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
$43.26
As of 07/07/2020

1-Day Change
-$0.43 (-0.98%)
As of 07/07/2020

YTD Return
13.57%
As of 07/07/2020

Morningstar Rating

As of 05/31/2020

Overview

Navigate Uncertainty

Watch now for a current market perspective and outlook from the investment team

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 06/30/2020)
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 26.70 10.68 22.79 18.99 16.19 16.24 11.94
Russell 1000® Growth Index 27.84 9.81 23.28 18.99 15.89 17.23 8.62
S&P 500® Index 20.54 -3.08 7.51 10.73 10.73 13.99 8.05
RETURNS (%) (As of 06/30/2020)
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 26.70 10.68 22.79 18.99 16.19 16.24 11.94
Russell 1000® Growth Index 27.84 9.81 23.28 18.99 15.89 17.23 8.62
S&P 500® Index 20.54 -3.08 7.51 10.73 10.73 13.99 8.05
CALENDAR YEAR RETURNS (%)
VIT Forty Portfolio - Class SS Shares Russell 1000® Growth Index
 
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
VIT Forty Portfolio - Class SS Shares 6.48 -6.94 23.86 30.89 8.47 11.94 1.94 29.99 1.72 36.85
Russell 1000® Growth Index 16.71 2.64 15.26 33.48 13.05 5.67 7.08 30.21 -1.51 36.39

MORNINGSTAR PERCENTILE

(As Of 03/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 9 17 12 39 4
Large Growth Category|Rank/Count 119/1379 234/1318 148/1260 428/1100 20/590
(As Of 05/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 28 27 18 35 5
Large Growth Category|Rank/Count 402/1372 378/1321 227/1256 391/1105 24/592
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 05/31/2020 Inst Shares)

RISK / REWARD
VS. Russell 1000® Growth Index
3YR 5YR
Information Ratio 0.10 0.15
Alpha 1.06 0.79
Tracking Error 2.86 3.37
Beta 0.95 0.98
R-squared (%) 97.43 95.32
UP/DOWN MARKET CAPTURE (%)
VS. Russell 1000® Growth Index
3YR 5YR
Up Capture Ratio 93.48 99.85
Down Capture Ratio 88.20 96.93
STANDARD DEVIATION 3YR 5YR
VIT Forty Portfolio 16.89 15.49
Russell 1000® Growth Index 17.60 15.49
SHARPE RATIO 3YR 5YR
VIT Forty Portfolio 0.93 0.89
Russell 1000® Growth Index 0.88 0.86
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 05/31/2020)
% of Portfolio
Microsoft Corp 8.31
Amazon.com Inc 7.88
Mastercard Inc 6.15
Apple Inc 5.65
Alphabet Inc 5.01
Total 33.00
View full holdings
Portfolio Characteristics (As of 05/31/2020)
  PORTFOLIO INDEX
Number of Holdings
Equity Issues
40 532
Market Capitalization
Weighted Average
$457.98B $463.19B
Portfolio Turnover Rate
(1-year trailing)
41.55% -
Price/Earnings Ratio
(1-year forward)
39.04 33.34
Price/Book Ratio
(1-year forward)
11.98 10.67
Earnings Growth Rate
(1-year forward)
-1.63% -2.02%

Sector Allocation % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 05/31/2020)
Information Technology 38.97 40.17
Consumer Discretionary 15.20 14.82
Communication Services 14.16 11.91
Health Care 13.74 14.70
Industrials 5.39 7.57
Materials 3.10 1.26
Real Estate 3.09 2.33
Financials 2.50 2.89
Consumer Staples 1.93 4.19
Cash & Equivalents 1.92 -
Regional Allocations % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 05/31/2020)
North America 93.83 99.57
Europe 4.25 0.15
Cash & Equivalents 1.92 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF PORTFOLIO % OF INDEX % OF PORTFOLIO % OF INDEX (As of 05/31/2020)
Over $100B 70.21 62.31
$50B to $100B 13.37 14.55
$10B to $50B 11.52 19.13
$5B to $10B 2.98 3.10
Developed VS Emerging Markets % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 05/31/2020)
U.S. 93.83 99.57
Non-U.S. Developed 4.25 0.29
Cash & Equivalents 1.92 -

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