V.I. Capital Appreciation Fund

Overview

The Strategy typically invests in large-cap U.S. growth stocks.

Inception Date
April 3, 1985
Investment Style
Large Cap Growth
Fund Index
Russell 1000® Growth Index
CUSIP
00900X108
NAV
  • B
(as of 06/17/2019)
$58.02
Total Assets
(as of 05/31/2019)
$683.10 MM
Gross Expense Ratio
(as of 05/25/2019)
0.87%
Net Expense Ratio
(as of 05/25/2019)
0.80%
Performance
Average Annual Total Returns
Calendar Year Returns
Capital Gains Distributions
as of 05/31/2019
  • C
as of 03/31/2019
  • C

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • C
Cumulative
Annualized
ytd as of 2019-03-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
V.I. Capital Appreciation Fund (NAV)
15.67% 9.77% 13.31% 10.09% 14.22% 10.03%
Cumulative
Annualized
ytd as of 2019-03-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
V.I. Capital Appreciation Fund (with sales charge)
15.67% 9.77% 13.31% 10.09% 14.22% 10.03%
Cumulative
Annualized
ytd as of 2019-05-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
V.I. Capital Appreciation Fund (NAV)
14.35% 3.31% 12.06% 9.13% 12.20% 9.94%
Cumulative
Annualized
ytd as of 2019-05-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
V.I. Capital Appreciation Fund (with sales charge)
14.35% 3.31% 12.06% 9.13% 12.20% 9.94%
Gross Expense Ratio: 0.87% | Net Expense Ratio: 0.80%

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. Capital Appreciation Fund
1986 17.76%
1987 3.31%
1988 22.09%
1989 23.59%
1990 -8.21%
1991 25.54%
1992 14.53%
1993 7.25%
1994 0.97%
1995 36.66%
1996 25.20%
1997 26.68%
1998 24.00%
1999 41.66%
2000 -0.23%
2001 -12.58%
2002 -26.86%
2003 30.94%
2004 6.93%
2005 5.10%
2006 7.95%
2007 14.15%
2008 -45.52%
2009 44.52%
2010 9.42%
2011 -1.15%
2012 14.12%
2013 29.74%
2014 15.41%
2015 3.54%
2016 -2.20%
2017 26.83%
2018 -5.73%

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 06/17/2019

Date 2014 2015 2016 2017 2018
Short Term 1.7122 1.8454
Long Term 1.4691 10.0774 5.4637 5.0057 2.5434
Total Amount of Distribution 1.4691 11.7896 5.4637 5.0057 4.3888
Record Date 6/16/14 6/15/15 6/20/16 6/19/17 6/18/18
Ex Div Date 6/17/14 6/16/15 6/21/16 6/20/17 6/19/18
Pay Date 6/18/14 6/16/15 6/21/16 6/20/17 6/19/18

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Issuers

(62.4% of assets as of 05/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country V.I. Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
United States 91.7% 100.0% -8.3%
China 1.9% 0.0% 1.9%
Canada 1.5% - -
Belgium 0.4% - -
Developed Markets V.I. Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Americas 93.1% 100.0% -6.8%
Europe 0.4% 0.0% 0.4%
Emerging Markets V.I. Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Asia Pacific 1.9% 0.0% 1.9%
Equity Sector V.I. Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Information Technology 30.7% 33.0% -2.3%
Consumer Discretionary 19.3% 15.0% 4.2%
Communication Services 12.6% 12.4% 0.2%
Industrials 10.8% 11.4% -0.7%
Health Care 10.2% 12.7% -2.6%
Financials 5.7% 4.5% 1.2%
Energy 2.3% 0.7% 1.6%
Materials 2.0% 1.8% 0.2%
Utilities 1.2% - -
Consumer Staples 0.8% 5.9% -5.1%
Industry V.I. Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Software 12.9% 12.2% 0.6%
Interactive Media & Services 11.7% 8.8% 2.9%
Internet & Direct Marketing Retail 9.8% 6.5% 3.4%
IT Services 6.6% 9.2% -2.7%
Specialty Retail 6.0% 3.8% 2.2%
Semiconductors & Semiconductor Equipment 5.4% 3.7% 1.7%
Health Care Providers & Services 4.8% 2.9% 1.9%
Technology Hardware Storage & Peripherals 4.1% 6.5% -2.4%
Hotels Restaurants & Leisure 3.4% 2.2% 1.2%
Capital Markets 3.0% 2.3% 0.7%
Biotechnology 2.7% 4.4% -1.6%
Aerospace & Defense 2.6% 3.5% -0.9%
Road & Rail 2.6% 1.2% 1.4%
Oil Gas & Consumable Fuels 2.3% 0.6% 1.8%
Machinery 1.8% 2.1% -0.3%
Insurance 1.7% 1.1% 0.6%
Communications Equipment 1.7% 0.2% 1.5%
Commercial Services & Supplies 1.6% 0.7% 0.9%
Airlines 1.5% 0.2% 1.3%
Gas Utilities 1.2% - -
Asset Allocation V.I. Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Equity 95.4% 100.0% -4.6%
Market Cap V.I. Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Large 78.8% 85.1% -6.3%
Mid 9.8% 14.4% -4.5%
Small 6.8% 0.5% 6.3%
Analytics
(As of 05/31/2019)

Morningstar 05/31/2019 (based on risk adjusted performance)
  • A
Overall Rating
Number of Funds
241
Category
Large Growth
Performance Statistics
3Y
5Y
Alpha
-3.47
-3.16
Beta
1.05
1.03
Information Ratio
-1.21
-0.92
R-Squared
96.44
93.57
Sharpe Ratio
0.79
0.65
Standard Deviation
13.94
13.62
Upside Capture
94.37
95.07
Downside Capture
112.66
114.46
Sortino Ratio
1.19
0.99
Win Ratio
33.00
37.00
Loss Ratio
67.00
63.00
Tracking Error
2.71
3.48
Yields
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$302.58 B
$287.10 B
Median Market Cap (weighted)
$95.65 B
$105.37 B
P/E Ratio (LTM)
22.56
23.03
P/E Ratio (NTM)
18.73
19.84
Price/Book
5.89
6.92
Return on Equity
28.41%
28.69%
Turnover Ratio
27%
-
Active Share
63.60%
-
Dividends
  • E
Est. Frequency
Annual
Last Pay Date
6/19/2018
Per Share ($)
$0.1866
12-Month Distribution ($)
$0.1866
Distribution Sources
  • E
Net Income
3.00%
Net Profit from Sale
97.00%
Other Capital Sources
0.00%
Team
Documents
  1. 1. Paul Larson was added as portfolio manager of the Fund as of October 5, 2016. Michael Kotlarz will no longer be portfolio manager of the Fund as of October 5, 2016.
  2. 2. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Investments in securities of growth companies may be volatile. Diversification does not guarantee profit or protect against loss.
  3. 3. 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.
  4. 4. 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.
  5. 5. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund's prospectus.
  6. 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. Capital Appreciation Fund was rated against the following numbers of Large Growth funds over the following time periods: the fund was rated 2 stars among 241 funds in the last three years, 2 stars among 236 in the last five years, and 2 stars among 205 in the last ten years. <strong>Past performance does not guarantee future results.</strong>
  7. B. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.
  8. C. 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.
  9. D. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund).  These returns would be lower if sales charges were taken into consideration.  Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions.
  10. E. There is no guarantee of the payment of any dividend or other distributions at any level.
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