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OPGVX

Limited-Term Government Fund

Overview

The Strategy typically invests in limited-term U.S. Government and agency debt securities.

Inception Date
March 10, 1986
Investment Style
Limited Term U.S. Government
Fund Index
Bloomberg Barclays US Govt 1-3 Year Bond Index
CUSIP
68380F103
NAV
  • B
(as of 03/19/2019)
$4.33
Total Assets
(as of 02/28/2019)
$1.02 BN
Gross Expense Ratio
(as of 02/28/2019)
0.88%
Net Expense Ratio
(as of 02/28/2019)
0.80%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 02/28/2019
  • F
as of 12/31/2018
  • F

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • F
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Limited-Term Government Fund (NAV)
1.15% 1.15% 0.87% 0.84% 2.14% 4.59%
Bloomberg Barclays US Govt 1-3 Year Bond Index
1.58% 1.58% 0.96% 0.82% 1.03% -
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Limited-Term Government Fund (with sales charge)
-1.13% -1.13% 0.10% 0.38% 1.91% 4.52%
Bloomberg Barclays US Govt 1-3 Year Bond Index
1.58% 1.58% 0.96% 0.82% 1.03% -
Cumulative
Annualized
ytd as of 2019-02-28
  • D
1 yr 3 yr 5 yr 10 yr since inception
Limited-Term Government Fund (NAV)
0.34% 1.90% 0.75% 0.77% 2.26% 4.58%
Bloomberg Barclays US Govt 1-3 Year Bond Index
0.37% 2.30% 0.85% 0.84% 1.09% -
Cumulative
Annualized
ytd as of 2019-02-28
  • D
1 yr 3 yr 5 yr 10 yr since inception
Limited-Term Government Fund (with sales charge)
-1.92% -0.40% -0.01% 0.32% 2.02% 4.51%
Bloomberg Barclays US Govt 1-3 Year Bond Index
0.37% 2.30% 0.85% 0.84% 1.09% -
Gross Expense Ratio: 0.88% | Net Expense Ratio: 0.80%

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.  Fund returns include changes in share price, reinvested distributions, and a 2.25% maximum sales charge as indicated.


Year Limited-Term Government Fund Bloomberg Barclays US Govt 1-3 Year Bond Index
1987 2.75% -
1988 7.39% -
1989 13.54% -
1990 10.40% -
1991 15.58% -
1992 4.42% 6.24%
1993 7.80% 5.38%
1994 0.48% 0.52%
1995 10.43% 10.84%
1996 4.88% 5.08%
1997 7.62% 6.65%
1998 6.88% 6.97%
1999 2.25% 2.97%
2000 7.33% 8.17%
2001 6.94% 8.53%
2002 6.03% 6.01%
2003 1.29% 2.01%
2004 1.62% 1.07%
2005 1.53% 1.73%
2006 4.37% 4.12%
2007 5.25% 7.10%
2008 -6.34% 6.66%
2009 8.35% 1.41%
2010 5.53% 2.40%
2011 1.55% 1.56%
2012 2.54% 0.51%
2013 -0.46% 0.37%
2014 1.17% 0.64%
2015 0.43% 0.57%
2016 0.70% 0.87%
2017 0.75% 0.45%
2018 1.15% 1.58%

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.  Fund returns include changes in share price, reinvested distributions, and a 2.25% maximum sales charge as indicated.


Date Limited-Term Government Fund Bloomberg Barclays US Government 1-3 Year Bond Index BBG Barclays Agg
2/28/2009 0.00 0.00 0.00
3/31/2009 1.04 0.53 1.39
4/30/2009 2.07 0.56 1.88
5/31/2009 3.90 0.81 2.61
6/30/2009 4.33 0.68 3.20
7/31/2009 5.73 0.88 4.86
8/31/2009 7.20 1.26 5.95
9/30/2009 7.98 1.53 7.06
10/31/2009 9.13 1.76 7.59
11/30/2009 9.54 2.35 8.98
12/31/2009 9.59 1.63 7.28
1/31/2010 10.82 2.36 8.92
2/28/2010 11.31 2.58 9.32
3/31/2010 11.54 2.35 9.19
4/30/2010 12.63 2.62 10.33
5/31/2010 13.52 3.04 11.25
6/30/2010 14.07 3.55 13.00
7/31/2010 14.74 3.82 14.21
8/31/2010 15.25 4.01 15.67
9/30/2010 15.53 4.19 15.80
10/31/2010 15.90 4.45 16.21
11/30/2010 15.90 4.23 15.54
12/31/2010 15.80 4.06 14.30
1/31/2011 15.97 4.24 14.43
2/28/2011 16.25 4.15 14.72
3/31/2011 16.45 4.13 14.78
4/30/2011 17.15 4.58 16.24
5/31/2011 17.46 4.95 17.75
6/30/2011 17.26 4.97 17.41
7/31/2011 17.67 5.25 19.27
8/31/2011 17.69 5.61 21.01
9/30/2011 17.45 5.47 21.89
10/31/2011 17.55 5.57 22.03
11/30/2011 17.56 5.63 21.92
12/31/2011 17.94 5.69 23.26
1/31/2012 18.69 5.86 24.34
2/29/2012 18.94 5.71 24.31
3/31/2012 19.18 5.66 23.63
4/30/2012 19.53 5.88 25.00
5/31/2012 19.62 5.91 26.13
6/30/2012 19.70 5.88 26.18
7/31/2012 20.66 6.12 27.92
8/31/2012 20.90 6.13 28.01
9/30/2012 21.33 6.15 28.18
10/31/2012 21.27 6.10 28.44
11/30/2012 21.21 6.19 28.64
12/31/2012 21.42 6.22 28.45
1/31/2013 21.36 6.24 27.56
2/28/2013 21.43 6.33 28.20
3/31/2013 21.51 6.36 28.30
4/30/2013 21.72 6.47 29.60
5/31/2013 21.11 6.31 27.28
6/30/2013 20.45 6.24 25.32
7/31/2013 20.60 6.41 25.49
8/31/2013 20.38 6.30 24.84
9/30/2013 20.79 6.55 26.03
10/31/2013 21.23 6.66 27.05
11/30/2013 21.29 6.77 26.57
12/31/2013 21.47 6.62 25.86
1/31/2014 22.04 6.80 27.71
2/28/2014 22.34 6.89 28.39
3/31/2014 22.10 6.77 28.17
4/30/2014 22.41 6.92 29.26
5/31/2014 22.85 7.12 30.73
6/30/2014 22.86 7.06 30.80
7/31/2014 22.61 6.98 30.47
8/31/2014 22.92 7.16 31.91
9/30/2014 22.95 7.10 31.01
10/31/2014 23.26 7.41 32.30
11/30/2014 23.55 7.57 33.24
12/31/2014 23.27 7.30 33.36
1/31/2015 24.00 7.86 36.16
2/28/2015 23.89 7.63 34.88
3/31/2015 24.33 7.88 35.51
4/30/2015 24.51 7.93 35.02
5/31/2015 24.42 8.01 34.69
6/30/2015 24.18 8.04 33.23
7/31/2015 24.50 8.10 34.15
8/31/2015 24.27 8.06 33.96
9/30/2015 24.94 8.38 34.87
10/31/2015 24.85 8.28 34.89
11/30/2015 24.47 8.02 34.53
12/31/2015 24.24 7.92 34.10
1/31/2016 24.97 8.58 35.94
2/29/2016 25.14 8.69 36.91
3/31/2016 25.29 8.88 38.16
4/30/2016 25.46 8.92 38.69
5/31/2016 25.34 8.81 38.73
6/30/2016 26.06 9.45 41.22
7/31/2016 26.20 9.39 42.11
8/31/2016 26.08 9.21 41.95
9/30/2016 26.52 9.34 41.87
10/31/2016 26.39 9.27 40.78
11/30/2016 25.42 8.82 37.45
12/31/2016 25.49 8.85 37.65
1/31/2017 25.65 9.00 37.92
2/28/2017 25.82 9.11 38.84
3/31/2017 25.99 9.16 38.77
4/30/2017 26.16 9.32 39.84
5/31/2017 26.64 9.46 40.92
6/30/2017 26.55 9.37 40.78
7/31/2017 26.74 9.60 41.38
8/31/2017 27.25 9.82 42.65
9/30/2017 26.88 9.64 41.97
10/31/2017 27.07 9.57 42.05
11/30/2017 26.70 9.33 41.87
12/31/2017 26.81 9.34 42.52
1/31/2018 26.46 9.01 40.88
2/28/2018 26.37 8.96 39.55
3/31/2018 26.58 9.18 40.44
4/30/2018 26.22 8.99 39.40
5/31/2018 26.44 9.40 40.39
6/30/2018 26.68 9.41 40.22
7/31/2018 26.92 9.40 40.25
8/31/2018 27.18 9.76 41.15
9/30/2018 27.11 9.63 40.24
10/31/2018 27.04 9.79 39.14
11/30/2018 27.59 10.18 39.97
12/31/2018 28.66 11.06 42.54
1/31/2019 28.90 11.36 44.05
2/28/2019 29.16 11.47 43.97
Date Dividends
3/31/2009 0.0389
4/30/2009 0.0376
5/29/2009 0.0365
6/30/2009 0.0356
7/31/2009 0.0386
8/31/2009 0.0338
9/30/2009 0.0345
10/30/2009 0.0359
11/30/2009 0.0321
12/30/2009 0.0323
1/29/2010 0.0317
2/26/2010 0.0288
3/31/2010 0.0278
4/30/2010 0.0281
5/28/2010 0.0217
6/30/2010 0.0235
7/30/2010 0.0232
8/31/2010 0.0204
9/30/2010 0.0211
10/29/2010 0.0185
11/30/2010 0.0179
12/30/2010 0.0198
1/31/2011 0.0214
2/28/2011 0.0206
3/31/2011 0.0238
4/29/2011 0.0241
5/31/2011 0.0224
6/30/2011 0.0217
7/29/2011 0.021
8/31/2011 0.0193
9/30/2011 0.0184
10/31/2011 0.0161
11/30/2011 0.0182
12/29/2011 0.0174
1/31/2012 0.0172
2/29/2012 0.0171
3/30/2012 0.017
4/30/2012 0.0149
5/31/2012 0.0148
6/29/2012 0.0141
7/31/2012 0.0122
8/31/2012 0.016
9/28/2012 0.0115
10/31/2012 0.0133
11/30/2012 0.0131
12/28/2012 0.0538
1/31/2013 0.0128
2/28/2013 0.013
3/28/2013 0.0143
4/30/2013 0.0137
5/31/2013 0.0112
6/28/2013 0.0072
7/31/2013 0.0094
8/30/2013 0.0106
9/30/2013 0.0096
10/31/2013 0.0108
11/29/2013 0.0118
12/30/2013 0.0626
1/31/2014 0.01
2/28/2014 0.0103
3/31/2014 0.0103
4/30/2014 0.0107
5/30/2014 0.01
6/30/2014 0.0088
7/31/2014 0.009
8/29/2014 0.0108
9/30/2014 0.0095
10/31/2014 0.0109
11/28/2014 0.0095
12/31/2014 0.0565
1/30/2015 0.0112
2/27/2015 0.0096
3/31/2015 0.0103
4/30/2015 0.0111
5/29/2015 0.0106
6/30/2015 0.0104
7/31/2015 0.0113
8/31/2015 0.0107
9/30/2015 0.008
10/30/2015 0.0055
11/30/2015 0.0052
12/31/2015 0.0205
1/29/2016 0.0049
2/29/2016 0.0051
3/31/2016 0.0044
4/29/2016 0.0048
5/31/2016 0.0047
6/30/2016 0.0044
7/29/2016 0.0041
8/31/2016 0.0044
9/30/2016 0.0044
10/31/2016 0.0042
11/30/2016 0.0047
12/30/2016 0.0212
1/31/2017 0.0046
2/28/2017 0.0049
3/31/2017 0.0049
4/28/2017 0.0047
5/31/2017 0.0056
6/30/2017 0.0057
7/31/2017 0.0057
8/31/2017 0.0065
9/29/2017 0.0061
10/31/2017 0.0055
11/30/2017 0.0061
12/29/2017 0.0226
1/31/2018 0.0068
2/28/2018 0.0058
3/29/2018 0.0061
4/30/2018 0.0066
5/31/2018 0.0063
6/29/2018 0.0071
7/31/2018 0.0072
8/31/2018 0.0077
9/28/2018 0.0066
10/31/2018 0.0066
11/30/2018 0.0077
12/31/2018 0.0249
1/31/2019 0.0071
2/28/2019 0.0075

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 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, reinvested distributions, and a 2.25% maximum sales charge as indicated.

$ per share as of 03/18/2019

Date 2014 2015 2016 2017 2018
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 Fixed Income Sectors

(100.0% of assets as of 02/28/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Credit Rating Allocation 7
Country Limited-Term Government Fund Bloomberg Barclays US Govt 1-3 Year Bond Index Overweight / Underweight
United States 101.8% 100.0% 1.8%
Developed Markets Limited-Term Government Fund Bloomberg Barclays US Govt 1-3 Year Bond Index Overweight / Underweight
Americas 101.8% 100.0% 1.8%
Credit Rating Allocation Limited-Term Government Fund Bloomberg Barclays US Govt 1-3 Year Bond Index Overweight / Underweight
Agency 79.0% 5.1% 74.0%
AAA 11.8% 0.1% 11.8%
AA 0.4% - -
A 4.2% - -
BBB 4.3% - -
CCC 0.1% - -
Unrated 1.9% 0.0% 1.9%
Analytics
(As of 02/28/2019)

Morningstar 02/28/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
102
Category
Short Government
Performance Statistics
3Y
5Y
Alpha
-0.09
-0.07
Beta
0.99
1.04
Information Ratio
-0.20
-0.16
R-Squared
73.60
78.41
Sharpe Ratio
-0.49
0.04
Standard Deviation
0.92
0.91
Sortino Ratio
-0.63
0.05
Tracking Error
0.46
0.42
Yields
Dividend Yield (with sales charge)
2.22%
Dividend Yield (w/o sales charge)
2.27%
Standardized Yield
2.60%
Unsubsidized Yield
2.52%
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
3.48%
-
Yield to Worst
3.18%
2.53%
Current Duration
2.50 yrs
-
Average Coupon
3.40%
-
Convexity
-0.8
0.0
Option Adjusted Spread
39 bps
0 bps
Turnover Ratio
75%
-
Dividends
  • E
Est. Frequency
Monthly
Last Pay Date
2/28/2019
Per Share ($)
$0.0075
12-Month Distribution ($)
$0.1014
Distribution Sources
  • E
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 high current return and safety of principal" to "seeks income" on 12/28/12.
  2. 2. 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. Mortgage-backed securities are subject to prepayment risk. U.S. Government securities are backed by the full faith and credit of the U.S. Government, meaning, that payment of interest and principal is guaranteed, but yield and market value are not. May invest up to 20% in non-U.S. Government securities, which carry greater credit risk. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments.
  3. 3. Lipper Awards are granted annually to the funds in each Lipper classification that achieve the highest score for Consistent Return, a measure of funds' historical risk-adjusted returns, measured in local currency, relative to peers. Winners are selected using the Lipper Leader rating for Consistent Return for funds with at least 36 months of performance history as of 11/30/18. Awards are presented for the highest Lipper Leader for Consistent Return within each eligible classification over 3, 5 or 10 years. Other share classes may have different performance and expense characteristics. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Lipper awards are not intended to predict future results. Licensee shall provide a conspicuous credit notice as follows: From Lipper Fund Awards from Refinitiv, © 2019 Refinitiv. All rights reserved. Used under license. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. Past performance does not guarantee results.
  4. 4. 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.
  5. 5. The Bloomberg Barclays U.S. Government 1-3 Year Bond Index is composed of treasury bond and agency bond indices that have maturities of one to three years. The index is unmanaged and cannot be purchased directly by investors.   Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  6. 6. Holdings are subject to change, and are dollar weighted based on total new 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.
  7. 7. 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 NRSRO’s 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.
  8. 8. 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.
  9. 9. 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.
  10. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  11. B. 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.
  12. C. 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.
  13. D. "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.
  14. E. There is no guarantee of the payment of any dividend or other distributions at any level.
  15. F. 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.  Fund returns include changes in share price, reinvested distributions, and a 2.25% maximum sales charge as indicated.
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