V.I. Total Return Bond Fund

Overview

The Strategy typically invests in U.S. investment-grade fixed income instruments.

Inception Date
April 3, 1985
Investment Style
Intermediate Investment Grade Bond
Fund Index
Bloomberg Barclays US Aggregate Bond Index
CUSIP
00900X777
NAV
(as of 07/17/2019)
$7.74
Total Assets
(as of 06/30/2019)
$128.30 MM
Gross Expense Ratio
(as of 06/30/2019)
0.86%
Net Expense Ratio
(as of 06/30/2019)
0.75%
Performance
Average Annual Total Returns
Dividends
Calendar Year Returns
Capital Gains Distributions
as of 06/30/2019
  • B
as of 06/30/2019
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
V.I. Total Return Bond Fund (NAV)
6.90% 8.20% 2.86% 3.24% 6.25% 5.42%
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
V.I. Total Return Bond Fund (with sales charge)
6.90% 8.20% 2.86% 3.24% 6.25% 5.42%
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
V.I. Total Return Bond Fund (NAV)
6.90% 8.20% 2.86% 3.24% 6.25% 5.42%
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
V.I. Total Return Bond Fund (with sales charge)
6.90% 8.20% 2.86% 3.24% 6.25% 5.42%
Gross Expense Ratio: 0.86% | Net Expense Ratio: 0.75%

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.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.


Year V.I. Total Return Bond Fund
1986 10.12%
1987 2.53%
1988 8.97%
1989 13.32%
1990 7.92%
1991 17.63%
1992 6.50%
1993 13.04%
1994 -1.94%
1995 17.00%
1996 4.80%
1997 9.25%
1998 6.80%
1999 -1.52%
2000 6.10%
2001 7.79%
2002 9.08%
2003 6.78%
2004 5.49%
2005 2.59%
2006 5.28%
2007 4.39%
2008 -39.05%
2009 9.61%
2010 11.42%
2011 8.27%
2012 10.29%
2013 -0.10%
2014 7.27%
2015 0.96%
2016 3.27%
2017 4.59%
2018 -1.02%

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.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.


Date Dividends
3/8/2010 0.1352
3/7/2011 0.4605
6/20/2012 0.4085
6/19/2013 0.4207
6/18/2014 0.4284
6/16/2015 0.3257
6/21/2016 0.2944
6/20/2017 0.1895
6/19/2018 0.2568
6/18/2019 0.2652

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.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

$ per share as of 07/17/2019

Date 2014 2015 2016 2017 2018
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date
Portfolio

Top Fixed Income Sectors

(100.2% of assets as of 05/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Credit Rating Allocation 6
Country V.I. Total Return Bond Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
United States 96.1% 92.0% 4.1%
United Kingdom 2.9% 1.2% 1.8%
Canada 1.5% 1.1% 0.4%
Germany 1.1% 0.6% 0.5%
France 1.0% 0.2% 0.8%
Switzerland 0.7% 0.1% 0.6%
Netherlands 0.5% 0.4% 0.1%
Ireland 0.4% 0.0% 0.3%
Japan 0.4% 0.7% -0.2%
Luxembourg 0.3% 0.0% 0.2%
Portugal 0.2% - -
Belgium 0.2% 0.0% 0.2%
Italy 0.2% 0.0% 0.2%
Hong Kong 0.2% - -
Sweden 0.1% 0.1% 0.0%
Guernsey 0.1% 0.0% 0.1%
Bermuda 0.1% 0.0% 0.1%
Spain 0.1% 0.1% 0.0%
Norway 0.1% 0.1% 0.1%
Developed Markets V.I. Total Return Bond Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Americas 97.7% 93.1% 4.6%
Europe 8.0% 2.9% 5.1%
Asia Pacific 0.7% 0.9% -0.2%
Credit Rating Allocation V.I. Total Return Bond Fund Bloomberg Barclays US Aggregate Bond Index Overweight / Underweight
Agency 38.2% 28.7% 9.5%
AAA 8.2% 4.6% 3.6%
AA 6.4% 5.2% 1.2%
A 18.7% 12.3% 6.4%
BBB 32.6% 9.5% 23.1%
BB 4.6% - -
B 0.3% - -
CCC 0.3% - -
D 0.4% - -
Unrated 0.9% 0.3% 0.6%
Other -4.3% - -
Analytics
(As of 06/30/2019)

Morningstar 06/30/2019 (based on risk adjusted performance)
  • A
Overall Rating
Number of Funds
65
Category
Intermediate Core-Plus Bond
Performance Statistics
3Y
5Y
Alpha
0.58
0.45
Beta
0.94
0.92
Information Ratio
0.60
0.30
R-Squared
90.67
88.98
Sharpe Ratio
0.49
0.83
Standard Deviation
2.97
2.85
Sortino Ratio
0.72
1.35
Tracking Error
0.91
0.97
Yields
Dividend Yield (with sales charge)
0.00%
Dividend Yield (w/o sales charge)
3.45%
Standardized Yield
3.00%
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
3.27%
-
Yield to Worst
2.82%
2.50%
Average Effective Maturity
5.50 yrs
7.81 yrs
Current Duration
5.67 yrs
5.71 yrs
Average Coupon
4.28%
-
Convexity
-0.6
0.1
Option Adjusted Spread
102 bps
45 bps
Turnover Ratio
64%
-
Dividends
Est. Frequency
Annual
Last Pay Date
6/18/2019
Per Share ($)
$0.2652
12-Month Distribution ($)
$0.2652
Team
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. Effective 4/30/13, the Fund's investment objective changed from "seeks high level of current income" to "seeks total return".
  2. 2. Prior to 4/28/17, the Fund's name was Oppenheimer Core Bond Fund/VA.
  3. 3. 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. Mortgage-backed securities are subject to prepayment risk. Asset-backed securities are subject to prepayment risk. 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. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. 
  4. 4. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. Total annual fund operating expenses after any contractual fee waivers and/or expense reimbursements by the adviser in effect through May 28, 2021. See current prospectus for more information.
  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. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 star s, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Invesco Oppenheimer V.I. Total Return Bond Fund was rated against the following numbers of Intermediate Core-Plus Bond funds over the following time periods: the fund was rated 3 stars among 65 funds in the last three years, 4 stars among 59 in the last five years, and 5 stars among 47 in the last ten years. <strong>Past performance does not guarantee future results.</strong>
  8. 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.

    As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.
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