V.I. Discovery Mid Cap Growth Fund

Overview

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

Inception Date
August 15, 1986
Investment Style
Mid Cap Growth
Fund Index
Russell Midcap® Growth Index
CUSIP
00900X751
NAV
  • B
(as of 05/24/2019)
$83.81
Total Assets
(as of 04/30/2019)
$716.50 MM
Gross Expense Ratio
(as of 05/25/2019)
0.88%
Net Expense Ratio
(as of 05/25/2019)
0.80%
Performance
Average Annual Total Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2019
  • 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. Discovery Mid Cap Growth Fund (NAV)
19.25% 9.37% 15.20% 10.57% 16.65% 9.53%
Russell Midcap® Growth Index
19.62% 11.51% 15.06% 10.89% 17.93% 4.33%
Cumulative
Annualized
ytd as of 2019-03-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
V.I. Discovery Mid Cap Growth Fund (with sales charge)
19.25% 9.37% 15.20% 10.57% 16.65% 9.53%
Russell Midcap® Growth Index
19.62% 11.51% 15.06% 10.89% 17.93% 4.33%
Cumulative
Annualized
ytd as of 2019-04-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
V.I. Discovery Mid Cap Growth Fund (NAV)
24.29% 14.02% 16.46% 13.09% 16.34% 9.65%
Russell Midcap® Growth Index
25.00% 17.64% 16.78% 12.20% 16.82% 4.45%
Cumulative
Annualized
ytd as of 2019-04-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
V.I. Discovery Mid Cap Growth Fund (with sales charge)
24.29% 14.02% 16.46% 13.09% 16.34% 9.65%
Russell Midcap® Growth Index
25.00% 17.64% 16.78% 12.20% 16.82% 4.45%
Gross Expense Ratio: 0.88% | 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. Discovery Mid Cap Growth Fund Russell Midcap® Growth Index
1987 14.34% -
1988 13.41% -
1989 27.57% -
1990 -16.82% -
1991 54.72% -
1992 15.42% -8.01%
1993 27.32% 14.89%
1994 -7.59% -5.19%
1995 32.52% 12.71%
1996 20.22% 2.82%
1997 11.67% 2.27%
1998 12.36% -7.70%
1999 83.60% 2.48%
2000 -11.24% -12.30%
2001 -31.27% -10.83%
2002 -27.79% -29.09%
2003 25.59% 46.31%
2004 19.78% 14.59%
2005 12.33% 8.17%
2006 2.96% 12.26%
2007 6.33% 9.69%
2008 -49.07% -41.50%
2009 32.61% 41.66%
2010 27.46% 28.86%
2011 1.09% -1.57%
2012 16.45% 16.13%
2013 35.98% 37.06%
2014 5.78% 11.90%
2015 6.61% -0.20%
2016 2.34% 7.33%
2017 28.79% 25.27%
2018 -6.08% -4.75%

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.

$ per share as of 05/26/2019

Date 2014 2015 2016 2017 2018
Short Term 2.8462
Long Term 7.4459 5.9180 8.3865 9.4502
Total Amount of Distribution 7.4459 5.9180 8.3865 12.2964
Record Date 6/15/15 6/20/16 6/19/17 6/18/18
Ex Div Date 6/16/15 6/21/16 6/20/17 6/19/18
Pay Date 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

(36.2% of assets as of 03/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country V.I. Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
United States 98.1% 100.0% -1.8%
Canada 0.5% - -
Developed Markets V.I. Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Americas 98.6% 100.0% -1.3%
Equity Sector V.I. Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Information Technology 29.2% 33.2% -4.0%
Industrials 17.8% 15.7% 2.1%
Health Care 15.9% 14.4% 1.5%
Consumer Discretionary 15.7% 16.1% -0.4%
Financials 6.2% 6.4% -0.2%
Consumer Staples 4.5% 3.0% 1.5%
Materials 2.8% 3.5% -0.8%
Communication Services 2.7% 3.8% -1.1%
Real Estate 2.6% 2.3% 0.3%
Energy 1.1% 1.5% -0.4%
Industry V.I. Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Software 10.1% 12.6% -2.5%
Health Care Equipment & Supplies 7.8% 5.4% 2.4%
IT Services 7.4% 8.2% -0.7%
Specialty Retail 5.7% 4.9% 0.8%
Semiconductors & Semiconductor Equipment 5.6% 6.2% -0.6%
Life Sciences Tools & Services 5.1% 1.8% 3.3%
Commercial Services & Supplies 4.5% 1.4% 3.2%
Professional Services 4.4% 2.0% 2.4%
Electronic Equipment Instruments & Components 3.9% 2.5% 1.4%
Hotels Restaurants & Leisure 3.4% 3.6% -0.2%
Capital Markets 3.0% 4.5% -1.6%
Insurance 2.9% 0.4% 2.5%
Textiles Apparel & Luxury Goods 2.7% 2.0% 0.7%
Food Products 2.7% 1.0% 1.7%
Industrial Conglomerates 2.3% 0.2% 2.1%
Machinery 2.1% 4.0% -1.9%
Aerospace & Defense 2.0% 2.5% -0.4%
Equity Real Estate Investment Trusts (REITs) 1.8% 2.0% -0.2%
Containers & Packaging 1.6% 1.2% 0.4%
Diversified Consumer Services 1.6% 0.8% 0.8%
Asset Allocation V.I. Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Equity 98.6% 100.0% -1.4%
Market Cap V.I. Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Mid 57.6% 52.8% 4.8%
Large 40.7% 45.8% -5.1%
Small 0.3% 1.4% -1.1%
Analytics
(As of 04/30/2019)

Morningstar 04/30/2019 (based on risk adjusted performance)
  • A
Overall Rating
Number of Funds
82
Category
Mid-Cap Growth
Performance Statistics
3Y
5Y
Alpha
-0.22
1.22
Beta
1.00
0.97
Information Ratio
-0.09
0.23
R-Squared
92.94
91.65
Sharpe Ratio
1.08
0.93
Standard Deviation
13.91
13.41
Sortino Ratio
1.62
1.44
Win Ratio
53.00
57.00
Loss Ratio
47.00
43.00
Tracking Error
3.70
3.90
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$18.06 B
$18.31 B
Median Market Cap (weighted)
$17.68 B
$16.44 B
P/E Ratio (LTM)
35.54
28.44
P/E Ratio (NTM)
27.81
22.96
Price/Book
7.22
6.73
Return on Equity
14.79%
20.84%
Turnover Ratio
104%
-
Active Share
74.37%
-
Dividends
  • E
Est. Frequency
Annual
Last Pay Date
6/19/2018
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Distribution Sources
  • E
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Team
Documents
  1. 1. 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. Investments in securities of growth companies may be volatile. Mid-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a mid-sized company, if any gain is realized at all. Diversification does not guarantee profit or protect against loss.
  2. 2. 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.
  3. 3. The index returns are made up of the returns of (i) the Russell 2500™ Growth Index from November, 1, 2000 through June 30, 2013, and (ii) the Russell Midcap® Growth Index from July 1, 2013 to present.  Index performance includes total returns from when first available. The Russell Midcap® Growth Index measures the performance of the mid-cap growth segment of the U.S. equity universe. It includes those Russell Midcap® Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 2500™ Growth Index measures the performance of the small to mid-cap growth segment of the U.S. equity universe. It includes those Russell 2500 companies with higher price-to-book ratios and higher forecasted growth values. The indices are unmanaged and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  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. Discovery Mid Cap Growth Fund was rated against the following numbers of Mid-Cap Growth funds over the following time periods: the fund was rated 3 stars among 82 funds in the last three years, 4 stars among 80 in the last five years, and 4 stars among 71 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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