U.S. Flag United States
Registered Investment Advisor
Ă—

Domestic Debt

Senior Floating Rate Plus Fund

The Strategy typically invests in senior loans with the flexibility to include high yield bonds and actively employ leverage.

Investment Style
Senior Floating Rate
Fund Inception
August 23, 2013
Total Assets (all classes) (as of 7/31/2017)
$69.7 million
Fund Index
JPMorgan Leveraged Loan Index
NAV (as of 8/16/17)
  • A
$9.45

Equity

Fixed Income

Municipal Bond
performance
analytics
holdings
as of 7/31/2017
  • F
as of 6/30/2017
  • F

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
1 mo 3 mo ytd as of 8/16/17
  • C
1 yr 3 yr since inception
Senior Floating Rate Plus Fund (NAV)
-0.25% 0.29% 2.64% 9.94% 3.32% 4.03%
Cumulative
Annualized
1 mo 3 mo ytd as of 8/16/17
  • C
1 yr 3 yr since inception
Senior Floating Rate Plus Fund (NAV)
0.94% 0.88% 2.64% 8.95% 3.62% 4.19%
Gross Expense Ratio: 1.56% | Net Expense Ratio: 1.43%

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 Plus Fund JPMorgan Leveraged Loan Index
2013 0.00% -
2014 1.08% 2.40%
2015 -2.96% 0.54%
2016 13.57% 9.78%

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 Plus Fund J.P. Morgan Leveraged Loan Index (Linked Index)
7/31/2014 0.00 0.00
8/31/2014 -0.04 0.23
9/30/2014 -0.80 -0.28
10/31/2014 -0.55 0.17
11/30/2014 -0.12 0.63
12/31/2014 -2.01 -0.32
1/31/2015 -2.04 0.10
2/28/2015 -0.20 1.50
3/31/2015 0.01 1.99
4/30/2015 0.86 2.86
5/31/2015 0.95 2.96
6/30/2015 0.16 2.68
7/31/2015 0.49 2.98
8/31/2015 -0.45 2.41
9/30/2015 -1.49 1.89
10/31/2015 -1.42 1.92
11/30/2015 -3.40 0.98
12/31/2015 -5.38 0.22
1/31/2016 -7.10 -0.41
2/29/2016 -8.00 -0.84
3/31/2016 -4.98 1.91
4/30/2016 -2.59 3.67
5/31/2016 -0.91 4.61
6/30/2016 -0.56 4.54
7/31/2016 1.27 6.00
8/31/2016 2.27 6.80
9/30/2016 3.81 7.69
10/31/2016 5.08 8.37
11/30/2016 5.47 8.77
12/31/2016 7.09 10.02
1/31/2017 7.83 10.49
2/28/2017 8.77 11.14
3/31/2017 8.51 11.20
4/30/2017 8.87 11.59
5/31/2017 8.93 12.00
6/30/2017 8.73 12.05
7/31/2017 9.72 12.90
Date Dividends
8/29/2014 0.0495
9/30/2014 0.0459
10/31/2014 0.0486
11/28/2014 0.0451
12/31/2014 0.0497
1/30/2015 0.0502
2/27/2015 0.0423
3/31/2015 0.0439
4/30/2015 0.0449
5/29/2015 0.0416
6/30/2015 0.0469
7/31/2015 0.0478
8/31/2015 0.0433
9/30/2015 0.0439
10/30/2015 0.0496
11/30/2015 0.0458
12/31/2015 0.0475
1/29/2016 0.0427
2/29/2016 0.0385
3/31/2016 0.0416
4/29/2016 0.0423
5/31/2016 0.0456
6/30/2016 0.0453
7/29/2016 0.0479
8/31/2016 0.0431
9/30/2016 0.042
10/31/2016 0.0361
11/30/2016 0.0372
12/30/2016 0.037
1/31/2017 0.0387
2/28/2017 0.0348
3/31/2017 0.04
4/28/2017 0.0333
5/31/2017 0.0382
6/30/2017 0.036
7/31/2017 0.0386

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 8/16/2017

Date 2012 2013 2014 2015 2016
Short Term 0.0359
Long Term
Total Amount of Distribution 0.0359
Record Date 12/31/14
Ex Div Date 12/31/14
Pay Date 12/31/14

There is no guarantee of the payment of any dividend or other distributions at any level.

Analytics

(As of 7/31/2017)

Morningstar 7/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
210
Category
Bank Loan
Performance Statistics
3Y
Alpha
-2.49
Information Ratio
-0.28
Sharpe Ratio
0.79
R-Squared
93.07
Standard Deviation
4.30
Sortino Ratio
0.39
Beta
1.54
Tracking Error
1.84
Dividends
  • D
Est. Frequency
Monthly
Last Pay Date
7/31/2017
Per Share ($)
$0.04
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.45
Portfolio Characteristics
Fund
Fund Index
Yield to Worst
6.70%
4.87%
Average Effective Maturity
5.03 yrs
5.30 yrs
Current Duration
0.30 yrs
0.00 yrs
Average Coupon
5.46%
-
Effective Coupon
5.46%
4.78%
Effective Discount Margin
512.76 bps
466.26 bps
Loan Average Price
$98.41
$98.58
Turnover Ratio
69.00%
-
Yields
Dividend Yield (w/o sales charge)
4.79%
Standardized Yield
5.51%

Top Industries

(112.6% of assets as of 07/31/17)


Portfolio Holdings Breakdown

Country 4
Credit Rating Allocation 5
Asset Allocation 4
Country Senior Floating Rate Plus Fund JPMorgan Leveraged Loan Index Overweight / Underweight
United States 101.6% 88.9% 12.6%
Luxembourg 3.0% 1.6% 1.3%
United Kingdom 2.1% 1.5% 0.6%
Canada 2.0% 3.1% -1.0%
Netherlands 1.8% 1.1% 0.7%
France 0.6% 0.6% 0.1%
Spain 0.6% 0.3% 0.3%
Puerto Rico 0.5% 0.1% 0.4%
India 0.3% 0.1% 0.2%
New Zealand 0.3% 0.4% -0.1%
Cyprus 0.3% - -
Ireland 0.3% 0.1% 0.2%
Australia 0.2% 0.2% 0.0%
Marshall Islands 0.2% 0.1% 0.2%
Cayman Islands 0.2% 0.2% 0.0%
South Korea 0.2% 0.1% 0.1%
Norway 0.1% 0.1% 0.0%
Germany 0.1% 0.4% -0.3%
Credit Rating Allocation Senior Floating Rate Plus Fund JPMorgan Leveraged Loan Index Overweight / Underweight
BB 53.9% 25.9% 28.0%
B 39.4% 17.6% 21.8%
BBB 7.8% 5.1% 2.6%
Unrated 6.1% 0.1% 6.0%
CCC 4.8% 1.3% 3.4%
Other 1.8% 50.0% -48.2%
CC 0.8% - -
D 0.1% - -
Asset Allocation Senior Floating Rate Plus Fund JPMorgan Leveraged Loan Index Overweight / Underweight
Senior Loans 110.3% 100.0% 10.3%
Corporate Bonds 2.5% - -
Equity 1.8% - -
  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. 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. 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.
  5. 5. 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.
  6. 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. ↩
  7. 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 3.50% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment. ↩
  8. 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. ↩
  9. D. There is no guarantee of the payment of any dividend or other distributions at any level. ↩
  10. 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. ↩
  11. 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. ↩
Ă—
Loading...
Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )