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
$43.23
As of 09/17/2020

1-Day Change
-$0.21 (-0.48%)
As of 09/17/2020

YTD Return
6.19%
As of 09/17/2020

Morningstar Rating

As of 08/31/2020

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.

Marc Pinto, CFA

Portfolio Manager

Industry since 1983. Joined Firm in 1994.

Greg Wilensky, CFA

Head of U.S. Fixed Income

Industry since 1993. Joined Firm in 2020.

Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Performance

RETURNS (%) (As of 06/30/2020)
VIT Balanced Portfolio - Class SS Shares S&P 500® Index Bloomberg Barclays U.S. Aggregate Bond Index Balanced Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/13/1993)
VIT Balanced Portfolio - Class SS Shares 12.85 -0.27 8.19 10.12 8.55 9.72 9.64
S&P 500® Index 20.54 -3.08 7.51 10.73 10.73 13.99 9.50
Bloomberg Barclays U.S. Aggregate Bond Index 2.90 6.14 8.74 5.32 4.30 3.82 5.28
Balanced Index 12.43 1.46 8.66 8.67 8.10 9.57 7.87
RETURNS (%) (As of 08/31/2020)
VIT Balanced Portfolio - Class SS Shares S&P 500® Index Bloomberg Barclays U.S. Aggregate Bond Index Balanced Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/13/1993)
VIT Balanced Portfolio - Class SS Shares 11.26 8.67 15.30 12.54 11.01 10.42 9.93
S&P 500® Index 15.48 9.74 21.94 14.52 14.46 15.16 9.94
Bloomberg Barclays U.S. Aggregate Bond Index 1.31 6.85 6.47 5.09 4.33 3.65 5.28
Balanced Index 8.98 9.07 15.43 10.62 10.11 10.11 8.10
CALENDAR YEAR RETURNS (%)
VIT Balanced Portfolio - Class SS Shares S&P 500® Index
 
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
VIT Balanced Portfolio - Class SS Shares 8.12 1.35 13.37 19.80 8.24 0.41 4.32 18.13 0.43 22.27
S&P 500® Index 15.06 2.11 16.00 32.39 13.69 1.38 11.96 21.83 -4.38 31.49

MORNINGSTAR PERCENTILE

(As Of 06/30/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 11 3 6 14 9
Allocation-50% to 70% Equity Category|Rank/Count 69/685 16/665 26/626 73/516 13/209
(As Of 08/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 14 4 8 12 9
Allocation-50% to 70% Equity Category|Rank/Count 89/683 19/660 35/654 66/522 13/209

RETURNS-BASED STATISTICS (As of 08/31/2020 Inst Shares)

RISK / REWARD
VS. S&P 500® Index
3YR 5YR
Information Ratio -0.23 -0.51
Alpha 3.79 2.32
Tracking Error 7.42 6.17
Beta 0.59 0.60
R-squared (%) 96.79 95.58
UP/DOWN MARKET CAPTURE (%)
VS. S&P 500® Index
3YR 5YR
Up Capture Ratio 63.39 63.77
Down Capture Ratio 52.13 55.16
STANDARD DEVIATION 3YR 5YR
VIT Balanced Portfolio 10.50 9.14
S&P 500® Index 17.51 14.80
SHARPE RATIO 3YR 5YR
VIT Balanced Portfolio 1.06 1.11
S&P 500® Index 0.73 0.90
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 12/31/2019)
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 08/31/2020)
% of Portfolio
Microsoft Corp 5.14
Apple Inc 3.72
Amazon.com Inc 3.37
Mastercard Inc 2.68
Alphabet Inc 2.49
Adobe Inc 2.18
Home Depot Inc 2.01
UnitedHealth Group Inc 1.97
Merck & Co Inc 1.50
McDonald's Corp 1.48
Total 26.54
View full holdings
Portfolio Characteristics (As of 08/31/2020)
 
Number of Holdings
Equity Issues
64
Number of Holdings
Debt Issues
669
Market Capitalization
Weighted Average
$538.28B
Portfolio Turnover Rate
(1-year trailing)
85.54%
Price/Earnings Ratio
(1-year forward)
33.36
Price/Book Ratio
(1-year forward)
12.79
Earnings Growth Rate
(1-year forward)
2.93%
Weighted Average Maturity
(years)
8.72
Effective Duration
(years)
6.42
Asset Allocation:
Equity Fixed Income Cash & Equivalents
Sector Allocation % OF PORTFOLIO % OF PORTFOLIO (As of 08/31/2020)
Information Technology 20.72
Consumer Discretionary 10.29
Health Care 9.50
Financials 5.67
Communication Services 4.94
Consumer Staples 4.62
Industrials 3.92
Real Estate 1.31
Materials 0.44
Utilities 0.36
Credit-Investment Grade 19.24
MBS 7.04
Credit-High Yield 3.39
Treasuries 3.15
CMO 1.89
ABS 1.45
CMBS 1.28
Bank Loans 0.15
Regional Allocations % OF PORTFOLIO % OF PORTFOLIO (As of 08/31/2020)
North America 97.75
Europe 1.39
Latin America 0.17
Japan 0.05
Cash & Equivalents 0.64
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF PORTFOLIO % OF PORTFOLIO (As of 08/31/2020)
Over $100B 44.62
$50B to $100B 10.27
$10B to $50B 6.44
$1B to $5B 0.30
N/A 0.14
Developed VS Emerging Markets % OF PORTFOLIO % OF PORTFOLIO (As of 08/31/2020)
U.S. 97.59
Non-U.S. Developed 1.60
Non-U.S. Emerging 0.17
Cash & Equivalents 0.64
MATURITY BREAKDOWN OF FIXED INCOME HOLDINGS % OF PORTFOLIO % OF PORTFOLIO (As of 08/31/2020)
< 1 yr 1.09
1 - 3 yrs 5.93
3 - 5 yrs 7.96
5 - 7 yrs 5.46
7 - 10 yrs 9.29
10 - 20 yrs 2.75
> 20 yrs 4.23
N/A 0.88
Credit Quality of Fixed Income Holdings % OF PORTFOLIO % OF PORTFOLIO (As of 08/31/2020)
Aaa 12.03
Aa 0.41
A 5.51
Baa 15.23
Ba 2.52
B 1.52
NOT RATED 0.37

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