Fund Evaluator:
Invesco Global Strategic Income Y (OSIYX)
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Best Performing in Global Bond Over the Last Year
| 6.3% | Destinations Global Fixed Income Opps Z (DGFZX) |
| 4.5% | Invesco International Bond Y (OIBYX) |
| 3.6% | Amana Participation Investor (AMAPX) |
| 3.0% | Nomura Global Bond Fund Class Y (IVSYX) |
| 2.7% | Invesco Global Strategic Income Y (OSIYX) |
Fund Details
Invesco Global Strategic Income Y Overview
Invesco Global Strategic Income Y (OSIYX) is an actively managed Taxable Bond Global Bond fund. Invesco launched the fund in 1998.
The investment seeks total return. The fund invests mainly in debt securities, including foreign and U.S. government bonds and notes, mortgage-related securities, corporate debt obligations, including lower-grade, high-yield domestic and foreign corporate debt obligations, “structured” notes, participation interests in loans, investments in pooled investment entities, asset-backed securities and “zero coupon” and “stripped” securities. It invests a substantial portion of its assets in a number of different countries, including the U.S.
About Invesco Global Strategic Income Y (OSIYX)
There are 4 members of the management team with an average tenure of 4.10 years: Arin. Kornchankul (2025), Michael Block (2023), Kristina Campmany (2023), Hemant Baijal (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg Global Aggregate TR USD index with a weighting of 100%. Invesco Global Strategic Income Y has 999 securities in its portfolio. The top 10 holdings constitute 40.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Invesco Global Strategic Income Y is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Invesco Global Strategic Income Y has 11.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.5%. There is 1.7% allocated to foreign stock, and 0.9% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 91.8% (82.0% domestic bond, 9.8% foreign bond and 2.0% convertible bond). Invesco Global Strategic Income Y has 2.2% of the portfolio in cash.
Assets Under Management
The fund has $281 million in total assets, which is below the $419 million average for the Global Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
OSIYX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco Global Strategic Income Y expense ratio is high compared to funds in the Global Bond category. Invesco Global Strategic Income Y has an expense ratio of 0.81%, which is 16% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco Global Strategic Income Y has a portfolio turnover rate of 385%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 158% for the Global Bond category.
Recently, in the month of June 2026, Invesco Global Strategic Income Y returned -0.8%, which earned it a grade of D, as the Global Bond category had an average return of -0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Invesco Global Strategic Income Y has a trailing yield of 6.00%, which is above the 4.15% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco Global Strategic Income Y Grades
Year to date, the fund has returned -2.0%, 2.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 2.7% over the past year (grade of B), 6.5% over the past three years (grade of A) and 2.0% per year over the past five years (grade of A) and 2.5% per year over the past 10 years (grade of A).
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OSIYX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| OSIYX Return (NAV) | -0.8% | 2.8% | 2.7% | 6.5% | 2.0% | 2.5% |
| OSIYX Grade | D | A | B | A | A | A |
| +/- Category | -0.4% | 1.1% | 1.0% | 2.2% | 2.5% | 1.4% |
| Global Bond Avg | -0.4% | 1.7% | 1.7% | 4.3% | -0.6% | 1.1% |
| OSIYX Tax Cost Ratio | na | na | 2.3% | 2.3% | 2.0% | 1.8% |
OSIYX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OSIYX Return (NAV) | -2.0% | 13.1% | 3.9% | 8.9% | -11.6% | -3.3% | 3.8% | 10.8% | -4.5% | 6.5% | 6.6% |
| OSIYX Grade | F | A | A | A | B | B | F | A | F | D | A |
| +/- Category | -2.1% | 3.6% | 4.9% | 2.4% | 2.3% | 1.2% | -4.1% | 3.6% | -2.3% | -1.4% | 3.0% |
| Global Bond Avg | 0.1% | 9.5% | -1.0% | 6.5% | -13.9% | -4.5% | 7.8% | 7.2% | -2.1% | 7.9% | 3.6% |
| Risk Measures | |
| Standard Deviation: | 7.2% |
| Total Risk Index: | 0.59 - Below Average |
| Category Risk Index: | 1.04 - Average |
| Category Risk Grade: | C (47% Rank) |
| Beta: | 1.03 |
| R-Squared: | 64% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Growth |
| Bond Investment Style: | Medium Quality Moderate Sensitivity |
| Yield: | 6.0% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1644 Mil |
| Fund Total Assets: | $ 281 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 385% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 8.4 years | |||
| Average Tenure: 4.1 years | |||
| Managers (Year): Baijal Hemant (2018), Block Michael (2023), Campmany Kristina (2023), Kornchankul Arin. (2025) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 999 |
| % in Top 10 Holdings: | 40.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 11.5% |
Portfolio Allocation |
|
| Domestic Stock: | 0.5% |
| Foreign Stock: | 1.7% |
| Preferred Stock: | 0.9% |
| Domestic Bond: | 82.0% |
| Foreign Bond: | 9.8% |
| Convertible Bond: | 2.0% |
| Other: | 0.9% |
| Cash: | 2.2% |
Purchase Information
| Fund Family: | Invesco |
| Phone Number: | 800-959-4246 |
| Website: | www.invesco.com |
| Status: | Open |
| Inception Date: | January 26, 1998 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.81% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | Invesco Global Strategic Income A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 25 |
