V.I. Global Strategic Income Fund

Overview

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

Inception Date
May 3, 1993
Investment Style
Global Strategic Income
Fund Index
Bloomberg Barclays US Aggregate Bond Index
CUSIP
00900X884
NAV
(as of 07/19/2019)
$4.91
Total Assets
(as of 06/30/2019)
$1.52 BN
Gross Expense Ratio
(as of 06/30/2019)
0.91%
Net Expense Ratio
(as of 06/30/2019)
0.79%
Performance
Average Annual Total Returns
Dividends
Calendar Year Returns
Capital Gains Distributions
as of 06/30/2019
  • B
as of 06/30/2019
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
V.I. Global Strategic Income Fund (NAV)
8.57% 6.97% 4.03% 2.50% 5.70% 5.68%
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
V.I. Global Strategic Income Fund (with sales charge)
8.57% 6.97% 4.03% 2.50% 5.70% 5.68%
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
V.I. Global Strategic Income Fund (NAV)
8.57% 6.97% 4.03% 2.50% 5.70% 5.68%
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
V.I. Global Strategic Income Fund (with sales charge)
8.57% 6.97% 4.03% 2.50% 5.70% 5.68%
Gross Expense Ratio: 0.91% | Net Expense Ratio: 0.79%

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.  The Fund's total returns should not be expected to be the same as the returns of other funds, whether or not both funds have the same portfolio managers and/or similar names.  The Fund's total returns include reinvested distributions but do not include the charges associated with the separate account products that offer this Fund.  Such performance would have been lower if such charges were taken into account.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.


Year V.I. Global Strategic Income Fund
1994 -3.78%
1995 15.33%
1996 12.07%
1997 8.71%
1998 2.90%
1999 2.83%
2000 2.63%
2001 4.85%
2002 7.44%
2003 18.07%
2004 8.67%
2005 2.67%
2006 7.49%
2007 9.69%
2008 -14.21%
2009 18.83%
2010 14.97%
2011 0.85%
2012 13.53%
2013 -0.13%
2014 2.84%
2015 -2.26%
2016 6.53%
2017 6.27%
2018 -4.40%

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.  The Fund's total returns should not be expected to be the same as the returns of other funds, whether or not both funds have the same portfolio managers and/or similar names.  The Fund's total returns include reinvested distributions but do not include the charges associated with the separate account products that offer this Fund.  Such performance would have been lower if such charges were taken into account.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.


Date Dividends
3/8/2010 0.3282
5/5/2010 0.1332
3/7/2011 0.1812
6/20/2012 0.3431
6/19/2013 0.282
6/18/2014 0.2349
6/16/2015 0.3113
6/21/2016 0.252
6/20/2017 0.1173
6/19/2018 0.2481
6/18/2019 0.1872

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.  The Fund's total returns should not be expected to be the same as the returns of other funds, whether or not both funds have the same portfolio managers and/or similar names.  The Fund's total returns include reinvested distributions but do not include the charges associated with the separate account products that offer this Fund.  Such performance would have been lower if such charges were taken into account.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

$ per share as of 07/20/2019

Date 2014 2015 2016 2017 2018
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date
Portfolio

Top Asset Allocations

(100.2% of assets as of 05/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Credit Rating Allocation 5
Currency
Country V.I. Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
United States 55.6% 91.9% -36.3%
Greece 4.0% - -
India 3.5% - -
Indonesia 2.7% 0.0% 2.6%
United Kingdom 2.6% 1.1% 1.5%
South Africa 2.3% 0.0% 2.3%
Argentina 2.0% - -
Spain 1.8% 0.1% 1.7%
Mexico 1.7% 0.5% 1.2%
France 1.5% 0.2% 1.3%
Brazil 1.5% 0.1% 1.4%
China 1.4% 0.2% 1.2%
Egypt 1.3% - -
Canada 1.2% 1.2% 0.1%
Switzerland 1.2% 0.1% 1.1%
Italy 1.1% 0.0% 1.1%
Eurozone 1.1% - -
Netherlands 0.7% 0.4% 0.3%
Supranational (non-iso) 0.6% 1.4% -0.8%
Turkey 0.6% - -
Developed Markets V.I. Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Americas 57.0% 93.1% -36.0%
Europe 8.3% 2.9% 5.4%
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 V.I. Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Asia Pacific 9.5% 0.5% 9.0%
Americas 7.6% 1.0% 6.5%
Europe 5.1% 0.1% 5.0%
Africa 4.6% 0.0% 4.5%
Middle East 0.6% - -
Multi -0.4% - -
Credit Rating Allocation V.I. Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Treasury 8.1% 39.4% -31.3%
Agency 13.7% 28.8% -15.1%
AAA 1.3% 4.6% -3.3%
AA 2.7% 5.3% -2.5%
A 4.4% 12.2% -7.8%
BBB 15.1% 9.5% 5.6%
BB 25.9% - -
B 13.2% - -
CCC 2.3% - -
CC 0.2% - -
D 0.2% - -
Unrated 9.0% 0.3% 8.7%
Other -2.5% - -
Currency V.I. Global Strategic Income Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Brazilian Real 4.4% - -
Chilean Peso 4.2% - -
South African Rand 3.1% - -
Colombian Peso 3.1% - -
Russian Ruble 2.8% - -
Mexican Peso 2.7% - -
Korean Won 2.2% - -
Indonesian Rupiah 2.0% - -
Argentine Peso 1.7% - -
Indian Rupee 1.6% - -
Swedish Krona 1.3% - -
Australian Dollar 1.2% - -
Canadian Dollar 1.0% - -
Egyptian Pound 0.7% - -
Malaysian Ringgit 0.6% - -
Thai Baht 0.4% - -
Analytics
(As of 06/30/2019)

Morningstar 06/30/2019 (based on risk adjusted performance)
  • A
Overall Rating
Number of Funds
31
Category
Multisector Bond
Performance Statistics
3Y
5Y
Alpha
2.23
1.16
Beta
0.42
0.51
Information Ratio
0.42
0.18
R-Squared
12.80
26.85
Sharpe Ratio
0.65
0.42
Standard Deviation
3.97
3.90
Sortino Ratio
1.20
0.71
Tracking Error
4.21
3.86
Yields
Dividend Yield (with sales charge)
0.00%
Dividend Yield (w/o sales charge)
3.89%
Standardized Yield
5.31%
Unsubsidized Yield
5.28%
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
5.70%
-
Yield to Worst
5.34%
-
Average Effective Maturity
5.90 yrs
-
Current Duration
3.29 yrs
-
Average Coupon
4.87%
-
Turnover Ratio
68%
-
Dividends
Est. Frequency
Annual
Last Pay Date
6/18/2019
Per Share ($)
$0.1872
12-Month Distribution ($)
$0.1872
Team
Documents
  1. 1. Fixed income investing entails credit and interest rate risks. Interest rate risk is the risk that rising interest rates or an expectation of rising interest rates in the near future, will cause the values of the Fund's investments to decline. Risks associated with rising interest rates are heightened given that rates in the U.S. are at or near historic lows. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Below-investment-grade (“high yield” or “junk”) bonds are more at risk of default and are subject to liquidity risk. The Fund may invest in senior floating rate loans that may be collateralized or uncollateralized. Senior loans are subject to credit, interest rate, prepayment and liquidity risk. Mortgage-related securities are subject to default risk, prepayment risk, interest rate risk, and credit risk, and may be more volatile and less liquid than other types of securities. Sovereign debt instruments are subject to the risk that a government entity may be unable to pay interest or repay principal on its debt. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. Eurozone investments may be subject to volatility and liquidity issues. Commodity-linked investments are speculative and have substantial risks, including the loss of principal. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments.  Gold ETFs involve additional fees and risks. The Fund may also invest through a wholly-owned Cayman Islands subsidiary, which involves the risk that changes to the laws of the Cayman Islands could negatively affect the Fund. Diversification does not guarantee profit or protect against loss.
  2. 2. The Manager has contractually agreed to waive expenses in an amount equal to the management fee it receives from its Subsidiary for so long as the Fund invests in the Subsidiary. This waiver may not be terminated without the prior approval of the Fund's Board of Trustees.
  3. 3. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. Total annual fund operating expenses after any contractual fee waivers and/or expense reimbursements by the adviser in effect through May 28, 2021. See current prospectus for more information.
  4. 4. Holdings are subject to change, and are dollar weighted based on total new 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 NRSRO’s 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. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 star s, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Invesco Oppenheimer V.I. Global Strategic Income Fund was rated against the following numbers of Multisector Bond funds over the following time periods: the fund was rated 3 stars among 31 funds in the last three years, 3 stars among 28 in the last five years, and 3 stars among 26 in the last ten years. <strong>Past performance does not guarantee future results.</strong>
  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.  The Fund's total returns should not be expected to be the same as the returns of other funds, whether or not both funds have the same portfolio managers and/or similar names.  The Fund's total returns include reinvested distributions but do not include the charges associated with the separate account products that offer this Fund.  Such performance would have been lower if such charges were taken into account.

    As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.
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