For Financial Professionals in the US

VIT Balanced Portfolio

For 25 years, this dynamic allocation strategy has delivered our equity and fixed income expertise in a one-stop core solution

NAV
$51.31
As of 10/22/2021

1-Day Change
$0.06 (0.12%)
As of 10/22/2021

YTD Return
12.58%
As of 10/22/2021

Morningstar Rating

As of 09/30/2021

Overview

ABOUT THIS PORTFOLIO

Balanced Portfolio’s dynamic asset allocation strategy has the flexibility to defensively position ahead of market volatility while seeking strong risk-adjusted returns. Unlike many competitor products, where asset allocations are constrained by static targets, the Fund’s asset allocations may vary between 35% to 65% equities depending on market conditions.

WHY INVEST IN THIS PORTFOLIO

Dynamic Asset Allocation
The portfolio managers make allocation decisions based on their view of overall market risk and careful examination of individual security valuations across equity and fixed income markets.

Integrated Research
Our equity and fixed income analysts work side-by-side covering the same global sectors, facilitating deeper analysis of a company’s fundamental outlook and understanding of management’s true intentions.

Seeks Consistent Results
The end result is a multi-asset, core holding portfolio offering the potential for long-term capital appreciation with the flexibility to navigate uncertain and volatile markets.

PORTFOLIO MANAGEMENT

Jeremiah Buckley, CFA

Portfolio Manager

Industry since 1998. Joined Firm in 1998.

Greg Wilensky, CFA

Head of U.S. Fixed Income | Portfolio Manager

Industry since 1993. Joined Firm in 2020.

Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Performance

RETURNS (%) (As of 09/30/2021)
Balanced Portfolio - Class SS Shares S&P 500® Index Bloomberg U.S. Aggregate Bond Index Balanced Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/13/1993)
Balanced Portfolio - Class SS Shares 0.28 8.76 16.44 12.13 13.07 11.57 10.05
S&P 500® Index 0.58 15.92 30.00 15.99 16.90 16.63 10.42
Bloomberg U.S. Aggregate Bond Index 0.05 -1.55 -0.90 5.36 2.94 3.01 5.03
Balanced Index 0.38 7.83 15.35 11.58 10.74 10.56 8.25
RETURNS (%) (As of 09/30/2021)
Balanced Portfolio - Class SS Shares S&P 500® Index Bloomberg U.S. Aggregate Bond Index Balanced Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/13/1993)
Balanced Portfolio - Class SS Shares 0.28 8.76 16.44 12.13 13.07 11.57 10.05
S&P 500® Index 0.58 15.92 30.00 15.99 16.90 16.63 10.42
Bloomberg U.S. Aggregate Bond Index 0.05 -1.55 -0.90 5.36 2.94 3.01 5.03
Balanced Index 0.38 7.83 15.35 11.58 10.74 10.56 8.25
CALENDAR YEAR RETURNS (%)
Balanced Portfolio - Class SERVICE Shares S&P 500® Index
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Balanced Portfolio - Class SERVICE Shares 1.35 13.37 19.80 8.24 0.41 4.32 18.13 0.43 22.27 14.03
S&P 500® Index 2.11 16.00 32.39 13.69 1.38 11.96 21.83 -4.38 31.49 18.40

MORNINGSTAR PERCENTILE

(As Of 09/30/2021)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 79 12 8 9 10
Allocation-50% to 70% Equity Category|Rank/Count 564/704 71/682 39/655 42/542 14/210
(As Of 09/30/2021)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 79 12 8 9 10
Allocation-50% to 70% Equity Category|Rank/Count 564/704 71/682 39/655 42/542 14/210

RETURNS-BASED STATISTICS (As of 09/30/2021 Inst Shares)

RISK / REWARD
VS. S&P 500® Index
3YR 5YR
Information Ratio -0.46 -0.56
Alpha 2.40 2.85
Tracking Error 7.84 6.32
Beta 0.60 0.61
R-squared (%) 96.02 95.42
UP/DOWN MARKET CAPTURE (%)
VS. S&P 500® Index
3YR 5YR
Up Capture Ratio 61.84 65.38
Down Capture Ratio 58.31 56.60
STANDARD DEVIATION 3YR 5YR
Balanced Portfolio 11.56 9.43
S&P 500® Index 18.81 15.20
SHARPE RATIO 3YR 5YR
Balanced Portfolio 0.97 1.30
S&P 500® Index 0.79 1.04
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 12/31/20)
SERVICE SHARES
Management Fees 0.55%
12b-1 Fees 0.25%
Other Expenses 0.07%
Total Gross Expenses 0.87%
Total Net Expenses 0.87%

Portfolio

Index represents the S&P 500® Index.

Top Holdings (As of 09/30/2021)
% of Portfolio
Microsoft Corp 5.29
Alphabet Inc 3.70
Apple Inc 3.35
Amazon.com Inc 2.85
Mastercard Inc 2.20
UnitedHealth Group Inc 2.01
Adobe Inc 1.98
Home Depot Inc 1.56
NVIDIA Corp 1.53
Morgan Stanley 1.49
Total 25.96
View Full Holdings
Portfolio Characteristics (As of 09/30/2021)
 
Number of Holdings
Equity Issues
69
Number of Holdings
Debt Issues
511
Market Capitalization
Weighted Average
$622.85B
Portfolio Turnover Rate
(1-year trailing)
50.22%
Price/Earnings Ratio
(1-year forward)
31.12
Price/Book Ratio
(1-year forward)
12.54
Earnings Growth Rate
(1-year forward)
31.64%
Weighted Average Maturity
(years)
7.41
Effective Duration
(years)
5.69
Asset Allocation:
Equity Fixed Income Cash & Equivalents
Sector Allocation % OF PORTFOLIO % OF PORTFOLIO (As of 09/30/2021)
Information Technology 20.45
Consumer Discretionary 10.34
Health Care 9.27
Communication Services 6.72
Financials 6.46
Industrials 5.44
Consumer Staples 4.13
Materials 0.45
Real Estate 0.34
Treasuries 11.40
Credit-Investment Grade 6.96
Credit-High Yield 4.91
MBS 4.87
ABS 2.22
CMBS 2.11
CMO 1.48
Inflation Linked 0.92
Bank Loans 0.69
Regional Allocations % OF PORTFOLIO % OF PORTFOLIO (As of 09/30/2021)
North America 97.66
Europe 1.15
Asia/Pacific Ex Japan 0.35
Cash & Equivalents 0.84
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF PORTFOLIO % OF PORTFOLIO (As of 09/30/2021)
Over $100B 48.75
$50B to $100B 7.49
$10B to $50B 7.33
N/A 0.03
Developed VS Emerging Markets % OF PORTFOLIO % OF PORTFOLIO (As of 09/30/2021)
U.S. 97.52
Non-U.S. Developed 1.46
Non-U.S. Emerging 0.18
Cash & Equivalents 0.84
MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS % OF PORTFOLIO % OF PORTFOLIO (As of 09/30/2021)
< 1 yr 1.02
1 - 3 yrs 7.10
3 - 5 yrs 8.34
5 - 7 yrs 6.55
7 - 10 yrs 6.68
10 - 20 yrs 2.15
> 20 yrs 2.74
N/A 0.98
Credit Quality of Fixed Income Holdings % OF PORTFOLIO % OF PORTFOLIO (As of 09/30/2021)
Aaa 18.98
Aa 0.42
A 2.41
Baa 6.24
Ba 4.38
B 1.51
NOT RATED 1.62

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