For Financial Professionals in the US

VIT Forty Portfolio

We believe our differentiated view from the market identifies growth where growth is scarce, positioning our investments to outperform the index over time

NAV
$57.19
As of 04/09/2021

1-Day Change
$0.39 (0.69%)
As of 04/09/2021

YTD Return
7.99%
As of 04/09/2021

Morningstar Rating

As of 03/31/2021

Overview

ABOUT THIS PORTFOLIO

Concentrated large-cap growth portfolio, leveraging our three decades of experience in high-conviction investing. By investing in our best wide-moat ideas, the Portfolio seeks to add excess returns over the long term. Given its concentrated nature, the Portfolio may exhibit moderately higher volatility than its benchmark.

WHY INVEST IN THIS PORTFOLIO

High-Conviction Approach
Fundamental research-driven approach, investing with conviction in 30 to 40 of our best large-cap growth ideas where we believe we have a differentiated view from the market.

Innovative Wide-Moat Companies
Seeks companies with sustainable competitive advantages that capitalize on their competitive moat to grow market share globally over a multi-year period. Emphasizes dominant companies driving innovation and change through disruptive technologies, products or business models.

Stock Selection Drives Return
Stock picker’s portfolio designed to deliver long-term growth of capital with a high-conviction approach. Seeks to use risk wisely, leveraging our best ideas in a concentrated portfolio to drive potential outperformance of the index over time.

PORTFOLIO MANAGEMENT

Doug Rao

Portfolio Manager

Industry since 1998. Joined Firm in 2013.

Nick Schommer, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2013.

Performance

RETURNS (%) (As of 03/31/2021)
VIT Forty Portfolio - Class SS Shares Russell 1000® Growth Index S&P 500® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/01/1997)
VIT Forty Portfolio - Class SS Shares 1.72 1.72 61.89 23.31 21.94 16.79 12.69
Russell 1000® Growth Index 0.94 0.94 62.74 22.80 21.05 16.63 9.44
S&P 500® Index 6.17 6.17 56.35 16.78 16.29 13.91 8.97
RETURNS (%) (As of 03/31/2021)
VIT Forty Portfolio - Class SS Shares Russell 1000® Growth Index S&P 500® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/01/1997)
VIT Forty Portfolio - Class SS Shares 1.72 1.72 61.89 23.31 21.94 16.79 12.69
Russell 1000® Growth Index 0.94 0.94 62.74 22.80 21.05 16.63 9.44
S&P 500® Index 6.17 6.17 56.35 16.78 16.29 13.91 8.97
CALENDAR YEAR RETURNS (%)
VIT Forty Portfolio - Class SS Shares Russell 1000® Growth Index
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
VIT Forty Portfolio - Class SS Shares -6.94 23.86 30.89 8.47 11.94 1.94 29.99 1.72 36.85 39.03
Russell 1000® Growth Index 2.64 15.26 33.48 13.05 5.67 7.08 30.21 -1.51 36.39 38.49

MORNINGSTAR PERCENTILE

(As Of 03/31/2021)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 44 20 18 17 5
Large Growth Category|Rank/Count 559/1305 264/1250 228/1191 175/1044 24/537
(As Of 03/31/2021)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 44 20 18 17 5
Large Growth Category|Rank/Count 559/1305 264/1250 228/1191 175/1044 24/537

RETURNS-BASED STATISTICS (As of 02/28/2021 Inst Shares)

RISK / REWARD
VS. Russell 1000® Growth Index
3YR 5YR
Information Ratio 0.55 0.41
Alpha 2.52 2.16
Tracking Error 2.98 3.38
Beta 0.94 0.95
R-squared (%) 97.85 95.53
UP/DOWN MARKET CAPTURE (%)
VS. Russell 1000® Growth Index
3YR 5YR
Up Capture Ratio 95.71 97.80
Down Capture Ratio 86.36 86.75
STANDARD DEVIATION 3YR 5YR
VIT Forty Portfolio 18.58 15.56
Russell 1000® Growth Index 19.59 16.00
SHARPE RATIO 3YR 5YR
VIT Forty Portfolio 1.14 1.44
Russell 1000® Growth Index 0.99 1.32
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 12/31/2019)
SERVICE SHARES
Management Fees 0.69%
12b-1 Fees 0.25%
Other Expenses 0.08%
Total Gross Expenses 1.02%
Total Net Expenses 1.02%

Portfolio

Index represents the Russell 1000® Growth Index.

Top Holdings (As of 02/28/2021)
% of Portfolio
Amazon.com Inc 8.12
Microsoft Corp 7.86
Mastercard Inc 5.81
Apple Inc 4.86
Facebook Inc 4.81
Total 31.46
View Full Holdings
Portfolio Characteristics (As of 02/28/2021)
  PORTFOLIO INDEX
Number of Holdings
Equity Issues
38 453
Market Capitalization
Weighted Average
$570.33B $694.73B
Portfolio Turnover Rate
(1-year trailing)
35.67% -
Price/Earnings Ratio
(1-year forward)
41.58 36.07
Price/Book Ratio
(1-year forward)
16.98 15.83
Earnings Growth Rate
(1-year forward)
25.11% 22.49%
Sector Allocation % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 02/28/2021)
Information Technology 34.95 45.19
Communication Services 18.71 11.69
Consumer Discretionary 15.38 16.39
Health Care 13.95 13.66
Industrials 6.09 4.48
Financials 3.08 1.87
Materials 2.01 0.77
Consumer Staples 1.99 4.22
Real Estate 1.98 1.62
Cash & Equivalents 1.86 -
Regional Allocations % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 02/28/2021)
North America 91.41 99.44
Europe 4.69 0.22
Asia/Pacific Ex Japan 2.04 0.20
Cash & Equivalents 1.86 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF PORTFOLIO % OF INDEX % OF PORTFOLIO % OF INDEX (As of 02/28/2021)
Over $100B 64.00 70.14
$50B to $100B 23.31 9.95
$10B to $50B 10.48 17.87
$500M to $1B 0.35
Developed VS Emerging Markets % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 02/28/2021)
U.S. 90.73 99.43
Non-U.S. Developed 5.37 0.40
Non-U.S. Emerging 2.04 0.17
Cash & Equivalents 1.86 -

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