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OOSIX

Senior Floating Rate Fund

Overview

The Strategy typically invests in senior loans.

Inception Date
October 26, 2012
Investment Style
Senior Floating Rate
Fund Index
J.P. Morgan Leveraged Loan Index
CUSIP
68381K606
NAV
  • A
(as of 06/22/2018)
$8.11
Total Assets
(as of 05/31/2018)
$14.97 BN
Gross Expense Ratio
(as of 05/31/2018)
0.81%
Net Expense Ratio
(as of 05/31/2018)
0.80%
Other Investment Options

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Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 05/31/2018
  • B
as of 03/31/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr since inception
Senior Floating Rate Fund (NAV)
1.17% 1.17% 4.07% 4.85% 4.25% 4.59%
J.P. Morgan Leveraged Loan Index
1.58% 1.58% 4.76% 4.53% 4.41% -
Cumulative
Annualized
3 mo ytd as of 2018-05-31
  • C
1 yr 3 yr 5 yr since inception
Senior Floating Rate Fund (NAV)
0.57% 1.76% 4.24% 4.76% 4.16% 4.56%
J.P. Morgan Leveraged Loan Index
1.01% 2.25% 4.71% 4.43% 4.35% -
Gross Expense Ratio: 0.81% | Net Expense Ratio: 0.80%

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 Senior Floating Rate Fund J.P. Morgan Leveraged Loan Index
2013 6.79% 6.15%
2014 0.86% 2.40%
2015 -1.76% 0.54%
2016 13.10% 9.78%
2017 4.23% 4.25%

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 Senior Floating Rate Fund J.P. Morgan Leveraged Loan Index (Linked Index) BBG Barclays Agg
5/31/2013 0.00 0.00 0.00
6/30/2013 -0.35 -0.55 -1.55
7/31/2013 0.68 0.52 -1.41
8/31/2013 0.77 0.55 -1.92
9/30/2013 1.03 0.85 -0.99
10/31/2013 1.83 1.66 -0.19
11/30/2013 2.48 2.14 -0.56
12/31/2013 3.14 2.69 -1.12
1/31/2014 3.62 3.41 0.34
2/28/2014 3.86 3.64 0.87
3/31/2014 4.23 4.02 0.70
4/30/2014 4.25 4.26 1.55
5/31/2014 4.79 4.90 2.71
6/30/2014 5.41 5.53 2.76
7/31/2014 5.42 5.49 2.50
8/31/2014 5.34 5.73 3.63
9/30/2014 4.85 5.19 2.93
10/31/2014 5.03 5.67 3.94
11/30/2014 5.41 6.16 4.68
12/31/2014 4.03 5.15 4.78
1/31/2015 4.05 5.59 6.97
2/28/2015 5.46 7.07 5.97
3/31/2015 5.72 7.59 6.46
4/30/2015 6.51 8.50 6.08
5/31/2015 6.64 8.61 5.82
6/30/2015 6.12 8.31 4.67
7/31/2015 6.42 8.64 5.40
8/31/2015 5.76 8.03 5.24
9/30/2015 4.97 7.49 5.96
10/31/2015 4.89 7.52 5.97
11/30/2015 3.57 6.52 5.69
12/31/2015 2.19 5.72 5.35
1/31/2016 0.78 5.06 6.80
2/29/2016 0.15 4.60 7.56
3/31/2016 3.36 7.50 8.55
4/30/2016 5.60 9.36 8.96
5/31/2016 7.20 10.35 8.99
6/30/2016 7.40 10.28 10.95
7/31/2016 9.01 11.81 11.65
8/31/2016 10.04 12.66 11.52
9/30/2016 11.78 13.60 11.46
10/31/2016 13.36 14.31 10.61
11/30/2016 13.93 14.74 7.99
12/31/2016 15.58 16.06 8.14
1/31/2017 16.16 16.55 8.35
2/28/2017 17.10 17.24 9.08
3/31/2017 17.12 17.31 9.02
4/30/2017 17.36 17.71 9.87
5/31/2017 17.61 18.14 10.71
6/30/2017 17.43 18.20 10.60
7/31/2017 18.45 19.09 11.08
8/31/2017 18.39 19.01 12.07
9/30/2017 18.51 19.51 11.54
10/31/2017 19.27 20.30 11.60
11/30/2017 19.27 20.50 11.46
12/31/2017 20.47 20.99 11.97
1/31/2018 21.51 22.28 10.68
2/28/2018 21.90 22.47 9.63
3/31/2018 21.88 22.90 10.34
4/30/2018 22.13 23.44 9.52
5/31/2018 22.59 23.70 10.30
Date Dividends
6/28/2013 0.0303
7/31/2013 0.0362
8/30/2013 0.038
9/30/2013 0.0314
10/31/2013 0.0355
11/29/2013 0.0335
12/30/2013 0.0342
1/31/2014 0.039
2/28/2014 0.0298
3/31/2014 0.0302
4/30/2014 0.0313
5/30/2014 0.0334
6/30/2014 0.0293
7/31/2014 0.0314
8/29/2014 0.0329
9/30/2014 0.0312
10/31/2014 0.0344
11/28/2014 0.0301
12/31/2014 0.0416
1/30/2015 0.0321
2/27/2015 0.029
3/31/2015 0.0302
4/30/2015 0.0307
5/29/2015 0.0298
6/30/2015 0.0302
7/31/2015 0.0327
8/31/2015 0.0301
9/30/2015 0.031
10/30/2015 0.0337
11/30/2015 0.0311
12/31/2015 0.0374
1/29/2016 0.0352
2/29/2016 0.0332
3/31/2016 0.0362
4/29/2016 0.0338
5/31/2016 0.0363
6/30/2016 0.0349
7/29/2016 0.0363
8/31/2016 0.0338
9/30/2016 0.0341
10/31/2016 0.0324
11/30/2016 0.0309
12/30/2016 0.0366
1/31/2017 0.0307
2/28/2017 0.0261
3/31/2017 0.0308
4/28/2017 0.027
5/31/2017 0.027
6/30/2017 0.0277
7/31/2017 0.0301
8/31/2017 0.0362
9/29/2017 0.0281
10/31/2017 0.0316
11/30/2017 0.0304
12/29/2017 0.0311
1/31/2018 0.0302
2/28/2018 0.0256
3/29/2018 0.0288
4/30/2018 0.0267
5/31/2018 0.0309

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 06/21/2018

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 Industries

(96.3% of assets as of 05/31/2018)


Portfolio Holdings Breakdown

Country
Asset Allocation
Credit Rating Allocation
Country Senior Floating Rate Fund J.P. Morgan Leveraged Loan Index Overweight / Underweight
United States 85.2% 89.2% -4.0%
United Kingdom 2.9% 2.3% 0.6%
Canada 1.8% 2.2% -0.4%
Netherlands 1.7% 1.0% 0.6%
Luxembourg 1.7% 1.3% 0.5%
France 0.6% 0.5% 0.1%
Spain 0.5% 0.3% 0.2%
Marshall Islands 0.5% 0.1% 0.4%
Australia 0.5% 0.4% 0.2%
Puerto Rico 0.4% 0.1% 0.3%
New Zealand 0.3% 0.3% 0.0%
Belgium 0.3% - -
Trinidad and Tobago 0.2% 0.1% 0.1%
Isle of Man 0.2% 0.1% 0.1%
Germany 0.2% 0.6% -0.4%
Jamaica 0.2% 0.1% 0.2%
Norway 0.1% 0.1% -0.1%
Brazil 0.1% 0.3% -0.2%
Asset Allocation Senior Floating Rate Fund J.P. Morgan Leveraged Loan Index Overweight / Underweight
Senior Loans 92.2% 100.0% -7.8%
Equity 4.0% - -
Corporate Bonds 1.1% - -
Credit Rating Allocation Senior Floating Rate Fund J.P. Morgan Leveraged Loan Index Overweight / Underweight
BBB 3.2% 9.7% -6.4%
BB 40.3% 34.0% 6.3%
B 41.4% 45.5% -4.1%
CCC 1.9% 1.9% 0.0%
Unrated 6.5% 9.0% -2.5%
Other 4.0% - -
Analytics
(As of 05/31/2018)

Morningstar 05/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
207
Category
Bank Loan
Performance Statistics
3Y
5Y
Alpha
-0.75
-1.00
Beta
1.29
1.22
Information Ratio
0.27
-0.19
R-Squared
91.92
90.24
Sharpe Ratio
1.21
1.31
Standard Deviation
3.36
2.84
Sortino Ratio
0.76
0.79
Tracking Error
1.20
1.01
Dividends
  • D
Est. Frequency
Monthly
Last Pay Date
5/31/2018
Per Share ($)
$0.0309
12-Month Distribution ($)
$0.3573
Portfolio Characteristics
Fund
Fund Index
Yield to Worst
8.09%
0.06%
Average Effective Maturity
4.58 yrs
5.45 yrs
Current Duration
0.20 yrs
-
Average Coupon
5.26%
-
Effective Coupon
5.26%
-
Effective Discount Margin
579.19 bps
424.93 bps
Loan Average Price
$98.33
$98.76
Turnover Ratio
77%
-
Yields
Dividend Yield (w/o sales charge)
4.49%
Standardized Yield
4.77%
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Documents
  1. 1. Special Risks: Senior loans are typically lower-rated and may be illiquid investments (which may not have a ready market). The Fund may invest without limit in below-investment-grade securities. The Fund may invest a variable amount in debt rated below "B." May invest 25% or more of its assets in securities issued by companies in the financial services sector which may be susceptible to economic and regulatory events, and increased volatility. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical 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. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. Leverage (borrowing) involves transaction and interest costs on amounts borrowed, which may reduce performance.
  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. Certain senior loans have a feature that prevents their interest rates from adjusting below a specified minimum level, possibly resulting in the prices of these senior loans becoming more sensitive to changes in interest rates should short term interest rates rise but remain below that minimum level. This feature is not accounted for in the duration figure quoted above.
  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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