Spoof Access

×
U.S. Flag United States
Registered Investment Advisor
×

Domestic Debt

Global High Yield Fund

The Strategy typically invests in U.S. and foreign high yield bonds.

Investment Style
High Yield
Fund Inception
November 8, 2013
Total Assets (all classes) (as of 9/30/2017)
$46.8 million
Fund Index
J.P. Morgan Global High Yield Index
NAV (as of 10/20/17)
  • A
$9.54
performance
analytics
holdings
as of 9/30/2017
  • E
as of 9/30/2017
  • E

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
1 mo 3 mo ytd as of 10/20/17
  • C
1 yr 3 yr since inception
Global High Yield Fund (NAV)
0.99% 2.12% 6.46% 7.30% 3.83% 4.04%
Cumulative
Annualized
1 mo 3 mo ytd as of 10/20/17
  • C
1 yr 3 yr since inception
Global High Yield Fund (NAV)
0.99% 2.12% 6.46% 7.30% 3.83% 4.04%
Gross Expense Ratio: 1.42% | Net Expense Ratio: 0.92%

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 Global High Yield Fund J.P. Morgan Global High Yield Index
2013 0.00% -
2014 0.68% 1.67%
2015 -4.22% -4.25%
2016 12.68% 18.27%

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 Global High Yield Fund J.P. Morgan Global High Yield Index
9/30/2014 0.00 0.00
10/31/2014 0.67 0.90
11/30/2014 -0.43 -0.04
12/31/2014 -2.31 -2.05
1/31/2015 -2.31 -1.81
2/28/2015 -0.10 0.77
3/31/2015 -0.52 0.34
4/30/2015 0.71 1.96
5/31/2015 1.13 2.51
6/30/2015 -0.33 1.11
7/31/2015 -0.62 0.41
8/31/2015 -2.22 -1.74
9/30/2015 -4.68 -4.23
10/31/2015 -2.05 -1.57
11/30/2015 -3.99 -3.40
12/31/2015 -6.61 -6.22
1/31/2016 -7.70 -7.73
2/29/2016 -7.11 -7.40
3/31/2016 -3.80 -3.14
4/30/2016 -1.38 0.35
5/31/2016 -1.11 1.16
6/30/2016 -0.40 2.68
7/31/2016 1.64 5.12
8/31/2016 3.45 7.56
9/30/2016 3.72 8.31
10/31/2016 3.58 8.99
11/30/2016 3.00 8.66
12/31/2016 4.80 10.92
1/31/2017 6.47 12.58
2/28/2017 7.79 14.26
3/31/2017 7.25 14.10
4/30/2017 8.05 15.53
5/31/2017 8.85 16.29
6/30/2017 8.73 16.46
7/31/2017 9.99 17.78
8/31/2017 9.88 18.00
9/30/2017 10.94 19.07
Date Dividends
10/31/2014 0.0496
11/28/2014 0.0428
12/31/2014 0.0368
1/30/2015 0.0425
2/27/2015 0.0387
3/31/2015 0.0421
4/30/2015 0.0421
5/29/2015 0.0425
6/30/2015 0.0418
7/31/2015 0.0448
8/31/2015 0.0387
9/30/2015 0.0381
10/30/2015 0.0426
11/30/2015 0.0389
12/31/2015 0.045
1/29/2016 0.0411
2/29/2016 0.0366
3/31/2016 0.0395
4/29/2016 0.0357
5/31/2016 0.0371
6/30/2016 0.0375
7/29/2016 0.0392
8/31/2016 0.0371
9/30/2016 0.0362
10/31/2016 0.0405
11/30/2016 0.0402
12/30/2016 0.043
1/31/2017 0.0419
2/28/2017 0.0393
3/31/2017 0.0445
4/28/2017 0.0433
5/31/2017 0.0425
6/30/2017 0.0414
7/31/2017 0.0426
8/31/2017 0.0431
9/29/2017 0.0439

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 10/19/2017

Date 2012 2013 2014 2015 2016
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.

Analytics

(As of 9/30/2017)

Morningstar 9/30/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
601
Category
High Yield Bond
Performance Statistics
3Y
Alpha
-1.30
Beta
0.86
Information Ratio
-1.68
R-Squared
96.57
Sharpe Ratio
0.68
Standard Deviation
5.23
Sortino Ratio
0.33
Tracking Error
1.29
Dividends
  • D
Est. Frequency
Monthly
Last Pay Date
9/29/2017
Per Share ($)
$0.04
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.51
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
6.33%
6.80%
Yield to Worst
5.72%
577.72%
Average Effective Maturity
4.60 yrs
4.21 yrs
Current Duration
3.90 yrs
3.60 yrs
Average Coupon
6.45%
-
Convexity
0.2
0.2
Option Adjusted Spread
389.43 bps
413.36 bps
Turnover Ratio
89.00%
-
Yields
Dividend Yield (w/o sales charge)
5.61%
Standardized Yield
4.83%

Top Industries

(95.0% of assets as of 09/30/17)


Portfolio Holdings Breakdown

Country 6
Credit Rating Allocation 7
Asset Allocation 6
Country Global High Yield Fund J.P. Morgan Global High Yield Index Overweight / Underweight
United States 76.7% 71.3% 5.5%
Canada 4.2% 3.9% 0.3%
Brazil 2.6% 4.7% -2.2%
Netherlands 1.2% 1.1% 0.1%
Luxembourg 1.1% 0.9% 0.3%
Mexico 1.1% 0.8% 0.3%
Argentina 1.0% 1.1% -0.1%
Turkey 1.0% 0.7% 0.3%
Ireland 1.0% 0.9% 0.1%
Russia 1.0% 1.9% -1.0%
Mauritius 0.7% 0.1% 0.6%
Israel 0.6% - -
Chile 0.6% 0.4% 0.2%
Finland 0.5% 0.1% 0.4%
Spain 0.5% 0.1% 0.4%
United Arab Emirates 0.5% 0.3% 0.3%
United Kingdom 0.5% 1.8% -1.3%
New Zealand 0.4% 0.2% 0.3%
Nigeria 0.4% 0.2% 0.2%
France 0.4% 1.2% -0.8%
Credit Rating Allocation Global High Yield Fund J.P. Morgan Global High Yield Index Overweight / Underweight
BB 44.6% 47.2% -2.6%
B 38.4% 34.5% 4.0%
CCC 8.6% 9.2% -0.6%
BBB 4.0% 6.2% -2.2%
Other 1.0% - -
Unrated 0.8% 2.2% -1.4%
AA 0.1% - -
Asset Allocation Global High Yield Fund J.P. Morgan Global High Yield Index Overweight / Underweight
High Yield Corporates: U.S. 73.0% 67.8% 5.2%
High Yield Corporates: Developed Markets 10.0% 13.0% -3.0%
High Yield Corporates: Emerging Markets 8.7% 12.8% -4.1%
Investment Grade Corporates: U.S. 2.5% 3.5% -0.9%
Investment Grade Corporates: Emerging Markets 1.0% 1.5% -0.6%
Investment Grade Corporates: Developed Markets 0.7% 1.2% -0.6%
Net Cash and Equivalents 2.4% - -
Equity/Other: Equity 1.0% - -
Senior Loans: Senior Loans 0.5% - -
Emerging Markets Government: Hard Currency 0.3% 0.1% 0.2%
  1. 1. Special 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. Will invest at least 80% in below-investment-grade (“high yield” or "junk") bonds, which 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. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. 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. 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. 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.
  9. 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.
  10. 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.
  11. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  12. 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.
×
Loading...
Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )