GLSSX: Invesco Oppenheimer Global Strategic Income Fund

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GLSSX Invesco Oppenheimer Global Strategic Income Fund


Profile

GLSSX - Profile

Vitals

  • YTD Return -4.0%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $2.88 B
  • Holdings in Top 10 70.9%

52 WEEK LOW AND HIGH

$3.64
$2.86
$3.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.72%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 25.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return -4.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Oppenheimer Global Strategic Income Fund
  • Fund Family Name
    Invesco
  • Inception Date
    May 24, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Christopher (Chris) Kelly

Fund Description

The fund invests mainly in debt securities in three market sectors: Foreign governments and issuers, U.S. government securities, and lower-grade, high-yield securities of U.S. and foreign issuers (commonly referred to as "junk bonds"). It can invest up to 100% of its assets in any one sector at any time. Under normal market conditions, the fund will invest a substantial portion of its assets in a number of different countries, including the U.S. It has no limitations regarding the range of maturities of the debt securities it can buy or the market capitalization of the issuers of those securities.


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Categories

Performance

GLSSX - Performance

Return Ranking - Trailing

Period GLSSX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.0% -55.0% 9.4% 75.20%
1 Yr -2.4% -55.3% 10.9% 67.97%
3 Yr N/A* -40.3% 4.9% 14.43%
5 Yr N/A* -35.0% 20.2% 14.40%
10 Yr N/A* -6.1% 1.3% 15.08%

* Annualized

Return Ranking - Calendar

Period GLSSX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -35.1% 15.3% N/A
2018 N/A -48.0% 0.8% N/A
2017 N/A -14.8% 11.2% N/A
2016 N/A -11.2% 19.1% N/A
2015 N/A -51.1% 4.0% N/A

Total Return Ranking - Trailing

Period GLSSX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.0% -55.0% 9.4% 75.20%
1 Yr -2.4% -55.3% 7.6% 67.97%
3 Yr N/A* -40.3% 3.8% 24.40%
5 Yr N/A* -35.0% 20.2% 27.57%
10 Yr N/A* -6.1% 5.1% 23.81%

* Annualized

Total Return Ranking - Calendar

Period GLSSX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -35.1% 15.3% N/A
2018 N/A -48.0% 4.5% N/A
2017 N/A -14.8% 14.0% N/A
2016 N/A -11.2% 22.5% N/A
2015 N/A -51.1% 4.0% N/A

NAV & Total Return History


Holdings

GLSSX - Holdings

Concentration Analysis

GLSSX Category Low Category High GLSSX % Rank
Net Assets 2.88 B 5 M 126 B 19.62%
Number of Holdings 1402 5 7722 11.05%
Net Assets in Top 10 402 M -418 M 29.7 B 25.61%
Weighting of Top 10 70.94% 4.8% 214.0% 8.79%

Top 10 Holdings

  1. 10 Year Treasury Note Future Sept 20 29.06%
  2. Ultra US Treasury Bond Future Sept 20 15.36%
  3. Ultra 10 Year US Treasury Note Future Sept 20 4.46%
  4. Oppenheimer Global Strategic Income 4.18%
  5. 2 Year Treasury Note Future Sept 20 3.26%
  6. Federal National Mortgage Association 3% 3.13%
  7. 10 Year Government of Canada Bond Future Sept 20 3.13%
  8. Federal National Mortgage Association 2.5% 3.09%
  9. Greece (Republic Of) 1.5% 3.02%
  10. Long-Term Euro BTP Future Sept 20 2.26%

Asset Allocation

Weighting Return Low Return High GLSSX % Rank
Bonds
92.93% 14.17% 236.60% 41.18%
Other
4.47% -8.59% 28.22% 6.20%
Convertible Bonds
1.65% 0.00% 25.59% 54.45%
Cash
0.93% -142.79% 75.97% 71.43%
Stocks
0.02% -0.27% 13.09% 54.01%
Preferred Stocks
0.00% 0.00% 39.23% 71.97%

Stock Sector Breakdown

Weighting Return Low Return High GLSSX % Rank
Communication Services
38.72% 0.00% 100.00% 7.51%
Energy
13.10% 0.00% 100.00% 16.60%
Technology
12.21% 0.00% 29.78% 18.18%
Financial Services
8.72% 0.00% 100.00% 32.41%
Healthcare
7.86% 0.00% 100.00% 30.83%
Consumer Cyclical
5.23% 0.00% 100.00% 37.94%
Industrials
5.21% 0.00% 100.00% 21.74%
Consumer Defense
4.25% 0.00% 23.37% 12.25%
Utilities
1.81% 0.00% 100.00% 32.41%
Real Estate
1.60% 0.00% 100.00% 30.43%
Basic Materials
1.30% 0.00% 29.46% 24.90%

Stock Geographic Breakdown

Weighting Return Low Return High GLSSX % Rank
US
0.02% -0.33% 12.79% 53.37%
Non US
0.00% 0.00% 2.14% 45.28%

Bond Sector Breakdown

Weighting Return Low Return High GLSSX % Rank
Derivative
37.15% -0.44% 47.67% 3.50%
Government
30.31% 0.00% 99.16% 18.87%
Corporate
17.36% 0.00% 95.13% 84.64%
Securitized
10.23% 0.00% 99.22% 63.34%
Cash & Equivalents
4.95% 0.02% 84.27% 59.57%
Municipal
0.00% 0.00% 36.37% 56.87%

Bond Geographic Breakdown

Weighting Return Low Return High GLSSX % Rank
US
78.56% 10.76% 236.16% 28.30%
Non US
14.37% -16.32% 72.48% 67.39%

Expenses

GLSSX - Expenses

Operational Fees

GLSSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.06% 24.26% 81.64%
Management Fee 0.54% 0.00% 2.25% 31.35%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

GLSSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

GLSSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GLSSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.00% 421.00% 13.20%

Distributions

GLSSX - Distributions

Dividend Yield Analysis

GLSSX Category Low Category High GLSSX % Rank
Dividend Yield 0.00% 0.00% 5.77% 28.17%

Dividend Distribution Analysis

GLSSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

GLSSX Category Low Category High GLSSX % Rank
Net Income Ratio 4.05% 0.96% 18.14% 36.07%

Capital Gain Distribution Analysis

GLSSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

GLSSX - Fund Manager Analysis

Managers

Christopher (Chris) Kelly


Start Date

Tenure

Tenure Rank

Jan 26, 2017

3.6

3.6%

Mr. Kelly has been a Senior Vice President of OppenheimerFunds, Inc. since January 2016 and a Portfolio Manager of the firm and Co-Head of the Global Debt Team since March 2015. He was a Vice President of the firm from March 2015 through January 2016. Prior to joining OppenheimerFunds, Mr. Kelly was at BlackRock Inc., where he was Deputy Head of Emerging Markets Fixed Income from June 2012 to January 2015. Mr. Kelly was also a portfolio manager and Deputy Chief Investment Officer of Emerging Markets at Fisher Francis Trees and Watts, a BNP Paribas Investment Partner, from February 2008 to April 2012. Chris holds a B.A. from Macalester College and a Masters in international affairs from Columbia University. He is also a CFA charterholder.

Hemant Baijal


Start Date

Tenure

Tenure Rank

Jan 24, 2018

2.6

2.6%

Hemant Baijal leads the Global Fixed Income team. He is the lead portfolio manager at Oppenheimer. Prior to joining the firm, Hemant co-founded Six Seasons Global Asset Management, where he served as partner and portfolio manager with a focus on fixed income macro strategies. Before his role at Six Seasons, he was a partner and portfolio manager at Aravali Partners, LLC., where he focused on absolute return and interest rate hedging strategies. Previously, Hemant was a partner and portfolio manager at Havell Capital Management, LLC., where he focused on fixed income macro and relative value strategies. Earlier in his career, Hemant was a senior portfolio manager for international, global and multi-sector fixed income portfolios at Neuberger Berman. He has also held positions at Banca Di Roma, The First Boston Corporation and Merrill Lynch and Co. Hemant holds a B.A. from the University of Delhi and his M.B.A. from Columbia University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 29.32 5.81 5.67