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Core Plus Bond

Overview

The Strategy typically invests in U.S. investment-grade fixed income instruments.

Strategy Inception Date
April 15, 1998
Composite Inception Date
December 31, 2007
Composite AUM
(as of 11/30/2018)
$2.10 BN
Composite Benchmark
Bloomberg Barclays US Aggregate Bond Index
Available Vehicles
Separate Account
Commingled Vehicle
Performance
Average Annual Returns
Cumulative Returns
Calendar Year Returns
as of 11/30/2018
as of 09/30/2018

Cumulative
Annualized
ytd as of 2018-09-30
1 yr 3 yr 5 yr 10 yr since inception
Core Plus Bond (gross of fees)
-0.95% -0.16% 2.60% 3.64% 2.57% 1.12%
Core Plus Bond (net of fees)
-1.13% -0.40% 2.36% 3.39% 2.32% 0.87%
Bloomberg Barclays US Aggregate Bond Index
-1.60% -1.22% 1.31% 2.16% 3.77% 3.57%
Cumulative
Annualized
ytd as of 2018-11-30
1 yr 3 yr 5 yr 10 yr since inception
Core Plus Bond (gross of fees)
-1.63% -0.99% 2.24% 3.24% 6.20% 1.03%
Core Plus Bond (net of fees)
-1.85% -1.23% 2.00% 2.99% 5.94% 0.79%
Bloomberg Barclays US Aggregate Bond Index
-1.79% -1.34% 1.33% 2.03% 3.67% 3.49%

OFI Global's Core Plus Bond Composite includes every fully representative portfolio managed in the strategy. Certain securities may constitute a significant portion of the portfolio resulting in security and sector weightings that may differ from those of the benchmark index.

Please review the Complete Performance Disclosures


Year Core Plus Bond (gross of fees) Core Plus Bond (net of fees) Bloomberg Barclays US Aggregate Bond Index
2008 -35.93% -36.09% 5.24%
2009 8.98% 8.72% 5.93%
2010 12.28% 12.01% 6.54%
2011 8.66% 8.40% 7.84%
2012 10.95% 10.69% 4.21%
2013 0.71% 0.47% -2.02%
2014 7.86% 7.60% 5.97%
2015 1.50% 1.26% 0.55%
2016 3.76% 3.51% 2.65%
2017 5.19% 4.94% 3.54%

OFI Global's Core Plus Bond Composite includes every fully representative portfolio managed in the strategy. Certain securities may constitute a significant portion of the portfolio resulting in security and sector weightings that may differ from those of the benchmark index.

Please review the Complete Performance Disclosures


Date Core Plus Bond (gross of fees) Core Plus Bond (net of fees) Bloomberg Barclays US Aggregate Bond Index
11/30/2008 0.00 0.00 0.00
12/31/2008 4.48 4.46 3.73
1/31/2009 0.02 -0.02 2.82
2/28/2009 -7.20 -7.26 2.43
3/31/2009 -5.49 -5.56 3.85
4/30/2009 -3.37 -3.47 4.35
5/31/2009 0.25 0.13 5.10
6/30/2009 1.82 1.68 5.70
7/31/2009 5.71 5.54 7.41
8/31/2009 8.59 8.40 8.52
9/30/2009 11.10 10.88 9.66
10/31/2009 12.75 12.50 10.20
11/30/2009 14.17 13.90 11.63
12/31/2009 13.86 13.57 9.88
1/31/2010 16.39 16.06 11.56
2/28/2010 17.03 16.68 11.98
3/31/2010 17.93 17.56 11.84
4/30/2010 20.33 19.93 13.01
5/31/2010 20.36 19.93 13.96
6/30/2010 22.31 21.85 15.74
7/31/2010 24.71 24.21 16.98
8/31/2010 27.24 26.71 18.48
9/30/2010 28.36 27.80 18.61
10/31/2010 29.06 28.48 19.03
11/30/2010 28.65 28.04 18.35
12/31/2010 27.84 27.21 17.07
1/31/2011 28.95 28.29 17.21
2/28/2011 30.12 29.43 17.50
3/31/2011 30.53 29.81 17.57
4/30/2011 32.59 31.83 19.06
5/31/2011 34.02 33.23 20.61
6/30/2011 32.83 32.02 20.26
7/31/2011 35.27 34.42 22.17
8/31/2011 36.09 35.20 23.95
9/30/2011 36.47 35.55 24.85
10/31/2011 37.41 36.46 24.99
11/30/2011 36.75 35.78 24.88
12/31/2011 38.91 37.89 26.25
1/31/2012 41.20 40.14 27.36
2/29/2012 42.46 41.36 27.33
3/31/2012 42.50 41.37 26.63
4/30/2012 44.14 42.97 28.04
5/31/2012 45.39 44.19 29.20
6/30/2012 46.19 44.95 29.25
7/31/2012 49.37 48.07 31.03
8/31/2012 50.43 49.09 31.11
9/30/2012 52.25 50.86 31.29
10/31/2012 53.28 51.86 31.55
11/30/2012 53.65 52.19 31.76
12/31/2012 54.13 52.63 31.57
1/31/2013 54.09 52.57 30.65
2/28/2013 54.88 53.32 31.31
3/31/2013 55.50 53.90 31.41
4/30/2013 57.69 56.04 32.74
5/31/2013 55.42 53.77 30.37
6/30/2013 51.92 50.27 28.36
7/31/2013 52.46 50.77 28.53
8/31/2013 52.15 50.44 27.88
9/30/2013 53.67 51.91 29.09
10/31/2013 55.87 54.06 30.13
11/30/2013 55.59 53.75 29.64
12/31/2013 55.22 53.35 28.91
1/31/2014 58.15 56.21 30.81
2/28/2014 59.64 57.65 31.51
3/31/2014 59.78 57.76 31.29
4/30/2014 61.49 59.42 32.39
5/31/2014 63.69 61.56 33.90
6/30/2014 64.24 62.07 33.97
7/31/2014 63.83 61.63 33.63
8/31/2014 65.68 63.43 35.11
9/30/2014 64.57 62.30 34.19
10/31/2014 66.14 63.81 35.51
11/30/2014 67.15 64.78 36.47
12/31/2014 67.42 65.01 36.60
1/31/2015 70.90 68.41 39.47
2/28/2015 70.51 67.99 38.15
3/31/2015 71.33 68.76 38.80
4/30/2015 70.93 68.34 38.30
5/31/2015 70.52 67.90 37.96
6/30/2015 68.37 65.75 36.46
7/31/2015 69.92 67.24 37.41
8/31/2015 69.26 66.56 37.21
9/30/2015 70.09 67.34 38.14
10/31/2015 70.92 68.13 38.16
11/30/2015 70.70 67.87 37.80
12/31/2015 69.93 67.08 37.35
1/31/2016 71.68 68.77 39.24
2/29/2016 72.42 69.46 40.23
3/31/2016 74.47 71.45 41.52
4/30/2016 75.75 72.66 42.06
5/31/2016 76.01 72.89 42.10
6/30/2016 78.82 75.62 44.65
7/31/2016 81.10 77.81 45.56
8/31/2016 81.06 77.74 45.40
9/30/2016 81.31 77.96 45.31
10/31/2016 79.97 76.60 44.20
11/30/2016 75.80 72.47 40.79
12/31/2016 76.32 72.95 40.99
1/31/2017 77.08 73.66 41.26
2/28/2017 78.60 75.12 42.21
3/31/2017 78.34 74.82 42.14
4/30/2017 80.16 76.57 43.24
5/31/2017 81.78 78.13 44.34
6/30/2017 82.09 78.39 44.19
7/31/2017 83.40 79.64 44.81
8/31/2017 84.53 80.72 46.11
9/30/2017 84.00 80.16 45.42
10/31/2017 84.53 80.65 45.50
11/30/2017 84.27 80.36 45.31
12/31/2017 85.47 81.49 45.98
1/31/2018 83.88 79.90 44.30
2/28/2018 81.98 78.01 42.93
3/31/2018 82.29 78.28 43.85
4/30/2018 81.51 77.47 42.78
5/31/2018 82.13 78.04 43.80
6/30/2018 82.16 78.04 43.62
7/31/2018 83.07 78.90 43.66
8/31/2018 83.97 79.74 44.58
9/30/2018 83.71 79.45 43.65
10/31/2018 82.08 77.82 42.51
11/30/2018 82.44 78.14 43.36

OFI Global's Core Plus Bond Composite includes every fully representative portfolio managed in the strategy. Certain securities may constitute a significant portion of the portfolio resulting in security and sector weightings that may differ from those of the benchmark index.

Please review the Complete Performance Disclosures

Portfolio

Top Fixed Income Sectors

(100.0% of assets as of 11/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Credit Rating Allocation
Country Core Plus Bond Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
United States 111.1% 91.7% 19.4%
United Kingdom 3.2% 1.1% 2.1%
Canada 1.9% 1.1% 0.8%
Germany 1.4% 0.7% 0.8%
France 1.2% 0.2% 1.0%
Netherlands 0.9% 0.4% 0.5%
Japan 0.5% 0.7% -0.2%
Switzerland 0.5% 0.2% 0.3%
Belgium 0.4% 0.1% 0.3%
Ireland 0.4% 0.0% 0.3%
Luxembourg 0.3% 0.0% 0.2%
Hong Kong 0.3% - -
Spain 0.2% 0.1% 0.1%
Portugal 0.2% - -
Norway 0.2% 0.1% 0.1%
Australia 0.2% 0.3% -0.1%
Sweden 0.1% 0.1% 0.0%
Guernsey 0.1% 0.0% 0.1%
Bermuda 0.1% 0.0% 0.1%
Developed Markets Core Plus Bond Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Americas 113.1% 92.8% 20.3%
Europe 8.9% 3.0% 5.9%
Asia Pacific 0.9% 1.0% 0.0%
Credit Rating Allocation Core Plus Bond Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Agency 36.3% 29.6% 6.7%
AAA 12.6% 4.7% 7.9%
AA 7.5% 5.3% 2.3%
A 19.9% 11.7% 8.1%
BBB 38.0% 9.8% 28.1%
BB 6.8% - -
B 0.3% - -
CCC 0.4% - -
D 0.3% - -
Unrated 0.9% 0.4% 0.5%
Analytics
(As of 11/30/2018)

Performance Statistics
3Y
5Y
Alpha
0.92
1.25
Beta
0.92
0.95
Information Ratio
0.98
1.37
R-Squared
88.72
90.04
Sharpe Ratio
0.46
0.95
Standard Deviation
2.63
2.69
Sortino Ratio
0.66
1.61
Tracking Error
0.93
0.88
Portfolio Characteristics
Rep Portfolio
Composite Benchmark
Yield to Maturity
5.19%
3.55%
Yield to Worst
5.01%
3.54%
Average Effective Maturity
7.04 yrs
3.54 yrs
Current Duration
5.90 yrs
5.90 yrs
Average Coupon
4.91%
-
Convexity
-0.6
0.3
Option Adjusted Spread
132 bps
50 bps
Turnover Ratio
86%
-

    The Composite gross-of-fee returns reflect the reinvestment of income and the impact of transaction costs, but do not include the deduction of investment advisory fees, distribution expenses or any other account expenses, such as custodial fees. Composite net-of-fee returns are calculated by deducting a model investment advisory fee (using the maximum investment advisory fee as determined by the product's fee schedule) from the Composite gross-of-fee returns. Annual fees for the Core Plus Bond product are 0.25% on the first $250 million under management, 0.23% on the next $250 million, and 0.20% on any additional amount. Actual fees may vary depending on, among other things, the vehicle type, applicable fee schedule and portfolio size. While actual portfolios incur transaction expenses, pay investment advisory fees, and may incur other account expenses, the benchmark index is shown without the impact of such charges.

  1. 1. Holdings are subject to change and are dollar-weighted based on assets.
  2. 2. The mention of specific companies does not constitute a recommendation on behalf of OFI Global.
  3. 3. The holdings information shown above is derived from a representative account deemed to appropriately represent this management style. The specific securities identified are not representative of all of the securities purchased, sold or recommended for advisory clients. It should not be assumed that an investment in the securities identified was or will be profitable. Actual holdings will vary for each client and there is no guarantee that a particular client's account will hold any or all of the securities listed.
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