For Financial Professionals in the US

VIT Balanced Portfolio

For 30 years, this dynamic allocation strategy has delivered our equity and fixed income expertise in a one-stop core solution.

NAV
$45.42
As of 06/05/2023

1-Day Change
-$0.10 (-0.22%)
 As of 06/05/2023

YTD Return
6.95%
As of 06/05/2023

Morningstar Rating

As of 04/30/2023

Overview

30 YEAR HISTORY OF

Providing S&P 500®-Like Returns with Significantly Less Volatility

Fund Highlights

  • High-conviction large-cap growth equities paired with an active intermediate-term bond strategy
  • Dynamic asset allocation approach that migrates between 35%-65% equity depending on market conditions
  • Integrated research allows our equity and fixed income analysts to work side by side covering the same global sectors
Balance Scale

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

Jeremiah Buckley, CFA

Portfolio Manager

Industry since 1998. Joined Firm in 1998.

Greg Wilensky, CFA

Greg Wilensky, CFA

Head of U.S. Fixed Income | Portfolio Manager

Industry since 1993. Joined Firm in 2020.

Michael Keough

Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

Performance

RETURNS (%) (As of 03/31/2023)
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 5.18 5.18 -6.38 9.78 7.39 8.01 9.29
S&P 500® Index 7.50 7.50 -7.73 18.60 11.19 12.24 9.78
Bloomberg U.S. Aggregate Bond Index 2.96 2.96 -4.78 -2.77 0.91 1.36 4.38
Balanced Index 5.45 5.45 -6.10 8.82 6.83 7.49 7.60
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Performance for Service Shares prior to 12/31/99 reflects the performance of Institutional Shares, adjusted to reflect the expenses of Service Shares.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

RETURNS (%) (As of 05/31/2023)
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 3.62 5.89 1.40 6.41 7.03 7.81 9.26
S&P 500® Index 5.75 9.65 2.92 12.92 11.01 11.99 9.79
Bloomberg U.S. Aggregate Bond Index 2.04 2.46 -2.14 -3.65 0.81 1.39 4.34
Balanced Index 4.07 6.37 0.92 5.44 6.70 7.37 7.59
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Performance for Service Shares prior to 12/31/99 reflects the performance of Institutional Shares, adjusted to reflect the expenses of Service Shares.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Calendar Year Returns (%)
Balanced Portfolio - Class SERVICE Shares S&P 500® Index
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Balanced Portfolio - Class SERVICE Shares -16.62 16.91 14.03 22.27 0.43 18.13 4.32 0.41 8.24 19.80
S&P 500® Index -18.11 28.71 18.40 31.49 -4.38 21.83 11.96 1.38 13.69 32.39

MORNINGSTAR PERCENTILE

(As Of 03/31/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 49 50 9 9 7
Moderate Allocation | Rank/Count 364/746 329/702 48/691 48/602 12/204
(As Of 05/31/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 12 33 13 11 6
Moderate Allocation | Rank / Count 73/745 192/699 66/689 52/598 11/206

RETURNS-BASED STATISTICS (As of 04/30/2023 Inst Shares)

RISK / REWARD
VS. Balanced Index		 3YR 5YR
Information Ratio 0.94 0.51
Alpha 1.23 0.56
Tracking Error 1.75 1.84
Beta 1.06 1.05
R-squared (%) 98.38 97.97
UP/DOWN MARKET CAPTURE (%)
VS. Balanced Index		 3YR 5YR
Up Capture Ratio 111.81 110.35
Down Capture Ratio 104.21 107.03
STANDARD DEVIATION 3YR 5YR
Balanced Portfolio 12.65 12.19
Balanced Index 11.87 11.46
SHARPE RATIO 3YR 5YR
Balanced Portfolio 0.56 0.54
Balanced Index 0.46 0.49
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 12/31/2022)
SERVICE SHARES
Management Fees 0.55%
12b-1 Fees 0.25%
Other Expenses 0.06%
Total Gross Expenses 0.86%
Total Net Expenses 0.86%

Portfolio

Index represents the S&P 500® Index.

Top Holdings (As of 04/30/2023)
% of Portfolio
Microsoft Corp 5.47
Apple Inc 3.35
Mastercard Inc 2.29
Alphabet Inc 2.26
UnitedHealth Group Inc 2.04
Progressive Corp 1.51
United States Treasury Note/Bond, 3.75%, 04/15/26 1.49
United States Treasury Note/Bond, 3.88%, 02/15/43 1.42
United Parcel Service Inc 1.38
McDonald's Corp 1.38
Total 22.59
View full holdings
Portfolio Characteristics (As of 04/30/2023)
 
Number of Holdings
Equity Issues		 67
Number of Holdings
Debt Issues		 596
Market Capitalization
Weighted Average		 $552.63B
Portfolio Turnover Rate
(1-year trailing)		 90.40%
Price/Earnings Ratio
(1-year forward)		 19.74
Price/Book Ratio
 5.20
Earnings Growth Rate
(1-year forward)		 11.16%
Weighted Average Maturity
(years)		 6.30
Effective Duration
(years)		 6.21
Yield to Worst
 4.71%

Yield to Worst calculation excludes cash.
Asset Allocation:
Equity Fixed Income Cash & Equivalents
Sector Allocation % OF PORTFOLIO % OF PORTFOLIO (As of 04/30/2023)
Regional Allocation % OF PORTFOLIO % OF PORTFOLIO (As of 04/30/2023)
Market Capitalization Range of Equity Holdings % OF PORTFOLIO % OF PORTFOLIO (As of 04/30/2023)
Developed vs Emerging Markets % OF PORTFOLIO % OF PORTFOLIO (As of 04/30/2023)
Maturity Breakdown of Fixed Income Holdings % OF PORTFOLIO % OF PORTFOLIO (As of 04/30/2023)
Credit Quality of Fixed Income Holdings % OF PORTFOLIO % OF PORTFOLIO (As of 04/30/2023)
Credit quality ratings reflect the middle rating received from Moody’s, Standard & Poor’s and Fitch, where all three agencies have provided a rating. If only two agencies rate a security, the lowest rating is used. If only one agency rates a security, that rating is used. Ratings are measured on a scale that ranges from Aaa (highest) to D (lowest).

Documents

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Our intellectual capital is readily available and central to our Knowledge Shared approach"
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