Oppenheimer Investment Management LLC (“OIM”) is a federally registered investment adviser. OIM is a subsidiary of Oppenheimer Asset Management Inc., a federally registered investment adviser and an affiliate of Oppenheimer & Co. Inc., a federally registered investment adviser and broker-dealer. Oppenheimer Investment Management LLC claims compliance with the Global Investment Performance Standards (GIPS®). Contact Cyndi Collins at (317) 843-3607, Email firstname.lastname@example.org for a full disclosure presentation that complies with the requirements of the Global Investment Performance Standards (GIPS®) adopted by the CFA Institute (formerly known as The Association for Investment Management and Research or AIMR) and for a list and description of all composites maintained by OIM.
The OIM Intermediate Fixed Income Composite was created July 1, 2005. All performance shown prior to the third quarter, 2005 is that of the Intermediate Fixed Income composite that was managed by OIM's Fixed Income portfolio team at its prior firm during the period shown using the same investment strategy that the team currently uses in managing Intermediate fixed income accounts at OIM. The performance shown prior to the third quarter 2005 was calculated on the basis of records obtained from such prior firm, which are deemed reliable by OIM. The information sets forth both the total return of the composite managed at OIM and the composite at the prior firm. Performance is expressed in U.S. dollars. Performance information shown for the composite is presented gross and net of actual investment management fees. Returns have been reduced by transaction costs and include the reinvestment of all income. For performance information prior to the third quarter 2005, the net returns reflect the deduction of actual fees charged at the prior firm. Past performance of the composite managed at the prior firm does not necessarily indicate how the OIM Intermediate Fixed Income Composite will perform in the future. The performance information gives some indication of the risks of an investment in the OIM Intermediate Fixed Income Composite, which are similar to the risks of an investment in the composite managed at the prior firm.. The annual composite dispersion presented is an asset-weighted standard deviation calculated for the accounts in the composite the entire year. Additional information regarding the policies for calculating and reporting returns is available upon request. Please see OIM's Form ADV-Part 2A for a description of advisory fees and other detailed information.
The Intermediate Fixed Income Composite consists of fully discretionary fixed income portfolios investing primarily in investment-grade corporate bonds, mortgage backed and other structured securities, U.S. government securities, taxable municipal bonds. The composite is measured against the Barclays Capital Intermediate Government/Credit Index.
The Barclays Capital U.S. Government/Credit Intermediate Bond Index is a subgroup of the Barclays Government/Credit Bond Index that is based on maturity with at least 10 years. The U.S. Government/Credit Bond Index is the non-securitized component of the U.S. Aggregate Index. Specifically, the Government/Credit Index includes treasuries (i.e., public obligations of the US Treasury that have remaining maturities of more than 1 year), Government-Related issues (i.e. agency, sovereign, supranational, and local authority debt) and Corporates ( publicly issued US corporate and Yankee debentures and secured notes that meet specified maturity, liquidity, and quality requirements). All issues in the Government/Credit Index are rated Baa3/BBB-/BBB- or higher (using the middle rating of Moody's, S&P, and Fitch, respectively) and have at least one year to maturity and have an outstanding par value of at least $250 million. An index is unmanaged and is not available for direct investment.