VIT Global Bond Portfolio (Unhedged)(Advisor Class)
Portfolio Objective
The Portfolio seeks maximum total return, consistent with preservation of capital and prudent investment management.
Portfolio Structure
- The Portfolio focuses on U.S. and non-U.S. intermediate maturity, fixed income securities.
- The Portfolio maintains an average duration (sensitivity to interest rates) ranging between three and seven years based on PIMCO's forecast for interest rates.
- Investments are made in fixed income securities of issuers of at least three countries (one of which may be the U.S.) and can includ government and corporate bond securities, mortgage and other asset-backed securities, U.S. dollar and non-U.S. dollar denominate securities of non-U.S. issuers, and money market instruments.
The Portfolio may invest in high-yield, lower-rated securities, which generally involve greater risk to principal than investments in higherrated securities. This Portfolio is non-diversified, which means that it may concentrate its assets in a smaller number of issuers than a diversified portfolio. This Portfolio may use derivative instruments for hedging purposes or as part of its investment strategy. Use of these instruments may involve certain costs and risks such as liquidity risk, interest rate risk, market risk, credit risk, management risk and the risk
that a portfolio could not close out a position when it would be most advantageous to do so. Portfolios investing in derivatives could lose more than the principal amount invested. The Portfolio can invest a portion of its assets in non-U.S. securities, which can entail greater risks
due to non-U.S. economic and political developments. This risk may be enhanced when investing in Emerging Markets. JPMorgan GBI Global FX NY Index Unhedged in USD, an unmanaged market index comprised of hedged world government bond markets, which meet prescribed market capitalizations and investment criteria.
This information has been provided as a courtesy to you at your request and does not replace or supersede your customer account statement. In the case of any conflict, the information on your customer account statement shall control; we do not guarantee the accuracy of this information.
Reported policy information only reflects information that we have received in good order and have processed pursuant to our rules and deadlines. Reported transfers and values may only be current as of the last previous business day the New York Stock Exchange was open. Pending changes and transactions may not be reflected in our reported information. Variable annuities are issued by OM Financial Life Insurance Company, Baltimore, MD, and are offered through Old Mutual Financial Network Securities, Inc., members FINRA.
Investment options are available as subaccounts of the separate account of OM Financial Life Insurance Company. The underlying portfolios of the subaccounts are NOT publicly traded mutual funds, and are NOT the same as publicly traded mutual funds with very similar names.
Even if the investment objectives and policies of some underlying portfolios available through the contract's subaccounts may be very similar to the investment objectives and policies of publicly traded mutual funds that may be managed by the same investment adviser, the investment performance and results of the portfolios available under the Contract may vary significantly from the investment results of such other publicly traded mutual funds. The portfolios are designed primarily as investments for variable annuity and variable life insurance policies issued by insurance companies.
Beacon Navigator flexible premium variable annuity contract is offered on a group or individual basis as determined by state availability. Group Certificate FGL FPDVA-C 2006 and Individual Form FGL FPDVA 2006, et al. Optional provisions and riders have limitations, restrictions and additional charges except where noted, and are subject to state availability.For the exact terms and conditions, refer to the contract.
Asset allocation portfolios and models provide allocations determined to be consistent with an investment risk profile. The investor chooses whether or not to select an asset allocation portfolio or model and the subsequent recommended allocation changes. Implementation does not guarantee a profit or protect against a loss.
An investment in money market investment options is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other
government agency. Money market investments seek to preserve the value of your investment at $1.00 per share, but include risk of loss, including
principal.
Beacon Navigator is offered by prospectus only. Before investing, carefully consider the investment objectives, risks, fees, and other important information about the contract issuer and underlying portfolios. This information can be found in the contract and portfolio prospectuses. You can obtain copies from us. Read the prospectuses carefully and consider these factors before investing.
