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Domestic Debt

Corporate Bond Fund

The Strategy typically invests in U.S. investment-grade corporate bonds.

Investment Style
Investment Grade Corporate Bond
Fund Inception
November 28, 2012
Total Assets (all classes) (as of 4/30/2017)
$194 million
Fund Index
Bloomberg Barclays US Credit Statistics and Returns
NAV (as of 5/26/17)
  • A
$10.82

Equity

Fixed Income

Municipal Bond
performance
analytics
holdings
as of 4/30/2017
  • F
as of 3/31/2017
  • F

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
1 mo 3 mo ytd as of 5/26/17
  • C
1 yr 3 yr since inception
Corporate Bond Fund (NAV)
-0.17% 1.50% 3.40% 3.75% 3.26% 3.40%
Cumulative
Annualized
1 mo 3 mo ytd as of 5/26/17
  • C
1 yr 3 yr since inception
Corporate Bond Fund (NAV)
1.03% 1.98% 3.40% 3.20% 3.16% 3.58%
Gross Expense Ratio: 0.58% | Net Expense Ratio: 0.56%

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 Corporate Bond Fund Bloomberg Barclays US Credit Statistics and Returns
2013 1.28% -2.01%
2014 7.15% 7.53%
2015 -0.79% -0.77%
2016 5.30% 5.63%

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 Corporate Bond Fund Bloomberg Barclays US Credit Index BBG Barclays Agg
4/30/2012 0.00 0.00 0.00
5/31/2012 0.49 0.68 0.90
6/30/2012 1.25 1.11 0.94
7/31/2012 4.30 3.85 2.34
8/31/2012 4.90 4.06 2.40
9/30/2012 6.21 4.69 2.54
10/31/2012 7.74 5.86 2.75
11/30/2012 7.64 5.86 2.91
12/31/2012 8.10 5.77 2.76
1/31/2013 7.89 4.85 2.04
2/28/2013 8.44 5.58 2.55
3/31/2013 8.64 5.59 2.64
4/30/2013 10.79 7.49 3.68
5/31/2013 9.43 4.95 1.82
6/30/2013 5.93 1.96 0.25
7/31/2013 7.12 2.68 0.39
8/31/2013 6.14 1.86 -0.13
9/30/2013 6.81 2.70 0.82
10/31/2013 8.82 4.18 1.63
11/30/2013 8.61 3.90 1.25
12/31/2013 9.00 3.64 0.68
1/31/2014 10.67 5.39 2.17
2/28/2014 12.08 6.53 2.71
3/31/2014 12.26 6.66 2.54
4/30/2014 13.70 7.93 3.40
5/31/2014 15.27 9.46 4.58
6/30/2014 15.65 9.55 4.63
7/31/2014 15.22 9.50 4.37
8/31/2014 17.01 11.08 5.52
9/30/2014 14.95 9.52 4.81
10/31/2014 16.01 10.68 5.84
11/30/2014 16.38 11.44 6.59
12/31/2014 16.26 11.44 6.69
1/31/2015 19.35 14.60 8.93
2/28/2015 18.96 13.46 7.90
3/31/2015 19.15 13.85 8.40
4/30/2015 18.58 13.19 8.01
5/31/2015 17.37 12.53 7.75
6/30/2015 15.40 10.57 6.58
7/31/2015 16.18 11.27 7.32
8/31/2015 14.83 10.60 7.17
9/30/2015 14.80 11.16 7.89
10/31/2015 16.33 11.68 7.91
11/30/2015 15.85 11.44 7.62
12/31/2015 14.73 10.58 7.28
1/31/2016 14.75 11.16 8.75
2/29/2016 14.90 12.09 9.52
3/31/2016 18.06 14.92 10.53
4/30/2016 19.88 16.32 10.95
5/31/2016 19.58 16.27 10.98
6/30/2016 21.63 18.92 12.97
7/31/2016 23.68 20.48 13.69
8/31/2016 24.06 20.72 13.56
9/30/2016 23.85 20.38 13.49
10/31/2016 22.76 19.36 12.62
11/30/2016 19.53 16.10 9.96
12/31/2016 20.27 16.81 10.12
1/31/2017 20.90 17.20 10.33
2/28/2017 22.21 18.50 11.07
3/31/2017 21.95 18.32 11.01
4/30/2017 23.17 19.51 11.87
Date Dividends
5/30/2014 0.0343
6/30/2014 0.0302
7/31/2014 0.033
8/29/2014 0.0339
9/30/2014 0.0304
10/31/2014 0.0338
11/28/2014 0.0286
12/31/2014 0.0326
1/30/2015 0.0327
2/27/2015 0.028
3/31/2015 0.0319
4/30/2015 0.0307
5/29/2015 0.0319
6/30/2015 0.0321
7/31/2015 0.0367
8/31/2015 0.0296
9/30/2015 0.0311
10/30/2015 0.0341
11/30/2015 0.03
12/31/2015 0.0317
1/29/2016 0.026
2/29/2016 0.0276
3/31/2016 0.0287
4/29/2016 0.0271
5/31/2016 0.0278
6/30/2016 0.0271
7/29/2016 0.0273
8/31/2016 0.0278
9/30/2016 0.0261
10/31/2016 0.0271
11/30/2016 0.0276
12/30/2016 0.0297
1/31/2017 0.0294
2/28/2017 0.0286
3/31/2017 0.0313
4/28/2017 0.0302

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 5/26/2017

Date 2012 2013 2014 2015 2016
Short Term 0.0864 0.1215
Long Term 0.0319 0.1578
Total Amount of Distribution 0.1183 0.2793
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 4/30/2017)

Morningstar 4/30/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
175
Category
Corporate Bond
Performance Statistics
3Y
Alpha
-0.23
Information Ratio
-0.25
Sharpe Ratio
0.74
R-Squared
92.02
Standard Deviation
4.08
Sortino Ratio
0.37
Beta
0.98
Tracking Error
1.15
Dividends
  • D
Est. Frequency
Monthly
Last Pay Date
4/28/2017
Per Share ($)
$0.03
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.34
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
3.63%
3.15%
Yield to Worst
3.59%
3.14%
Average Effective Maturity
10.45 yrs
-
Current Duration
6.90 yrs
7.10 yrs
Average Coupon
4.19%
-
Convexity
1.0
1.0
Option Adjusted Spread
162.43 bps
112.29 bps
Turnover Ratio
73.00%
-
Yields
Dividend Yield (w/o sales charge)
3.41%
Standardized Yield
3.25%

Top Industries

(82.3% of assets as of 04/30/17)


Portfolio Holdings Breakdown

Country 6
Developed Markets 6
Fixed Income Sector
Credit Rating Allocation 7
Country Corporate Bond Fund Bloomberg Barclays US Credit Statistics and Returns Overweight / Underweight
United States 80.6% 70.4% 10.3%
United Kingdom 4.1% 3.1% 1.1%
Canada 2.7% 4.0% -1.3%
Netherlands 1.9% 1.4% 0.5%
Belgium 1.6% 0.5% 1.1%
Germany 1.6% 2.6% -1.0%
France 1.3% 0.8% 0.5%
Switzerland 1.3% 0.8% 0.6%
Ireland 1.1% 0.2% 0.9%
Sweden 0.8% 0.4% 0.4%
Spain 0.6% 0.3% 0.3%
Italy 0.4% 0.1% 0.3%
Norway 0.3% 0.2% 0.1%
Guernsey 0.3% 0.1% 0.2%
Denmark 0.3% - -
Australia 0.3% 1.2% -0.9%
Hong Kong 0.3% - -
Japan 0.2% 1.7% -1.5%
Developed Markets Corporate Bond Fund Bloomberg Barclays US Credit Statistics and Returns Overweight / Underweight
Americas 83.3% 74.4% 8.9%
Europe 15.9% 10.7% 5.1%
Asia Pacific 0.7% 2.9% -2.1%
Fixed Income Sector Corporate Bond Fund Bloomberg Barclays US Credit Statistics and Returns Overweight / Underweight
Corporates 98.0% 82.6% 15.4%
Agencies MBS 0.7% - -
ABS 0.5% - -
Non Agencies MBS 0.4% - -
Agencies 0.2% 5.2% -5.1%
CMBS 0.2% - -
Credit Rating Allocation Corporate Bond Fund Bloomberg Barclays US Credit Statistics and Returns Overweight / Underweight
BBB 46.5% 30.9% 15.6%
A 31.6% 40.1% -8.5%
BB 10.6% - -
AA 5.0% 18.3% -13.4%
Other 5.0% 0.1% 4.9%
Agency 0.7% - -
AAA 0.4% 10.5% -10.1%
CCC 0.1% - -
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  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. Mortgage-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. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments.
  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. Access index definitions.
  4. 4. 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.
  5. 5. 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.
  6. 6. 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.
  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 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.
  8. 8. 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.
  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 p.m. ET daily. ↩
  10. B. 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 4.75% maximum sales charge where indicated. 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. ↩
  13. E. 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. ↩
  14. F. 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. ↩
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