V.I. Government Money Fund

Overview

The Fund typically invests in short-term investment-grade debt securities

Inception Date
April 3, 1985
Investment Style
Government Money Market
Fund Index
n/a
CUSIP
00900X868
NAV
  • A
(as of 05/24/2019)
$1.00
Total Assets
(as of 04/30/2019)
$576.85 MM
Gross Expense Ratio
(as of 05/25/2019)
0.58%
Net Expense Ratio
(as of 05/25/2019)
0.50%
Market-based NAV (all classes)
(as of 05/24/2019)
$1.0000
Daily Liquid Assets (all classes)
(as of 05/23/2019)
79.24%
More NAV & Liquidity Data
Net In/Outflows (all classes)
(as of 05/24/2019)
$0.00
Weekly Liquid Assets (all classes)
(as of 05/23/2019)
84.86%
×
Performance
Average Annual Total Returns
Dividends
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2019
  • B
as of 03/31/2019
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2019-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
V.I. Government Money Fund (NAV)
0.49% 1.62% 0.74% 0.45% 0.24% 3.41%
Cumulative
Annualized
ytd as of 2019-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
V.I. Government Money Fund (with sales charge)
0.49% 1.62% 0.74% 0.45% 0.24% 3.41%
Cumulative
Annualized
ytd as of 2019-04-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
V.I. Government Money Fund (NAV)
0.65% 1.68% 0.80% 0.48% 0.26% 3.41%
Cumulative
Annualized
ytd as of 2019-04-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
V.I. Government Money Fund (with sales charge)
0.65% 1.68% 0.80% 0.48% 0.26% 3.41%
Gross Expense Ratio: 0.58% | Net Expense Ratio: 0.50%

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. Government Money Fund
1992 4.03%
1993 3.16%
1994 4.21%
1995 5.61%
1996 5.13%
1997 5.31%
1998 5.25%
1999 4.96%
2000 6.26%
2001 3.85%
2002 1.47%
2003 0.79%
2004 0.98%
2005 2.86%
2006 4.71%
2007 4.98%
2008 2.78%
2009 0.32%
2010 0.03%
2011 0.01%
2012 0.01%
2013 0.01%
2014 0.01%
2015 0.01%
2016 0.01%
2017 0.39%
2018 1.35%

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
6/19/2009 0.0003
7/17/2009 0.0002
8/21/2009 0.0001
9/18/2009 0.0
10/16/2009 0.0
11/20/2009 0.0
12/18/2009 0.0
1/15/2010 0.0
2/19/2010 0.0
3/19/2010 0.0
4/16/2010 0.0001
5/21/2010 0.0001
6/18/2010 0.0
7/16/2010 0.0
8/20/2010 0.0
9/17/2010 0.0
10/15/2010 0.0
11/19/2010 0.0
12/17/2010 0.0
1/21/2011 0.0
2/18/2011 0.0
3/18/2011 0.0
4/15/2011 0.0
5/20/2011 0.0
6/17/2011 0.0
7/15/2011 0.0
8/19/2011 0.0
9/16/2011 0.0
10/21/2011 0.0
11/18/2011 0.0
12/16/2011 0.0
1/20/2012 0.0
2/17/2012 0.0
3/16/2012 0.0
4/20/2012 0.0
5/18/2012 0.0
6/15/2012 0.0
7/20/2012 0.0
8/17/2012 0.0
9/21/2012 0.0
10/19/2012 0.0
11/16/2012 0.0
12/21/2012 0.0
1/18/2013 0.0
2/15/2013 0.0
3/15/2013 0.0
4/19/2013 0.0
5/17/2013 0.0
6/21/2013 0.0
7/19/2013 0.0
8/16/2013 0.0
9/20/2013 0.0
10/18/2013 0.0
11/15/2013 0.0
12/20/2013 0.0
1/17/2014 0.0
2/21/2014 0.0
3/21/2014 0.0
4/17/2014 0.0
5/16/2014 0.0
6/20/2014 0.0
7/18/2014 0.0
8/15/2014 0.0
9/19/2014 0.0
10/17/2014 0.0
11/21/2014 0.0
12/19/2014 0.0
1/16/2015 0.0
2/20/2015 0.0
3/20/2015 0.0
4/17/2015 0.0
5/15/2015 0.0
6/19/2015 0.0
7/17/2015 0.0
8/21/2015 0.0
9/18/2015 0.0
10/16/2015 0.0
11/20/2015 0.0
12/18/2015 0.0
1/15/2016 0.0
2/19/2016 0.0
3/18/2016 0.0
4/15/2016 0.0
5/20/2016 0.0
6/17/2016 0.0
7/15/2016 0.0
8/19/2016 0.0
9/16/2016 0.0
10/21/2016 0.0
11/18/2016 0.0
12/16/2016 0.0
1/20/2017 0.0
2/17/2017 0.0
3/17/2017 0.0001
4/21/2017 0.0002
5/19/2017 0.0002
6/16/2017 0.0003
7/21/2017 0.0005
8/18/2017 0.0004
9/15/2017 0.0004
10/20/2017 0.0005
11/17/2017 0.0004
12/15/2017 0.0005
1/19/2018 0.0008
2/16/2018 0.0007
3/16/2018 0.0007
4/20/2018 0.0011
5/18/2018 0.0009
6/15/2018 0.001
7/20/2018 0.0014
8/17/2018 0.0011
9/21/2018 0.0014
10/19/2018 0.0012
11/16/2018 0.0013
12/14/2018 0.0014
1/18/2019 0.0019
2/15/2019 0.0015
3/15/2019 0.0014
4/18/2019 0.0019

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

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 05/24/2019

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

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

Portfolio

Top Asset Allocations

(100.1% of assets as of 03/31/2019)


Portfolio Holdings Breakdown

Credit Rating Allocation
Credit Rating Allocation V.I. Government Money Fund n/a Overweight / Underweight
Agency 20.3% - -
Unrated 78.5% - -
Other 1.3% - -
Analytics
(As of 04/30/2019)

Performance Statistics
3Y
5Y
Alpha
0.00
0.00
Beta
1.00
1.00
Information Ratio
0.00
0.00
Sharpe Ratio
-13.70
-4.57
Standard Deviation
0.20
0.19
Sortino Ratio
-3.36
-2.77
Tracking Error
0.00
0.00
Yields
1 Day
0.0184
7 Day with compounding
1.88%
30 Day with compounding
1.92%
Dividends
  • D
Est. Frequency
Monthly
Last Pay Date
5/17/2019
Per Share ($)
$0.0015
12-Month Distribution ($)
$0.0165
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Team
  1. 1. Effective 4/30/13, the Fund's investment objective changed from: "seeks maximum current income from investments in "money market" securities consistent with low capital risk and the maintenance of liquidity. The Fund is a money market fund" to "seeks income consistent with stability of principal."
  2. 2. In connection with new rules governing money market funds that will be fully implemented in October 2016, effective April 29, 2016, Oppenheimer Money Fund/VA changed its name to Oppenheimer Government Money Fund/VA, and made changes to its investment strategies that will enable it to operate as a government money market fund. See the Fund's prospectus for more information.
  3. 3. This Fund seeks income consistent with stability of principal. You could lose money by investing in the Government Money Fund/VA. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. The yield of this Fund may become very low during periods of low interest rates. After deduction of Variable Account Annual Expenses, the yield in the Sub-Account that invests in this Fund could be negative.
  4. 4. Debt securities may be subject to credit risks and interest rate risks. However, the Fund's investments must follow special rules for money market funds under Federal law. Those rules require the Fund to maintain:▪ High portfolio credit quality▪ Short average portfolio maturity▪ Diversification of the Fund's investments by issuerEven so, there are risks that any of the Fund's holdings could have its credit rating downgraded, or that the issuer could default, or that interest rates could rise sharply, causing the value of the Fund's investments (and its share price) to fall. There is risk that the Fund's shares could fall below $1.00 per share. This Fund seeks income consistent with stability of principal. You could lose money by investing in the Government Money Fund/VA. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. The yield of this Fund may become very low during periods of low interest rates. After deduction of Variable Account Annual Expenses, the yield in the Sub-Account that invests in this Fund could be negative.
  5. 5. 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.
  6. 6. 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.
  7. A. 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. 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.
  9. C. "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. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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