NVIT DoubleLine Total Return Tactical
Standardized Performance
as of 11/28/2023
Objective And Strategy
ObjectiveSeeks to maximize total return.
Strategy
The Fund employs a flexible investment approach, allocating across different types of fixed-income securities. Consistent with this approach, the Fund may invest in U.S. government securities and foreign government bonds, for example, as well as U.S. and foreign corporate bonds, asset-backed securities and mortgage-backed securities (“MBS”). The Fund also may invest in corporate loans. The Fund may invest in securities issued by foreign issuers, including those that are located in emerging market countries, although, under normal circumstances, the Fund will not invest more than 25% of its net assets, at the time of purchase, in emerging market securities. A typical position in the emerging markets and global developed credit sectors generally will not exceed 3% of a portfolio. The Fund may invest without limit in foreign securities that are denominated in U.S. dollars, although the Fund may invest only up to 15% of its net assets, at the time of purchase, in securities that are denominated in currencies other than the U.S. dollar. The Fund’s subadviser may use forward foreign currency contracts, which are derivatives, to hedge against adverse foreign currency fluctuations.
Principal Risks
* This portfolio is non-diversified, with the potential to invest a greater portion of its assets in a limited number of companies. Consequently, this portfolio may have more risk as changes in the value of a single security may have a more significant effect on the portfolio's net asset value.
* This portfolio invests in securities of foreign issuers which involves risks not typically associated with domestic issuers, including currency fluctuations and the possibility of political and economic instability. Emerging markets involve risks in addition to those generally associated with foreign securities, because political and economic structures in many emerging markets may be undergoing significant evolution and rapid development.
* The value of your investment in a Fund is based on the net asset value ("NAV") of the underlying funds and, in turn, the securities that the underlying funds hold. The Funds are subject to the risk that one or more underlying funds will not perform as expected or will underperform other similar funds or that the combination of underlying funds selected by the Funds' investment will not perform as expected. The Funds will be exposed to all of the risk of an investment in the underlying Funds.
* Credit risk is the risk that the issuer of a security may be unable to make interest payments and/or repay principal when due. A downgrade to an issuer's credit rating or a perceived change in an issuer's financial strength may affect a security's value, and thus, impact the VA Short-Term Fixed Portfolio's performance.
* Bonds guaranteed by a government are subject to inflation risk and price depreciation risk.
* Sovereign debt securities are subject to the risk that a government entity may delay or refuse to pay interest or repay principal on its sovereign debt.
* The risk that high yield securities and unrated securities of similar credit quality (commonly known as "junk bonds") are subject to greater levels of credit and liquidity risks. High yield securities are considered primarily speculative with respect to the issuer's continuing ability to make principal and interest payments.
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Bonds - Intermediate11/03/20170.590.7004/30/2025-