OGUYX

Global Unconstrained Bond Fund

Overview

The Strategy typically invests in a strategic mix of global fixed income sectors to seek total return while targeting volatility.

Inception Date
January 26, 2018
Investment Style
Unconstrained Bond
Fund Index
Bloomberg Barclays Gbl Agg Hdgd Index
CUSIP
00143K723
NAV
(as of 07/19/2019)
$9.73
Total Assets
(as of 06/30/2019)
$10.27 MM
Gross Expense Ratio
(as of 06/30/2019)
2.42%
Net Expense Ratio
(as of 06/30/2019)
0.85%
Performance
Average Annual Total Returns
Dividends
Capital Gains Distributions
as of 06/30/2019
  • B
as of 06/30/2019
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
1 mo 3 mo ytd as of 2019-06-30
1 yr since inception
Global Unconstrained Bond Fund (NAV)
2.81% 4.15% 7.90% 8.68% 2.11%
Bloomberg Barclays Gbl Agg Hdgd Index
1.40% 2.92% 6.00% 7.80% 5.88%
Cumulative
Annualized
1 mo 3 mo ytd as of 2019-06-30
1 yr since inception
Global Unconstrained Bond Fund (NAV)
2.81% 4.15% 7.90% 8.68% 2.11%
Bloomberg Barclays Gbl Agg Hdgd Index
1.40% 2.92% 6.00% 7.80% 5.88%
Gross Expense Ratio: 2.42% | Net Expense Ratio: 0.85%

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 Unconstrained Bond Fund

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
7/31/2018 0.0348
8/31/2018 0.0326
9/28/2018 0.0308
10/31/2018 0.0405
11/30/2018 0.0365
12/31/2018 0.0612
1/31/2019 0.0324
2/28/2019 0.0362
3/29/2019 0.0402
4/30/2019 0.0376
5/31/2019 0.0338
6/28/2019 0.0346

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 07/19/2019

Date 2014 2015 2016 2017 2018
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date
Portfolio

Top Fixed Income Sectors

(100.1% of assets as of 05/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Credit Rating Allocation
Currency
Country Global Unconstrained Bond Fund Bloomberg Barclays Gbl Agg Hdgd Index Overweight / Underweight
Italy 18.1% 3.4% 14.6%
Multi 11.9% - -
India 11.8% 0.1% 11.7%
Greece 10.0% 0.0% 10.0%
Brazil 7.5% 0.1% 7.4%
Spain 6.8% 2.6% 4.2%
Mexico 5.5% 0.7% 4.8%
France 5.2% 5.8% -0.6%
United States 4.6% 39.8% -35.2%
Cyprus 4.5% 0.0% 4.5%
Indonesia 3.5% 0.5% 3.0%
Egypt 1.4% 0.0% 1.4%
Germany 1.3% 5.1% -3.7%
Argentina 1.0% - -
United Kingdom 0.4% 5.1% -4.7%
Developed Markets Global Unconstrained Bond Fund Bloomberg Barclays Gbl Agg Hdgd Index Overweight / Underweight
Europe 31.8% 28.8% 3.0%
Americas 4.6% 43.2% -38.5%
Emerging Markets Global Unconstrained Bond Fund Bloomberg Barclays Gbl Agg Hdgd Index Overweight / Underweight
Asia Pacific 15.3% 4.0% 11.2%
Europe 14.5% 1.2% 13.4%
Americas 14.0% 1.1% 12.9%
Multi 11.9% - 11.9%
Africa 1.4% 0.0% 1.4%
Credit Rating Allocation Global Unconstrained Bond Fund Bloomberg Barclays Gbl Agg Hdgd Index Overweight / Underweight
Treasury 4.2% 16.4% -12.2%
AA 5.2% 15.4% -10.2%
A 6.1% 28.7% -22.6%
BBB 12.1% 11.8% 0.3%
BB 17.9% 0.0% 17.9%
B 2.7% - -
Unrated 24.4% 3.6% 20.7%
Other 21.1% 0.0% 21.1%
Currency Global Unconstrained Bond Fund Bloomberg Barclays Gbl Agg Hdgd Index Overweight / Underweight
Brazilian Real 3.3% - 3.3%
South African Rand 2.9% - 2.9%
Russian Ruble 2.7% 0.0% 2.7%
Indian Rupee 2.7% - 2.7%
Mexican Peso 2.0% 0.0% 2.0%
Norwegian Krone 1.9% 0.0% 1.9%
Chilean Peso 1.8% 0.0% 1.8%
Swedish Krona 1.7% 0.0% 1.7%
Indonesian Rupiah 1.4% 0.3% 1.1%
Egyptian Pound 1.4% - 1.4%
Argentine Peso 0.6% - 0.6%
Euro -6.3% 0.0% -6.3%
Analytics
(As of 06/30/2019)

Yields
Dividend Yield (w/o sales charge)
4.37%
Standardized Yield
4.38%
Unsubsidized Yield
2.20%
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
5.36%
-
Yield to Worst
5.35%
-
Average Effective Maturity
10.46 yrs
-
Current Duration
1.30 yrs
-
Average Coupon
3.92%
-
Dividends
Est. Frequency
Monthly
Last Pay Date
6/28/2019
Per Share ($)
$0.0346
12-Month Distribution ($)
$0.4512
Team
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. This is a new fund with limited operating history and an inception date of 1/26/18.
  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.Below-investment-grade (“high yield” or "junk") bonds are more at risk of default and are subject to liquidity risk.Asset-backed securities are subject to prepayment 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.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.Sovereign debt instruments are subject to the risk that a government entity may be unable to pay interest or repay principal on its debt.Floating and variable rate securities may be subject to greater liquidity risk than other debt securities.Municipal bonds are subject to default on income and principal payments.Repurchase agreements are subject to credit risk.Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. Senior loans are subject to credit, interest rate and prepayment risk, are typically lower-rated and may be illiquid investments (which may not have a ready market).Investing in other investment companies is subject to risks of the underlying portfolio.
  3. 3. The Bloomberg Barclays Global Aggregate Bond Index provides a broad-based measure of global investment grade fixed-rate debt markets.  The index is comprised of several other Barclays indexes that measure fixed income performance of regions around the world while hedging the currency back to the US dollar. 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 the performance of the Fund. Past performance does not guarantee future results.
  4. 4. 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.
  5. 5. 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.
  6. 6. 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.
  7. 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>
  8. B. 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.
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