Multi Sector Income

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 05/31/2019)
$4.90 BN
Composite Benchmark
Bloomberg Barclays US Aggregate Bond Index
Available Vehicles
Separate Account
Commingled Vehicle
Subadvised Account
Performance
Average Annual Returns
Calendar Year Returns
as of 05/31/2019
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)
5.30% 1.77% 4.59% 3.15% 7.57% 4.77%
Multi Sector Income (net of fees)
5.17% 1.29% 4.10% 2.66% 7.05% 4.27%
Bloomberg Barclays US Aggregate Bond Index
2.94% 4.48% 2.64% 1.67% 5.10% 4.14%
Cumulative
Annualized
ytd as of 2019-05-31
1 yr 3 yr 5 yr 10 yr since inception
Multi Sector Income (gross of fees)
5.90% 4.04% 4.20% 2.84% 6.63% 4.75%
Multi Sector Income (net of fees)
5.70% 3.55% 3.70% 2.35% 6.12% 4.25%
Bloomberg Barclays US Aggregate Bond Index
4.80% 6.40% 2.78% 1.70% 4.52% 4.24%

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


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%

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

Portfolio

Top Asset Allocations

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


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 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 Multi Sector Income 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 Multi Sector Income 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 Multi Sector Income 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 Multi Sector Income 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)

Performance Statistics
3Y
5Y
Alpha
2.30
1.58
Beta
0.35
0.48
Information Ratio
0.33
0.30
R-Squared
11.69
25.88
Sharpe Ratio
0.74
0.54
Standard Deviation
3.75
3.75
Sortino Ratio
1.35
0.91
Tracking Error
4.29
3.83
Yields
Portfolio Characteristics
Rep Portfolio
Composite Benchmark
Turnover Ratio
67%
-
Team

    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. 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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