90 3.52 0.76
10/31/2007 6.88 5.99 1.66
11/30/2007 8.10 7.70 3.49
12/31/2007 7.67 7.33 3.78
1/31/2008 11.45 10.75 5.53
2/29/2008 13.89 13.23 5.67
3/31/2008 15.47 16.04 6.03
4/30/2008 13.82 13.55 5.81
5/31/2008 12.89 12.49 5.04
6/30/2008 11.91 12.27 4.95
7/31/2008 12.51 13.88 4.87
8/31/2008 10.00 10.93 5.86
9/30/2008 4.29 7.73 4.44
10/31/2008 -2.64 1.05 1.97
11/30/2008 -0.01 3.80 5.29
12/31/2008 7.34 12.54 9.22
1/31/2009 3.61 7.67 8.26
2/28/2009 -0.67 3.68 7.85
3/31/2009 2.63 7.19 9.35
4/30/2009 5.23 10.01 9.87
5/31/2009 11.69 15.25 10.67
6/30/2009 11.92 15.87 11.30
7/31/2009 15.33 19.08 13.09
8/31/2009 17.59 21.35 14.26
9/30/2009 22.29 25.06 15.46
10/31/2009 22.73 25.45 16.03
11/30/2009 25.95 29.37 17.54
12/31/2009 21.80 24.09 15.70
1/31/2010 21.09 23.92 17.47
2/28/2010 22.07 24.56 17.90
3/31/2010 23.51 24.10 17.76
4/30/2010 24.39 23.84 18.99
5/31/2010 19.05 20.84 19.99
6/30/2010 20.86 22.71 21.87
7/31/2010 26.75 28.75 23.17
8/31/2010 28.21 30.99 24.75
9/30/2010 33.76 35.75 24.89
10/31/2010 36.43 38.25 25.33
11/30/2010 28.21 30.40 24.61
12/31/2010 31.79 34.05 23.27
1/31/2011 30.23 33.56 23.41
2/28/2011 31.05 34.52 23.72
3/31/2011 32.92 35.87 23.79
4/30/2011 38.46 41.14 25.36
5/31/2011 37.28 40.33 26.99
6/30/2011 38.14 40.98 26.62
7/31/2011 39.84 44.07 28.63
8/31/2011 39.66 46.02 30.51
9/30/2011 30.24 39.15 31.46
10/31/2011 33.99 42.33 31.60
11/30/2011 31.11 38.92 31.49
12/31/2011 31.53 39.48 32.93
1/31/2012 35.62 44.30 34.10
2/29/2012 36.51 45.47 34.07
3/31/2012 35.75 43.93 33.33
4/30/2012 37.27 45.90 34.81
5/31/2012 33.66 40.89 36.03
6/30/2012 36.53 44.37 36.09
7/31/2012 40.02 47.09 37.96
8/31/2012 40.97 48.21 38.05
9/30/2012 42.89 51.26 38.24
10/31/2012 43.83 51.14 38.52
11/30/2012 44.77 51.82 38.73
12/31/2012 46.32 52.14 38.54
1/31/2013 47.26 50.95 37.57
2/28/2013 46.39 49.26 38.26
3/31/2013 46.00 48.49 38.37
4/30/2013 48.98 51.74 39.77
5/31/2013 44.09 44.66 37.27
6/30/2013 37.97 41.17 35.15
7/31/2013 39.34 42.66 35.34
8/31/2013 36.18 39.86 34.64
9/30/2013 39.52 44.20 35.92
10/31/2013 41.77 47.04 37.02
11/30/2013 40.16 43.86 36.50
12/31/2013 40.63 43.09 35.73
1/31/2014 39.24 41.82 37.74
2/28/2014 41.48 45.70 38.47
3/31/2014 42.31 47.31 38.23
4/30/2014 43.63 49.04 39.40
5/31/2014 44.98 51.00 40.99
6/30/2014 45.59 52.44 41.06
7/31/2014 44.82 51.13 40.71
8/31/2014 45.45 51.78 42.26
9/30/2014 42.50 45.55 41.29
10/31/2014 43.14 46.19 42.68
11/30/2014 43.23 44.78 43.70
12/31/2014 41.21 40.82 43.83
1/31/2015 42.76 40.14 46.85
2/28/2015 43.10 39.14 45.47
3/31/2015 42.49 36.63 46.14
4/30/2015 42.65 39.57 45.62
5/31/2015 41.39 36.03 45.27
6/30/2015 39.65 35.13 43.68
7/31/2015 40.89 34.43 44.68
8/31/2015 39.11 32.47 44.47
9/30/2015 37.51 31.43 45.45
10/31/2015 38.66 34.01 45.47
11/30/2015 37.81 31.19 45.09
12/31/2015 36.52 30.90 44.62
1/31/2016 36.47 31.66 46.61
2/29/2016 36.12 35.36 47.65
3/31/2016 42.18 42.55 49.01
4/30/2016 45.22 45.54 49.58
5/31/2016 43.34 41.47 49.62
6/30/2016 46.41 48.07 52.30
7/31/2016 49.73 49.33 53.27
8/31/2016 51.05 49.11 53.09
9/30/2016 51.84 50.92 53.00
10/31/2016 49.71 46.70 51.83
11/30/2016 44.20 38.27 48.24
12/31/2016 45.25 38.75 48.45
1/31/2017 47.24 41.09 48.74
2/28/2017 49.06 42.66 49.74
3/31/2017 50.65 43.95 49.66
4/30/2017 52.51 46.05 50.82
5/31/2017 54.36 48.84 51.98
6/30/2017 55.44 48.92 51.83
7/31/2017 58.65 52.14 52.48
8/31/2017 60.04 54.44 53.85
Date Dividends
9/28/2007 0.0213
10/31/2007 0.0238
11/30/2007 0.025
12/28/2007 0.2093
1/31/2008 0.0232
2/29/2008 0.0233
3/31/2008 0.0227
4/30/2008 0.0237
5/30/2008 0.0257
6/30/2008 0.0232
7/31/2008 0.025
8/29/2008 0.025
9/30/2008 0.0224
10/31/2008 0.0243
11/28/2008 0.0198
12/30/2008 0.1218
1/30/2009 0.0141
2/27/2009 0.0143
3/31/2009 0.0212
4/30/2009 0.0222
5/29/2009 0.0219
6/30/2009 0.0224
7/31/2009 0.0239
8/31/2009 0.0218
9/30/2009 0.0222
10/30/2009 0.0238
11/30/2009 0.0213
12/30/2009 0.0232
1/29/2010 0.0226
2/26/2010 0.0214
3/31/2010 0.025
4/30/2010 0.0259
5/28/2010 0.0233
6/30/2010 0.0233
7/30/2010 0.023
8/31/2010 0.0244
9/30/2010 0.0234
10/29/2010 0.0258
11/30/2010 0.0236
12/30/2010 0.0276
1/31/2011 0.0223
2/28/2011 0.0209
3/31/2011 0.0223
4/29/2011 0.0229
5/31/2011 0.0219
6/30/2011 0.0223
7/29/2011 0.0231
8/31/2011 0.0212
9/30/2011 0.0231
10/31/2011 0.0211
11/30/2011 0.0216
12/29/2011 0.1097
1/31/2012 0.0228
2/29/2012 0.0217
3/30/2012 0.0247
4/30/2012 0.0207
5/31/2012 0.0226
6/29/2012 0.0225
7/31/2012 0.0211
8/31/2012 0.0238
9/28/2012 0.0181
10/31/2012 0.0229
11/30/2012 0.0228
12/28/2012 0.0203
1/31/2013 0.0223
2/28/2013 0.0211
3/28/2013 0.0224
4/30/2013 0.0227
5/31/2013 0.0233
6/28/2013 0.0191
7/31/2013 0.0207
8/30/2013 0.0211
9/30/2013 0.016
10/31/2013 0.0184
11/29/2013 0.0199
12/30/2013 0.0184
1/31/2014 0.0199
2/28/2014 0.0164
3/31/2014 0.0155
4/30/2014 0.0169
5/30/2014 0.0175
6/30/2014 0.0162
7/31/2014 0.017
8/29/2014 0.0171
9/30/2014 0.0151
10/31/2014 0.0168
11/28/2014 0.0137
12/31/2014 0.0154
1/30/2015 0.0149
2/27/2015 0.0141
3/31/2015 0.0146
4/30/2015 0.0165
5/29/2015 0.0181
6/30/2015 0.0182
7/31/2015 0.0208
8/31/2015 0.0171
9/30/2015 0.0145
10/30/2015 0.0169
11/30/2015 0.0155
12/31/2015 0.0178
1/29/2016 0.0178
2/29/2016 0.016
3/31/2016 0.0137
4/29/2016 0.0216
5/31/2016 0.0251
6/30/2016 0.0219
7/29/2016 0.0215
8/31/2016 0.0225
9/30/2016 0.0208
10/31/2016 0.0267
11/30/2016 0.025
12/30/2016 0.0309
1/31/2017 0.0266
2/28/2017 0.0199
3/31/2017 0.0212
4/28/2017 0.0209
5/31/2017 0.0203
6/30/2017 0.0208
7/31/2017 0.0214
8/31/2017 0.0223

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 investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y 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 9/18/2017

Date 2012 2013 2014 2015 2016
Short Term
Long Term 0.0400 0.0022
Total Amount of Distribution 0.0400 0.0022
Record Date 12/28/12 12/30/13
Ex Div Date 12/28/12 12/30/13
Pay Date 12/28/12 12/30/13

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

Analytics

(As of 8/31/2017)

Morningstar 8/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
289
Category
World Bond
Performance Statistics
3Y
5Y
Alpha
2.69
1.92
Information Ratio
0.61
0.46
Sharpe Ratio
0.58
0.47
R-Squared
74.09
75.01
Standard Deviation
5.20
5.31
Sortino Ratio
0.27
0.19
Beta
0.56
0.63
Tracking Error
4.34
3.76
Dividends
  • D
Est. Frequency
Monthly
Last Pay Date
8/31/2017
Per Share ($)
$0.02
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.28
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
4.87%
3.09%
Yield to Worst
4.84%
309.02%
Average Effective Maturity
6.57 yrs
9.59 yrs
Current Duration
4.20 yrs
7.30 yrs
Average Coupon
6.63%
-
Turnover Ratio
128.00%
-
Yields
Dividend Yield (w/o sales charge)
4.39%
Standardized Yield
4.08%

Top Countries

(74.2% of assets as of 08/31/17)


Portfolio Holdings Breakdown

Strategy 7
Developed Markets 7
Emerging Markets 7
Credit Rating Allocation 8
Currency 7 9
Strategy International Bond Fund Custom Index
Overweight / Underweight
Global Tactical Rates / FX: Global Tactical Rates 32.1% - -
Global Core Rates / FX: Global Core Rates 26.1% - -
Global Core Rates / FX: Global Core FX 2.1% - -
Credit: Emerging Markets 17.0% - -
Credit: Developed Markets 7.5% - -
Developed Markets International Bond Fund Custom Index
Overweight / Underweight
Europe 26.6% 30.0% -3.4%
Asia Pacific 2.1% 17.2% -15.0%
Supranational 0.1% - -
Americas -0.5% 1.3% -1.8%
Emerging Markets International Bond Fund Custom Index
Overweight / Underweight
Americas 22.5% 18.1% 4.4%
Asia Pacific 17.0% 11.9% 5.1%
Europe 12.1% 15.4% -3.3%
Africa 4.4% 4.9% -0.5%
Middle East 0.5% 1.2% -0.8%
Credit Rating Allocation International Bond Fund Custom Index
Overweight / Underweight
BBB 26.4% 30.3% -3.9%
BB 20.6% 6.4% 14.2%
A 14.3% 30.6% -16.4%
Unrated 12.6% 3.2% 9.5%
B 9.9% 5.0% 4.9%
AA 5.7% 14.8% -9.1%
AAA 1.4% 9.2% -7.8%
CCC 0.4% 0.5% -0.1%
Other -6.6% - -
Currency International Bond Fund Custom Index
Overweight / Underweight
US Dollar 18.5% 20.0% -1.5%
Euro 17.0% 24.9% -7.9%
British Pound 8.8% 4.1% 4.7%
Mexican Peso 7.7% 3.5% 4.1%
Indian Rupee 7.2% - -
Brazilian Real 4.4% 3.0% 1.4%
South African Rand 3.6% 2.8% 0.8%
Russian Ruble 3.6% 2.1% 1.5%
Indonesian Rupiah 3.3% 2.9% 0.4%
Malaysian Ringgit 2.1% 2.1% 0.0%
Australian Dollar 1.6% 1.3% 0.3%
Argentine Peso 1.3% 0.3% 1.0%
Hungarian Forint 1.0% 1.4% -0.4%
Peruvian New Sol 0.9% 0.8% 0.1%
Turkish New Lira 0.9% 2.3% -1.5%
Polish Zloty 0.7% 3.1% -2.5%
Thai Baht 0.6% 2.3% -1.6%
Colombian Peso 0.6% 2.1% -1.6%
Chilean Peso 0.5% 0.6% -0.1%
Egyptian Pound 0.2% - -
  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. 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. Regulation S securities are privately offered securities, may be illiquid, and involve a high degree of risk which may result in substantial losses to the Fund. 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.
  2. 2. 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.
  3. 3. For Share Classes with less than a one-year track record, expense ratios are estimated based on the Manager's projections of those expenses for the coming fiscal year.
  4. 4. Access index definitions.
  5. 5. 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.
  6. 6. 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.
  7. 7. Holdings are subject to change, and are dollar weighted based on total net assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the fund's net asset value and fluctuations of dividends and distributions paid by the fund.
  8. 8. If included in the credit rating breakdown table above, all securities except for those labeled "Treasury", "Agency," and "Unrated," have been rated by at least one Nationally Recognized Statistical Rating Organization ("NRSRO"), such as S&P Global Ratings ("S&P"). For securities rated only by an NRSRO other than S&P, OppenheimerFunds converts that rating to the equivalent S&P rating. If two or more NRSROs have assigned a rating to a security, the highest S&P equivalent rating is used. Unrated securities do not necessarily indicate low credit quality, and may or may not be the equivalent of investment-grade. "Investment-grade" securities are securities rated within the NRSROs four highest rating categories, which include AAA, AA, A and BBB. Please consult the Fund's Prospectus and Statement of Additional Information for further information.
  9. 9. The table for the top currency positioning is based on the net foreign exchange exposure of each currency after converting all currencies to a common currency, in this case the U.S. dollar.
  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 7:00pm ET daily. ↩
  11. B. The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment. ↩
  12. 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. ↩
  13. D. There is no guarantee of the payment of any dividend or other distributions at any level. ↩
Ă—
Loading...
Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )