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Global Strategic Income Fund/VA

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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
683811806
NAV
  • A
(as of 09/21/2018)
$4.75
Total Assets
(as of 08/31/2018)
$1.55 BN
Gross Expense Ratio
(as of 08/31/2018)
0.85%
Net Expense Ratio
(as of 08/31/2018)
0.79%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 08/31/2018
  • B
as of 06/30/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Strategic Income Fund/VA (NAV)
-2.96% -0.64% 1.95% 2.46% 3.77% 5.63%
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Strategic Income Fund/VA (with sales charge)
-2.96% -0.64% 1.95% 2.46% 3.77% 5.63%
Cumulative
Annualized
ytd as of 2018-08-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Strategic Income Fund/VA (NAV)
-3.17% -2.41% 2.28% 2.50% 3.90% 5.58%
Cumulative
Annualized
ytd as of 2018-08-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Strategic Income Fund/VA (with sales charge)
-3.17% -2.41% 2.28% 2.50% 3.90% 5.58%
Gross Expense Ratio: 0.85% | 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.


Year Global Strategic Income Fund/VA
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%

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.


Date Global Strategic Income Fund/VA BBG Barclays US Aggregate Bond Index (Linked Index) BBG Barclays Agg
8/31/2008 0.00 0.00 0.00
9/30/2008 -5.50 -3.15 -1.34
10/31/2008 -15.37 -9.61 -3.67
11/30/2008 -19.17 -9.98 -0.54
12/31/2008 -14.80 -4.60 3.17
1/31/2009 -15.94 -5.03 2.26
2/28/2009 -19.17 -7.16 1.88
3/31/2009 -17.86 -5.17 3.29
4/30/2009 -14.80 -1.76 3.79
5/31/2009 -10.98 2.11 4.54
6/30/2009 -9.65 3.51 5.14
7/31/2009 -5.83 6.95 6.83
8/31/2009 -4.11 8.85 7.94
9/30/2009 -0.67 12.29 9.07
10/31/2009 0.29 13.13 9.61
11/30/2009 1.43 15.70 11.03
12/31/2009 1.24 13.53 9.29
1/31/2010 2.20 14.38 10.96
2/28/2010 2.96 14.68 11.38
3/31/2010 5.11 14.72 11.24
4/30/2010 7.35 15.50 12.40
5/31/2010 4.71 13.72 13.34
6/30/2010 6.59 15.41 15.12
7/31/2010 10.34 19.13 16.35
8/31/2010 11.80 20.50 17.85
9/30/2010 15.14 23.17 17.97
10/31/2010 17.43 25.18 18.39
11/30/2010 14.51 21.36 17.71
12/31/2010 16.39 23.19 16.44
1/31/2011 17.23 24.07 16.58
2/28/2011 18.69 24.97 16.87
3/31/2011 19.35 25.39 16.93
4/30/2011 23.06 28.38 18.42
5/31/2011 22.84 28.71 19.96
6/30/2011 21.97 28.56 19.61
7/31/2011 23.06 31.02 21.51
8/31/2011 19.79 31.17 23.29
9/30/2011 15.21 28.66 24.18
10/31/2011 18.26 31.33 24.32
11/30/2011 16.30 29.42 24.21
12/31/2011 17.39 31.35 25.57
1/31/2012 21.32 33.80 26.68
2/29/2012 23.50 34.17 26.65
3/31/2012 23.28 33.41 25.95
4/30/2012 24.37 35.12 27.35
5/31/2012 22.19 34.20 28.50
6/30/2012 24.58 35.15 28.55
7/31/2012 27.16 36.97 30.33
8/31/2012 28.34 38.12 30.41
9/30/2012 29.98 39.77 30.59
10/31/2012 30.92 39.64 30.85
11/30/2012 31.86 39.84 31.05
12/31/2012 33.27 39.73 30.87
1/31/2013 34.21 39.18 29.95
2/28/2013 34.68 38.56 30.60
3/31/2013 35.15 38.78 30.71
4/30/2013 37.50 40.64 32.03
5/31/2013 34.68 37.30 29.67
6/30/2013 30.13 35.42 27.67
7/31/2013 31.37 37.38 27.84
8/31/2013 29.64 36.73 27.19
9/30/2013 31.37 38.88 28.39
10/31/2013 33.10 40.94 29.43
11/30/2013 32.36 40.18 28.95
12/31/2013 33.10 39.68 28.22
1/31/2014 33.10 41.38 30.11
2/28/2014 35.08 43.57 30.80
3/31/2014 35.58 43.62 30.58
4/30/2014 36.32 45.03 31.68
5/31/2014 38.05 46.00 33.18
6/30/2014 38.95 47.06 33.25
7/31/2014 38.43 45.66 32.92
8/31/2014 39.72 46.94 34.39
9/30/2014 37.65 43.11 33.47
10/31/2014 38.43 43.54 34.78
11/30/2014 38.43 42.82 35.74
12/31/2014 36.88 41.58 35.87
1/31/2015 38.43 41.78 38.72
2/28/2015 39.98 41.92 37.41
3/31/2015 39.72 40.79 38.05
4/30/2015 40.49 42.27 37.56
5/31/2015 40.75 40.40 37.22
6/30/2015 38.71 39.39 35.73
7/31/2015 39.26 39.55 36.67
8/31/2015 37.07 39.09 36.48
9/30/2015 35.15 38.81 37.40
10/31/2015 36.79 39.93 37.42
11/30/2015 35.42 37.24 37.06
12/31/2015 33.78 36.68 36.62
1/31/2016 32.96 37.05 38.50
2/29/2016 32.96 39.70 39.48
3/31/2016 35.97 44.26 40.76
4/30/2016 38.16 47.18 41.30
5/31/2016 38.16 46.27 41.33
6/30/2016 39.63 50.32 43.87
7/31/2016 41.65 52.02 44.78
8/31/2016 42.80 52.42 44.62
9/30/2016 43.38 53.39 44.53
10/31/2016 43.09 50.44 43.43
11/30/2016 40.78 45.88 40.03
12/31/2016 42.51 46.35 40.23
1/31/2017 43.95 46.63 40.51
2/28/2017 45.40 47.62 41.45
3/31/2017 45.40 47.54 41.38
4/30/2017 46.84 48.68 42.47
5/31/2017 47.99 49.82 43.56
6/30/2017 47.91 49.67 43.42
7/31/2017 49.39 50.32 44.04
8/31/2017 50.27 51.67 45.33
9/30/2017 49.98 50.94 44.64
10/31/2017 50.27 51.03 44.72
11/30/2017 50.27 50.84 44.54
12/31/2017 51.45 51.53 45.20
1/31/2018 52.04 49.78 43.53
2/28/2018 50.57 48.36 42.17
3/31/2018 50.57 49.32 43.08
4/30/2018 49.68 48.21 42.01
5/31/2018 47.91 49.26 43.03
6/30/2018 46.97 49.08 42.85
7/31/2018 49.14 49.12 42.89
8/31/2018 46.66 50.07 43.80
Date Dividends
3/9/2009 0.0244
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

There is no guarantee of the payment of any dividend or other distributions at any level.

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.

$ per share as of 09/24/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Asset Allocations

(100.1% of assets as of 08/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Credit Rating Allocation 6
Currency 7
Country Global Strategic Income Fund/VA Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
United States 59.7% 91.4% -31.7%
India 3.2% - -
South Africa 2.5% - -
Indonesia 2.1% 0.0% 2.1%
United Kingdom 2.1% 1.1% 1.0%
Brazil 2.0% 0.1% 1.9%
Greece 1.7% - -
Argentina 1.6% - -
Canada 1.5% 1.2% 0.3%
France 1.3% 0.2% 1.2%
Spain 1.2% 0.1% 1.1%
Eurozone 1.1% - -
Bermuda 1.1% 0.0% 1.1%
Egypt 0.9% - -
Luxembourg 0.8% 0.0% 0.8%
Mexico 0.7% 0.6% 0.1%
Kazakhstan 0.7% - -
Dominican Republic 0.7% - -
Peru 0.7% 0.1% 0.7%
Ukraine 0.6% - -
Developed Markets Global Strategic Income Fund/VA Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Americas 62.6% 92.6% -30.0%
Europe 8.7% 3.2% 5.5%
Asia Pacific 0.8% 0.9% -0.1%
Middle East 0.2% 0.0% 0.1%
Supranational 0.2% 1.6% -1.3%
Emerging Markets Global Strategic Income Fund/VA Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Americas 7.6% 1.1% 6.5%
Asia Pacific 7.0% 0.5% 6.5%
Africa 4.8% - -
Europe 3.7% 0.1% 3.6%
Middle East 0.4% 0.0% 0.4%
Credit Rating Allocation Global Strategic Income Fund/VA Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Agency 11.8% 29.6% -17.8%
AAA 2.2% 4.9% -2.8%
AA 0.5% 5.4% -4.9%
A 4.3% 12.3% -8.0%
BBB 14.3% 9.5% 4.8%
BB 28.6% - -
B 23.5% - -
CCC 3.7% - -
CC 0.1% - -
D 0.2% - -
Unrated 7.0% 0.3% 6.7%
Other -0.2% - -
Currency Global Strategic Income Fund/VA Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Swedish Krona 3.0% - -
Norwegian Krone 2.6% - -
Indian Rupee 2.2% - -
Brazilian Real 1.9% - -
Indonesian Rupiah 1.9% - -
Australian Dollar 1.8% - -
Colombian Peso 1.7% - -
South African Rand 1.6% - -
Chilean Peso 1.2% - -
Russian Ruble 1.2% - -
Polish Zloty 0.9% - -
Argentine Peso 0.8% - -
Canadian Dollar 0.7% 0.0% 0.7%
Egyptian Pound 0.6% - -
Korean Won 0.6% - -
Mexican Peso 0.5% - -
Ukrainian Hryvnia 0.3% - -
Swiss Franc 0.1% - -
Analytics
(As of 08/31/2018)

Morningstar 08/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
28
Category
Multisector Bond
Performance Statistics
3Y
5Y
Alpha
0.56
1.21
Beta
0.52
0.56
Information Ratio
-0.08
0.20
R-Squared
39.00
43.74
Sharpe Ratio
0.42
0.60
Standard Deviation
3.45
3.34
Sortino Ratio
0.65
0.92
Tracking Error
3.41
3.06
Yields
Dividend Yield (with sales charge)
0.00%
Dividend Yield (w/o sales charge)
5.25%
Standardized Yield
4.95%
Unsubsidized Yield
4.88%
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
7.27%
-
Yield to Worst
6.53%
-
Average Effective Maturity
6.06 yrs
-
Current Duration
3.10 yrs
-
Average Coupon
4.82%
-
Turnover Ratio
74%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/19/2018
Per Share ($)
$0.2481
12-Month Distribution ($)
$0.2481
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
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. The net expense ratio (where applicable) also takes into account contractual fee waivers and/or expense reimbursements without which performance would have been less.  These undertakings may not be amended or withdrawn for one year from the date of the current prospectus, unless approved by the Board.
  4. 4. The index returns are linked and made up of the returns of (i) the custom weighted index comprised of: 40% FTSE Non-U.S. World Government Bond Index, 30% J.P. Morgan Domestic High Yield Index, and 30% Bloomberg Barclays U.S. Aggregate Bond Index from November 7, 2008 through December 31, 2016, and (ii) the Bloomberg Barclays U.S. Aggregate Bond Index from January 1, 2017 to present.  The FTSE Non-U.S. World Government Bond Index is an index of fixed rate government bonds with a maturity of one year or longer and amounts outstanding of at least U.S. $25 million. The JPMorgan Domestic High Yield Index is an unmanaged index of high yield fixed income securities issued by U.S. companies.   The Bloomberg Barclays U.S. Aggregate Bond Index is an index of U.S dollar-denominated, investment-grade U.S. corporate government and mortgage-backed securities. The indices are unmanaged and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  5. 5. 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.
  6. 6. 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.
  7. 7. The table for the top currency positioning is based on the net foreign exchange exposure of each currency after converting all currencies to a common currency, in this case the U.S. dollar.
  8. 8. The dividend (or distribution) yield is based on the pay date immediately preceding the nearest month-end or quarter-end.  The dividend yield for each share class is calculated by annualizing the dividend distributed by the class on that date and dividing that figure by the class's net asset value on that date.  For the Non-Service share class dividend yield with sales charge, the annualized Non-Service share class dividend distribution is divided by the Non-Service share class maximum offering price on that date.  Each result is compounded semiannually and annualized.  Falling share prices artificially increase yields.
  9. 9. Standardized yield for each share class is based on the Fund's net investment income for the 30-day period ending and including the most recent month-end or quarter-end and either that date's maximum offering price (Non-Service class shares) or net asset value (for other share classes).  The month-end figure is typically calculated on the fifth business day of the next month. The result is compounded semiannually and annualized.  Falling share prices artificially increase yields.
  10. A. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.
  11. 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.
  12. C. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund).  These returns would be lower if sales charges were taken into consideration.  Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions.
  13. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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