Multi Sector Income

Fact Sheet

Overview

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

Strategy Inception Date: October 16, 1989

Composite Inception Date: December 31, 2007

Composite AUM: (as of 03/31/2019); $4.90 BN

Composite Benchmark: Bloomberg Barclays US Aggregate Bond Index

Available Vehicles: Separate Account

Commingled Vehicle

Subadvised Account

Global Strategic Income Fund

Performance

Average Annual Returns

Cumulative Returns

Calendar Year Returns

Multi Sector Income

Average Annual Returns as of 03/31/2019

as of 03/31/2019

	Cumulative		Annualized
	ytd as of 2019-03-31	1 yr	3 yr	5 yr	10 yr	since inception
Multi Sector Income (gross of fees) As of Quarter end 03/31/2019	5.30%	1.77%	4.59%	3.15%	7.57%	4.77%
Multi Sector Income (net of fees) As of Quarter end 03/31/2019	5.17%	1.29%	4.10%	2.66%	7.05%	4.27%
Bloomberg Barclays US Aggregate Bond Index As of Quarter end 03/31/2019	2.94%	4.48%	2.64%	1.67%	5.10%	4.14%

	Cumulative		Annualized
	ytd as of 2019-03-31	1 yr	3 yr	5 yr	10 yr	since inception
Multi Sector Income (gross of fees) As of month end 03/31/2019	5.30%	1.77%	4.59%	3.15%	7.57%	4.77%
Multi Sector Income (net of fees) As of month end 03/31/2019	5.17%	1.29%	4.10%	2.66%	7.05%	4.27%
Bloomberg Barclays US Aggregate Bond Index As of month end 03/31/2019	2.94%	4.48%	2.64%	1.67%	5.10%	4.14%

OFI Global's Multi Sector Income 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

Multi Sector Income

Calendar Year Return as of 03/31/2019

as of 03/31/2019

View Table Graph Print

Year	Multi Sector Income (gross of fees)	Multi Sector Income (net of fees)	Bloomberg Barclays US Aggregate Bond Index
2008	-15.28%	-15.69%	-3.55%
2009	22.10%	21.53%	19.00%
2010	16.63%	16.08%	8.50%
2011	1.92%	1.43%	6.63%
2012	14.54%	13.99%	6.38%
2013	0.59%	0.11%	-0.04%
2014	3.63%	3.14%	1.36%
2015	-1.25%	-1.72%	-3.46%
2016	7.30%	6.79%	7.07%
2017	7.14%	6.63%	3.54%
2018	-3.75%	-4.22%	0.01%

Please review the Complete Performance Disclosures

Multi Sector Income

Cumulative Returns & Income Dividends

View Table Graph Print

Time Period

YTD

10Y

INCEPTION

Date	Multi Sector Income (gross of fees)	Multi Sector Income (net of fees)	Bloomberg Barclays US Aggregate Bond Index
3/31/2009	0.00	0.00	0.00
4/30/2009	4.44	4.40	3.59
5/31/2009	9.79	9.70	7.68
6/30/2009	11.47	11.34	9.16
7/31/2009	16.72	16.54	12.79
8/31/2009	18.98	18.75	14.79
9/30/2009	23.68	23.40	18.41
10/31/2009	25.29	24.95	19.30
11/30/2009	26.72	26.32	22.01
12/31/2009	27.00	26.55	19.72
1/31/2010	28.37	27.87	20.62
2/28/2010	29.46	28.90	20.94
3/31/2010	32.49	31.87	20.97
4/30/2010	36.01	35.32	21.80
5/31/2010	32.86	32.13	19.92
6/30/2010	35.35	34.56	21.71
7/31/2010	40.28	39.40	25.63
8/31/2010	42.16	41.22	27.08
9/30/2010	46.44	45.41	29.89
10/31/2010	49.11	48.00	32.01
11/30/2010	45.78	44.64	27.98
12/31/2010	48.11	46.90	29.90
1/31/2011	49.08	47.79	30.84
2/28/2011	50.98	49.63	31.78
3/31/2011	52.19	50.76	32.23
4/30/2011	57.02	55.48	35.39
5/31/2011	56.89	55.29	35.73
6/30/2011	56.01	54.36	35.57
7/31/2011	57.37	55.64	38.16
8/31/2011	53.32	51.58	38.32
9/30/2011	47.68	45.94	35.68
10/31/2011	51.77	49.93	38.49
11/30/2011	49.38	47.50	36.47
12/31/2011	50.96	49.00	38.51
1/31/2012	55.96	53.88	41.10
2/29/2012	58.98	56.80	41.49
3/31/2012	58.81	56.56	40.69
4/30/2012	60.12	57.80	42.49
5/31/2012	57.27	54.93	41.52
6/30/2012	60.77	58.31	42.52
7/31/2012	64.35	61.77	44.44
8/31/2012	65.80	63.13	45.65
9/30/2012	67.87	65.11	47.39
10/31/2012	69.20	66.34	47.25
11/30/2012	70.85	67.91	47.46
12/31/2012	72.90	69.86	47.35
1/31/2013	74.27	71.13	46.77
2/28/2013	74.83	71.61	46.11
3/31/2013	75.40	72.11	46.35
4/30/2013	78.77	75.34	48.32
5/31/2013	75.27	71.83	44.79
6/30/2013	69.54	66.15	42.81
7/31/2013	71.22	67.73	44.88
8/31/2013	69.18	65.66	44.19
9/30/2013	71.51	67.88	46.45
10/31/2013	73.95	70.20	48.63
11/30/2013	73.08	69.28	47.82
12/31/2013	73.93	70.04	47.30
1/31/2014	74.27	70.31	49.10
2/28/2014	76.78	72.70	51.40
3/31/2014	77.56	73.39	51.45
4/30/2014	78.79	74.52	52.94
5/31/2014	81.31	76.91	53.97
6/30/2014	82.56	78.06	55.08
7/31/2014	82.08	77.52	53.61
8/31/2014	83.83	79.16	54.95
9/30/2014	81.15	76.47	50.91
10/31/2014	82.43	77.65	51.37
11/30/2014	82.40	77.54	50.61
12/31/2014	80.25	75.38	49.30
1/31/2015	82.75	77.75	49.51
2/28/2015	84.87	79.74	49.66
3/31/2015	84.76	79.56	48.47
4/30/2015	85.67	80.36	50.03
5/31/2015	86.06	80.67	48.06
6/30/2015	83.62	78.23	46.99
7/31/2015	84.48	79.00	47.17
8/31/2015	81.93	76.46	46.67
9/30/2015	79.50	74.02	46.38
10/31/2015	81.79	76.18	47.56
11/30/2015	80.09	74.45	44.73
12/31/2015	78.00	72.36	44.14
1/31/2016	77.00	71.33	44.53
2/29/2016	77.11	71.36	47.32
3/31/2016	81.23	75.28	52.13
4/30/2016	84.26	78.14	55.21
5/31/2016	84.37	78.18	54.25
6/30/2016	86.43	80.10	58.51
7/31/2016	89.25	82.75	60.32
8/31/2016	90.92	84.28	60.73
9/30/2016	91.79	85.06	61.75
10/31/2016	91.53	84.72	58.65
11/30/2016	88.56	81.79	53.84
12/31/2016	90.99	84.06	54.33
1/31/2017	93.03	85.96	54.63
2/28/2017	95.21	87.98	55.67
3/31/2017	95.14	87.83	55.59
4/30/2017	97.01	89.56	56.79
5/31/2017	98.82	91.23	58.00
6/30/2017	99.12	91.44	57.84
7/31/2017	101.43	93.58	58.52
8/31/2017	102.48	94.51	59.94
9/30/2017	102.31	94.28	59.18
10/31/2017	102.76	94.63	59.27
11/30/2017	103.04	94.82	59.06
12/31/2017	104.63	96.26	59.79
1/31/2018	105.53	97.05	57.95
2/28/2018	103.76	95.28	56.46
3/31/2018	103.76	95.20	57.46
4/30/2018	102.66	94.07	56.29
5/31/2018	100.47	91.89	57.40
6/30/2018	99.31	90.70	57.21
7/31/2018	102.42	93.60	57.25
8/31/2018	99.12	90.37	58.26
9/30/2018	101.15	92.23	57.24
10/31/2018	98.51	89.64	56.00
11/30/2018	98.53	89.58	56.93
12/31/2018	96.95	87.99	59.81
1/31/2019	105.20	95.79	61.51
2/28/2019	106.90	97.34	61.42
3/31/2019	107.38	97.71	64.52

Please review the Complete Performance Disclosures

Portfolio

Top Asset Allocations

1

2

3

(99.9% of assets as of 03/31/2019)

Multi Sector Income

Portfolio Holdings Breakdown as of 03/31/2019

Portfolio Holdings Breakdown

Country

Developed Markets

Emerging Markets

Credit Rating Allocation

Currency

Country	Multi Sector Income	Bloomberg Barclays US Aggregate Bond Index	Overweight / Underweight
United States	57.3%	91.7%	-34.5%
Greece	4.4%	-	-
India	3.4%	-	-
Mexico	3.1%	0.6%	2.5%
Brazil	2.9%	0.1%	2.8%
United Kingdom	2.8%	1.1%	1.7%
Indonesia	2.6%	0.0%	2.6%
Argentina	2.6%	-	-
Spain	2.0%	0.1%	1.9%
South Africa	2.0%	0.0%	2.0%
France	1.9%	0.2%	1.7%
China	1.5%	0.2%	1.3%
Canada	1.5%	1.2%	0.4%
Bermuda	1.2%	0.0%	1.2%
Switzerland	1.1%	0.2%	0.9%
Egypt	1.1%	-	-
Netherlands	0.9%	0.4%	0.5%
Turkey	0.9%	-	-
Colombia	0.9%	0.2%	0.8%
Italy	0.6%	0.0%	0.6%

Developed Markets	Multi Sector Income	Bloomberg Barclays US Aggregate Bond Index	Overweight / Underweight
Americas	60.2%	92.9%	-32.7%
Europe	10.2%	3.0%	7.3%
Asia Pacific	0.6%	1.0%	-0.4%
Middle East	0.2%	0.0%	0.1%
Supranational	0.2%	1.5%	-1.2%

Emerging Markets	Multi Sector Income	Bloomberg Barclays US Aggregate Bond Index	Overweight / Underweight
Americas	11.2%	1.1%	10.1%
Asia Pacific	8.9%	0.5%	8.4%
Europe	6.1%	0.1%	6.0%
Africa	4.3%	0.0%	4.3%
Middle East	0.7%	-	-
Multi	-0.3%	-	-

Credit Rating Allocation	Multi Sector Income	Bloomberg Barclays US Aggregate Bond Index	Overweight / Underweight
Treasury	6.8%	38.8%	-31.9%
Agency	12.6%	29.2%	-16.6%
AAA	1.8%	4.7%	-2.9%
AA	2.4%	5.2%	-2.9%
A	6.1%	12.0%	-6.0%
BBB	16.0%	9.7%	6.3%
BB	29.7%	-	-
B	17.3%	-	-
CCC	3.3%	-	-
CC	0.1%	-	-
C	0.1%	-	-
D	0.2%	-	-
Unrated	10.7%	0.3%	10.4%
Other	-4.8%	-	-

Currency	Multi Sector Income	Bloomberg Barclays US Aggregate Bond Index	Overweight / Underweight
South African Rand	4.2%	-	-
Japanese Yen	4.1%	-	-
Russian Ruble	3.1%	-	-
Brazilian Real	2.8%	-	-
Mexican Peso	2.5%	-	-
Indian Rupee	2.4%	-	-
Indonesian Rupiah	2.0%	-	-
Argentine Peso	1.9%	-	-
Chilean Peso	1.9%	-	-
Swedish Krona	1.6%	-	-
Colombian Peso	1.4%	-	-
Korean Won	1.4%	-	-
Canadian Dollar	1.0%	-	-
British Pound	0.7%	-	-
Australian Dollar	0.7%	-	-
Egyptian Pound	0.7%	-	-
Chinese Renminbi	0.5%	-	-
Norwegian Krone	0.5%	-	-
Turkish New Lira	0.4%	-	-

Analytics

Multi Sector Income

Analytics as of 03/31/2019

(As of 03/31/2019)

Performance Statistics

Alpha

2.70

1.90

Beta

0.43

0.52

Information Ratio

0.48

0.40

R-Squared

17.77

29.05

Sharpe Ratio

0.86

0.63

Standard Deviation

3.80

3.77

Sortino Ratio

1.61

1.08

Tracking Error

4.10

3.71

Portfolio Characteristics

Rep Portfolio

Composite Benchmark

Turnover Ratio

67%

Insights

Team

Hemant Baijal

Lead Portfolio Manager of Global Debt and Multi-Sector Fixed Income

Hemant Baijal is Lead Portfolio Manager of Global Debt and Multi-Sector Fixed Income. Prior to joining the Firm, he co-founded Six Seasons Global Asset Management, where he was a Partner and Portfolio Manager with a focus on fixed income macro strategies. Prior to that, he was a Partner and Portfolio Manager at Aravali Partners.

Krishna Memani

Chief Investment Officer, Portfolio Manager

Krishna Memani serves as Chief Investment Officer, overseeing all investment teams at the Firm. He is also the head of Fixed Income. In addition to his investment leadership roles, Mr. Memani is a portfolio manager for Oppenheimer Total Return Bond Fund, Oppenheimer Global Strategic Income Fund, and Oppenheimer Capital Income Fund.

Ruta Ziverte

Portfolio Manager

Ruta Ziverte is a senior portfolio manager on the Multi-Sector Fixed Income team. Prior to joining the Firm, she was a senior vice president and high yield portfolio manager with GE Asset Management. Prior to that, she was a team leader and senior analyst where she co-managed a leveraged finance research team.

Bw christopher kelly oppenheimerfunds headshot2

Chris Kelly, CFA

Co-Head of Global Debt Team

Chris Kelly, CFA, is co-head of the Global Debt team and a portfolio manager of the International Bond and Multi Sector Income strategies, and Oppenheimer Global High Yield Fund. Mr. Kelly’s primary responsibilities include global credit strategy.

Noam Alhadeff, CFA

Senior Research Analyst

Gregg Fisher

Senior Research Analyst

Ryan Miller, CFA

Senior Research Analyst

Jason H. Martin, CFA

Associate Portfolio Strategist

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 Multi Sector Income product are 0.50% on the first $100 million under management, 0.45% on the next $100 million, and 0.40% 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 custom benchmark indices are shown without the impact of such charges.

1. Holdings are subject to change and are dollar-weighted based on assets.
2. The mention of specific companies does not constitute a recommendation on behalf of OFI Global.
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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