OSIYX

Global Strategic Income Fund

Overview

The Strategy typically invests in a strategic mix of global fixed income sectors to seek high income and total return.

Inception Date
January 26, 1998
Investment Style
Global Strategic Income
Fund Index
Bloomberg Barclays US Aggregate Bond Index
CUSIP
00143K780
NAV
  • C
(as of 06/17/2019)
$3.72
Total Assets
(as of 05/31/2019)
$3.43 BN
Gross Expense Ratio
(as of 05/25/2019)
0.80%
Net Expense Ratio
(as of 05/25/2019)
0.74%
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
Dividends
Calendar Year Returns
Capital Gains Distributions
as of 05/31/2019
  • D
as of 03/31/2019
  • D

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2019-03-31
  • E
1 yr 3 yr 5 yr 10 yr since inception
Global Strategic Income Fund (NAV)
5.16% 1.09% 3.93% 2.42% 6.94% 5.42%
Bloomberg Barclays US Aggregate Bond Index
2.94% 4.48% 2.64% 1.67% 5.10% -
Cumulative
Annualized
ytd as of 2019-05-31
  • E
1 yr 3 yr 5 yr 10 yr since inception
Global Strategic Income Fund (NAV)
5.57% 3.26% 3.48% 2.14% 5.98% 5.40%
Bloomberg Barclays US Aggregate Bond Index
4.80% 6.40% 2.78% 1.70% 4.52% -
Gross Expense Ratio: 0.80% | Net Expense Ratio: 0.74%

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.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.


Year Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index
1999 4.67% -
2000 2.55% -
2001 3.75% -
2002 6.80% -
2003 19.53% 16.46%
2004 9.68% 9.55%
2005 4.41% -2.30%
2006 8.06% 7.58%
2007 9.59% 7.46%
2008 -16.12% -3.55%
2009 22.18% 19.00%
2010 15.91% 8.50%
2011 1.08% 6.63%
2012 13.72% 6.38%
2013 0.12% -0.04%
2014 2.90% 1.36%
2015 -2.11% -3.46%
2016 6.62% 7.07%
2017 6.47% 3.54%
2018 -4.46% 0.01%

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.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.


Date Dividends
6/25/2009 0.0219
7/24/2009 0.0218
8/25/2009 0.0221
9/25/2009 0.0238
10/23/2009 0.0201
11/25/2009 0.0237
12/24/2009 0.0229
12/30/2009 0.0036
1/25/2010 0.0184
2/25/2010 0.0239
3/25/2010 0.0217
4/23/2010 0.0233
5/25/2010 0.0237
6/25/2010 0.0259
7/23/2010 0.0223
8/25/2010 0.0256
9/24/2010 0.0254
10/25/2010 0.0187
11/24/2010 0.0238
12/23/2010 0.0231
12/30/2010 0.0038
1/25/2011 0.018
2/25/2011 0.0252
3/25/2011 0.0211
4/25/2011 0.022
5/25/2011 0.0226
6/24/2011 0.024
7/25/2011 0.0218
8/25/2011 0.0244
9/23/2011 0.022
10/25/2011 0.0206
11/25/2011 0.024
12/23/2011 0.0198
12/29/2011 0.0036
1/25/2012 0.0165
2/24/2012 0.0211
3/23/2012 0.0198
4/25/2012 0.0221
5/25/2012 0.0232
6/25/2012 0.0189
7/25/2012 0.0215
8/24/2012 0.0222
9/25/2012 0.0217
10/25/2012 0.0205
11/23/2012 0.0213
12/24/2012 0.0204
12/28/2012 0.0038
1/25/2013 0.0193
2/25/2013 0.0209
3/25/2013 0.0189
4/25/2013 0.0232
5/24/2013 0.0215
6/25/2013 0.0187
7/25/2013 0.0175
8/23/2013 0.0181
9/25/2013 0.0151
10/25/2013 0.0167
11/25/2013 0.016
12/24/2013 0.0158
12/30/2013 0.0035
1/24/2014 0.0136
2/25/2014 0.0165
3/25/2014 0.015
4/25/2014 0.0184
5/23/2014 0.0161
6/25/2014 0.0168
7/25/2014 0.0176
8/25/2014 0.0158
9/25/2014 0.0168
10/24/2014 0.017
11/25/2014 0.0166
12/24/2014 0.0166
12/31/2014 0.0034
1/23/2015 0.0128
2/25/2015 0.0159
3/25/2015 0.0146
4/24/2015 0.0168
5/22/2015 0.015
6/25/2015 0.0158
7/24/2015 0.0157
8/25/2015 0.0145
9/25/2015 0.0157
10/23/2015 0.0129
11/25/2015 0.014
12/23/2015 0.0123
12/31/2015 0.004
1/25/2016 0.0114
2/25/2016 0.0127
3/24/2016 0.0136
4/25/2016 0.0122
5/25/2016 0.0122
6/24/2016 0.0132
7/25/2016 0.0126
8/25/2016 0.0126
9/23/2016 0.013
10/25/2016 0.013
11/25/2016 0.0142
12/22/2016 0.0122
12/30/2016 0.004
1/25/2017 0.0108
2/24/2017 0.0142
3/24/2017 0.0133
4/25/2017 0.0141
5/25/2017 0.0141
6/23/2017 0.0153
7/25/2017 0.0141
8/25/2017 0.0161
9/25/2017 0.0153
10/25/2017 0.015
11/24/2017 0.0151
12/21/2017 0.0124
12/29/2017 0.0072
1/25/2018 0.0117
2/23/2018 0.0158
3/23/2018 0.0148
4/25/2018 0.017
5/25/2018 0.0176
6/25/2018 0.0152
7/25/2018 0.0161
8/24/2018 0.0162
9/25/2018 0.0158
10/31/2018 0.0218
11/30/2018 0.0176
12/31/2018 0.0183
1/31/2019 0.0186
2/28/2019 0.0174
3/29/2019 0.0184
4/30/2019 0.0178
5/31/2019 0.0167

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.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

$ per share as of 06/17/2019

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 Asset Allocations

(99.9% of assets as of 05/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Credit Rating Allocation 7
Currency 8
Country Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
United States 59.3% 91.9% -32.6%
Greece 4.1% - -
India 3.7% - -
United Kingdom 2.8% 1.1% 1.6%
Indonesia 2.7% 0.0% 2.7%
South Africa 2.3% 0.0% 2.3%
Argentina 2.1% - -
Spain 1.9% 0.1% 1.8%
Mexico 1.8% 0.5% 1.2%
Brazil 1.6% 0.1% 1.6%
China 1.5% 0.2% 1.3%
Egypt 1.4% - -
France 1.4% 0.2% 1.2%
Canada 1.3% 1.2% 0.1%
Switzerland 1.3% 0.1% 1.1%
Italy 1.1% 0.0% 1.1%
Eurozone 1.1% - -
Netherlands 0.8% 0.4% 0.4%
Turkey 0.7% - -
Peru 0.6% 0.1% 0.6%
Developed Markets Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Americas 60.7% 93.1% -32.3%
Europe 8.7% 2.9% 5.8%
Supranational 0.6% 1.4% -0.8%
Asia Pacific 0.5% 0.9% -0.4%
Middle East 0.2% 0.0% 0.1%
Emerging Markets Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Asia Pacific 9.9% 0.5% 9.4%
Americas 8.0% 1.0% 6.9%
Europe 5.4% 0.1% 5.3%
Africa 4.7% 0.0% 4.7%
Middle East 0.7% - -
Multi -0.3% - -
Credit Rating Allocation Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Treasury 8.4% 39.4% -31.0%
Agency 14.6% 28.8% -14.1%
AAA 1.4% 4.6% -3.1%
AA 2.9% 5.3% -2.3%
A 4.9% 12.2% -7.3%
BBB 15.6% 9.5% 6.1%
BB 27.1% - -
B 14.1% - -
CCC 2.4% - -
CC 0.2% - -
D 0.3% - -
Unrated 9.6% 0.3% 9.3%
Other -2.5% - -
Currency Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Chilean Peso 4.2% - -
Brazilian Real 4.0% - -
Colombian Peso 3.1% - -
South African Rand 3.1% - -
Russian Ruble 2.9% - -
Mexican Peso 2.7% - -
Korean Won 2.3% - -
Indonesian Rupiah 2.0% - -
Argentine Peso 1.7% - -
Indian Rupee 1.5% - -
Swedish Krona 1.3% - -
Australian Dollar 1.2% - -
Canadian Dollar 0.9% - -
Egyptian Pound 0.7% - -
Malaysian Ringgit 0.6% - -
Thai Baht 0.4% - -
Analytics
(As of 05/31/2019)

Morningstar 05/31/2019 (based on risk adjusted performance)
  • B
Overall Rating
Number of Funds
303
Category
Multisector Bond
Performance Statistics
3Y
5Y
Alpha
1.58
0.90
Beta
0.37
0.48
Information Ratio
0.16
0.11
R-Squared
11.88
24.05
Sharpe Ratio
0.53
0.34
Standard Deviation
3.95
3.89
Sortino Ratio
0.89
0.55
Tracking Error
4.40
3.97
Yields
Dividend Yield (w/o sales charge)
5.33%
Standardized Yield
5.84%
Unsubsidized Yield
5.81%
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
7.86%
-
Yield to Worst
7.53%
-
Average Effective Maturity
6.90 yrs
-
Current Duration
3.70 yrs
-
Average Coupon
18.22%
-
Turnover Ratio
67%
-
Dividends
  • F
Est. Frequency
Monthly
Last Pay Date
5/31/2019
Per Share ($)
$0.0167
12-Month Distribution ($)
$0.2100
Team
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. The fund's investment objective changed from "seeks high current income" to "seeks total return" on 6/4/12.
  2. 2. 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. The Fund may invest in senior floating rate loans that may be collateralized or uncollateralized. Senior loans are subject to credit, interest rate, prepayment and liquidity risk. Below-investment-grade (“high yield” or “junk”) bonds are more at risk of default and are subject to liquidity risk. Mortgage-related securities are subject to default risk, prepayment risk, interest rate risk, and credit risk, and may be more volatile and less liquid than other types of securities. Sovereign debt instruments are subject to the risk that a government entity may be unable to pay interest or repay principal on its debt. 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.  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. Diversification does not guarantee profit or protect against loss.
  3. 3. The Manager has contractually agreed to waive expenses in an amount equal to the management fee it receives from its Subsidiary for so long as the Fund invests in the Subsidiary. This waiver may not be terminated without the prior approval of the Fund's Board of Trustees.
  4. 4. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. Total annual fund operating expenses after any contractual fee waivers and/or expense reimbursements by the adviser in effect through May 28, 2021. See current prospectus for more information.
  5. 5. The index returns are linked and made up of the returns of (i) the custom weighted index comprised of: 40% FTSE Non-U.S. World Government Bond Index, 30% J.P. Morgan Domestic High Yield Index, and 30% Bloomberg Barclays U.S. Aggregate Bond Index from November 7, 2008 through December 31, 2016, and (ii) the Bloomberg Barclays U.S. Aggregate Bond Index from January 1, 2017 to present.  The FTSE Non-U.S. World Government Bond Index is an index of fixed rate government bonds with a maturity of one year or longer and amounts outstanding of at least U.S. $25 million. The JPMorgan Domestic High Yield Index is an unmanaged index of high yield fixed income securities issued by U.S. companies.   The Bloomberg Barclays U.S. Aggregate Bond Index is an index of U.S dollar-denominated, investment-grade U.S. corporate government and mortgage-backed securities. The indices are 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 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.
  9. 9. 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.
  10. 10. 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.
  11. 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>
  12. B. 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 star s, and the bottom 10% receive 1 star. 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. 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. Invesco Oppenheimer Global Strategic Income Fund was rated against the following numbers of Multisector Bond funds over the following time periods: the fund was rated 2 stars among 303 funds in the last three years, 3 stars among 236 in the last five years, and 3 stars among 134 in the last ten years. <strong>Past performance does not guarantee future results.</strong>
  13. C. 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.
  14. D. 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.

    As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.
  15. E. "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.
  16. F. There is no guarantee of the payment of any dividend or other distributions at any level.
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