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OIBIX

International Bond Fund

Overview

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.

Inception Date
January 27, 2012
Investment Style
International Bond
Fund Index
50% FTSE Non-USD WGBI /30% JPM GBI-EM Global Diversified /20% JPM EMBI Global Diversified
CUSIP
68380T608
NAV
  • A
(as of 08/21/2018)
$5.47
Total Assets
(as of 07/31/2018)
$5.84 BN
Gross Expense Ratio
(as of 07/31/2018)
0.63%
Net Expense Ratio
(as of 07/31/2018)
0.61%
Other Investment Options

For a suite of investment vehicles beyond mutual funds, please visit OFIglobal.com. OFI Global Asset Management™, an OppenheimerFunds company, delivers the firm’s investment expertise and solutions to institutional and high-net worth investors.

Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 07/31/2018
  • B
as of 06/30/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr since inception
International Bond Fund (NAV)
-6.84% -4.36% -0.59% 3.50% 2.41% 2.22%
50% FTSE Non-USD WGBI /30% JPM GBI-EM Global Diversified /20% JPM EMBI Global Diversified
-6.41% -3.44% 0.61% 3.50% 1.20% -
Cumulative
Annualized
3 mo ytd as of 2018-07-31
  • C
1 yr 3 yr 5 yr since inception
International Bond Fund (NAV)
-3.09% -2.59% -0.83% 3.82% 2.61% 2.48%
50% FTSE Non-USD WGBI /30% JPM GBI-EM Global Diversified /20% JPM EMBI Global Diversified
-3.28% -2.60% -0.66% 3.98% 1.16% -
Gross Expense Ratio: 0.63% | Net Expense Ratio: 0.61%

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 International Bond Fund 50% FTSE Non-USD WGBI /30% JPM GBI-EM Global Diversified /20% JPM EMBI Global Diversified
2013 -3.88% -5.95%
2014 0.77% -1.59%
2015 -3.31% -7.04%
2016 6.79% 6.00%
2017 11.13% 11.83%

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 International Bond Fund 50% Citi non US WGBI /30% JPM GBI-EM Global Diversified /20% JP EMBI Global Diversified BBG Barclays Agg
7/31/2013 0.00 0.00 0.00
8/31/2013 -2.09 -1.96 -0.51
9/30/2013 0.16 1.08 0.43
10/31/2013 1.80 3.07 1.24
11/30/2013 0.64 0.85 0.86
12/31/2013 0.99 0.31 0.29
1/31/2014 0.01 -0.59 1.78
2/28/2014 1.63 2.13 2.32
3/31/2014 2.24 3.26 2.14
4/30/2014 3.21 4.48 3.00
5/31/2014 4.20 5.85 4.18
6/30/2014 4.83 6.86 4.23
7/31/2014 4.12 5.94 3.97
8/31/2014 4.59 6.39 5.12
9/30/2014 2.48 2.03 4.40
10/31/2014 3.13 2.47 5.43
11/30/2014 3.04 1.49 6.18
12/31/2014 1.77 -1.29 6.28
1/31/2015 2.74 -1.77 8.51
2/28/2015 2.99 -2.46 7.49
3/31/2015 2.57 -4.22 7.98
4/30/2015 2.70 -2.16 7.60
5/31/2015 1.99 -4.65 7.34
6/30/2015 0.75 -5.28 6.17
7/31/2015 1.65 -5.77 6.91
8/31/2015 0.39 -7.14 6.75
9/30/2015 -0.75 -7.87 7.47
10/31/2015 -0.08 -6.06 7.49
11/30/2015 -0.68 -8.04 7.21
12/31/2015 -1.59 -8.24 6.86
1/31/2016 -1.62 -7.71 8.33
2/29/2016 -1.85 -5.12 9.10
3/31/2016 2.54 -0.07 10.10
4/30/2016 4.75 2.02 10.52
5/31/2016 3.59 -0.83 10.55
6/30/2016 5.82 3.79 12.54
7/31/2016 8.24 4.68 13.25
8/31/2016 9.22 4.53 13.12
9/30/2016 9.62 5.79 13.05
10/31/2016 8.28 2.83 12.19
11/30/2016 4.13 -3.07 9.54
12/31/2016 5.09 -2.74 9.69
1/31/2017 6.54 -1.10 9.91
2/28/2017 7.87 0.00 10.64
3/31/2017 9.04 0.90 10.59
4/30/2017 10.40 2.38 11.44
5/31/2017 11.57 4.33 12.30
6/30/2017 12.36 4.39 12.18
7/31/2017 14.71 6.65 12.67
8/31/2017 15.73 8.26 13.68
9/30/2017 15.23 7.41 13.14
10/31/2017 14.92 6.17 13.20
11/30/2017 16.14 7.91 13.06
12/31/2017 16.78 8.77 13.58
1/31/2018 20.18 11.96 12.27
2/28/2018 18.83 10.80 11.20
3/31/2018 19.89 12.23 11.92
4/30/2018 17.38 9.54 11.08
5/31/2018 13.66 6.44 11.88
6/30/2018 11.70 5.03 11.74
7/31/2018 13.75 5.95 11.77
Date Dividends
8/30/2013 0.0221
9/30/2013 0.0171
10/31/2013 0.0196
11/29/2013 0.02
12/30/2013 0.0189
1/31/2014 0.0209
2/28/2014 0.0171
3/31/2014 0.0165
4/30/2014 0.0179
5/30/2014 0.0186
6/30/2014 0.0171
7/31/2014 0.018
8/29/2014 0.0182
9/30/2014 0.0161
10/31/2014 0.0179
11/28/2014 0.0146
12/31/2014 0.0163
1/30/2015 0.0159
2/27/2015 0.0149
3/31/2015 0.0156
4/30/2015 0.0174
5/29/2015 0.019
6/30/2015 0.0191
7/31/2015 0.0218
8/31/2015 0.018
9/30/2015 0.0154
10/30/2015 0.0178
11/30/2015 0.0163
12/31/2015 0.0186
1/29/2016 0.0186
2/29/2016 0.0169
3/31/2016 0.0146
4/29/2016 0.0225
5/31/2016 0.026
6/30/2016 0.0228
7/29/2016 0.0224
8/31/2016 0.0234
9/30/2016 0.0217
10/31/2016 0.0277
11/30/2016 0.0259
12/30/2016 0.0317
1/31/2017 0.0275
2/28/2017 0.0207
3/31/2017 0.0219
4/28/2017 0.0217
5/31/2017 0.0212
6/30/2017 0.0217
7/31/2017 0.0223
8/31/2017 0.0232
9/29/2017 0.0238
10/31/2017 0.024
11/30/2017 0.0226
12/29/2017 0.0231
1/31/2018 0.0232
2/28/2018 0.0212
3/29/2018 0.0238
4/30/2018 0.0237
5/31/2018 0.0229
6/29/2018 0.0221
7/31/2018 0.0224

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 08/21/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term 0.0022
Total Amount of Distribution 0.0022
Record Date 12/30/13
Ex Div Date 12/30/13
Pay Date 12/30/13

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

Portfolio

Top Countries

(71.5% of assets as of 07/31/2018)


Portfolio Holdings Breakdown

Developed Markets
Emerging Markets
Strategy
Credit Rating Allocation
Currency 6
Developed Markets International Bond Fund 50% FTSE Non-USD WGBI /30% JPM GBI-EM Global Diversified /20% JPM EMBI Global Diversified Overweight / Underweight
Europe 28.9% 30.4% -1.5%
Americas 2.8% 1.3% 1.5%
Asia Pacific 2.3% 16.7% -14.4%
Supranational -0.5% - -
Emerging Markets International Bond Fund 50% FTSE Non-USD WGBI /30% JPM GBI-EM Global Diversified /20% JPM EMBI Global Diversified Overweight / Underweight
Americas 23.5% 18.3% 5.1%
Asia Pacific 12.7% 11.9% 0.8%
Europe 8.3% 14.6% -6.3%
Africa 7.9% 5.6% 2.3%
Middle East 0.7% 1.2% -0.6%
Strategy International Bond Fund 50% FTSE Non-USD WGBI /30% JPM GBI-EM Global Diversified /20% JPM EMBI Global Diversified Overweight / Underweight
Credit: Emerging Markets 17.2% - -
Credit: Developed Markets 17.0% - -
Global Tactical Rates / FX: Global Tactical Rates 28.7% - -
Global Core Rates / FX: Global Core Rates 23.6% - -
Credit Rating Allocation International Bond Fund 50% FTSE Non-USD WGBI /30% JPM GBI-EM Global Diversified /20% JPM EMBI Global Diversified Overweight / Underweight
AAA 6.5% 8.9% -2.4%
AA 4.6% 14.0% -9.4%
A 12.2% 34.1% -21.9%
BBB 24.2% 25.5% -1.3%
BB 18.1% 7.0% 11.1%
B 13.0% 5.7% 7.3%
CCC 1.6% 0.0% 1.6%
CC 0.1% - -
Unrated 7.2% 4.5% 2.7%
Other -1.0% - -
Currency International Bond Fund 50% FTSE Non-USD WGBI /30% JPM GBI-EM Global Diversified /20% JPM EMBI Global Diversified Overweight / Underweight
US Dollar 20.9% 20.0% 0.9%
Euro 17.1% 25.3% -8.1%
British Pound 8.8% 4.3% 4.5%
Mexican Peso 8.6% 3.5% 5.1%
Indian Rupee 5.8% - -
Brazilian Real 4.3% 3.0% 1.3%
South African Rand 4.0% 3.0% 1.0%
Canadian Dollar 3.9% 1.3% 2.7%
Swedish Krona 2.0% 0.2% 1.8%
Indonesian Rupiah 1.5% 2.7% -1.2%
Turkish New Lira 1.3% 1.5% -0.2%
Argentine Peso 1.2% 0.3% 0.9%
Australian Dollar 1.1% 1.3% -0.2%
Hungarian Forint 1.0% 1.4% -0.4%
Thai Baht 0.9% 2.4% -1.5%
Peruvian New Sol 0.8% 0.9% -0.1%
Colombian Peso 0.6% 2.4% -1.8%
New Zealand Dollar 0.4% - -
Egyptian Pound 0.4% - -
Chilean Peso 0.4% 0.8% -0.3%
Analytics
(As of 07/31/2018)

Morningstar 07/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
259
Category
World Bond
Performance Statistics
3Y
5Y
Alpha
0.82
1.65
Beta
0.68
0.63
Information Ratio
-0.04
0.40
R-Squared
78.73
76.58
Sharpe Ratio
0.53
0.43
Standard Deviation
5.87
5.18
Sortino Ratio
0.24
0.19
Tracking Error
3.65
3.63
Dividends
  • D
Est. Frequency
Monthly
Last Pay Date
7/31/2018
Per Share ($)
$0.0224
12-Month Distribution ($)
$0.2761
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
4.46%
-
Yield to Worst
4.44%
-
Average Effective Maturity
7.25 yrs
-
Current Duration
3.80 yrs
-
Average Coupon
5.18%
-
Turnover Ratio
96%
-
Yields
Dividend Yield (w/o sales charge)
4.68%
Standardized Yield
4.21%
Unsubsidized Yield
4.19%
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Documents

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
  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. 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.
  3. 3. 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.
  4. 4. Access index definitions.
  5. 5. 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.
  6. 6. 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.
  7. 7. 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.
  8. 8. 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.
  9. 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.
  10. 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.
  11. 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.
  12. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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