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
$40.43
As of 12/04/2023

1-Day Change
-$0.33 (-0.81%)
 As of 12/04/2023

YTD Return
32.73%
As of 12/04/2023

Morningstar Medalist Rating ™

Bronze Morningstar Analyst Rating
As of 10/31/2023

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

Doug Rao

Portfolio Manager

Industry since 1998. Joined Firm in 2013.

Nick Schommer, CFA

Nick Schommer, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2013.

Brian Recht

Brian Recht

Portfolio Manager | Research Analyst

Industry since 2011. Joined Firm in 2015.

Performance

RETURNS (%) (As of 09/30/2023)
VIT Forty Portfolio Service Class Russell 1000® Growth Index Russell 1000® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/01/1997)
VIT Forty Portfolio Service Class -3.00 22.84 30.18 3.63 10.07 13.13 11.34
Russell 1000® Growth Index -3.13 24.97 27.72 7.97 12.41 14.48 8.97
Russell 1000® Growth Index -3.13 24.97 27.72 7.97 12.41 14.48 8.97
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.
High absolute short-term performance is not typical and may not be achieved in the future. Such results should not be the sole basis for evaluating material facts in making an investment decision.

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 10/31/2023)
VIT Forty Portfolio Service Class Russell 1000® Growth Index S&P 500® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/01/1997)
VIT Forty Portfolio Service Class -8.69 20.38 21.13 3.78 11.88 12.56 11.22
Russell 1000® Growth Index -7.62 23.19 18.95 8.70 14.21 13.82 8.88
S&P 500® Index -8.25 10.69 10.14 10.36 11.01 11.17 8.44
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.
High absolute short-term performance is not typical and may not be achieved in the future. Such results should not be the sole basis for evaluating material facts in making an investment decision.

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 (%)
VIT Forty Portfolio Service Class Russell 1000® Growth Index
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
VIT Forty Portfolio Service Class -33.72 22.60 39.03 36.85 1.71 29.99 1.94 11.93 8.46 30.88
Russell 1000® Growth Index -29.13 27.59 38.49 36.38 -1.51 30.21 7.07 5.66 13.04 33.48

MORNINGSTAR PERCENTILE

(As Of 09/30/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 14 67 39 22 6
Large Growth | Rank/Count 145/1218 734/1153 377/1102 223/1015 20/501
(As Of 11/30/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 32 67 33 22 6
Large Growth | Rank / Count 374/1224 741/1159 360/1105 220/1019 20/500

RETURNS-BASED STATISTICS (As of 10/31/2023 Inst Shares)

RISK / REWARD
VS. Russell 1000 Growth TR Index		 3YR 5YR
Information Ratio -1.00 -0.48
Alpha -4.26 -1.48
Tracking Error 4.27 3.77
Beta 0.99 0.97
R-squared (%) 95.81 96.69
UP/DOWN MARKET CAPTURE (%)
VS. Russell 1000 Growth TR Index		 3YR 5YR
Up Capture Ratio 88.17 92.10
Down Capture Ratio 103.67 98.69
STANDARD DEVIATION 3YR 5YR
Forty Portfolio 21.04 20.62
Russell 1000 Growth TR Index 20.71 20.84
SHARPE RATIO 3YR 5YR
Forty Portfolio 0.10 0.50
Russell 1000 Growth TR Index 0.32 0.59
ANNUAL FEES & EXPENSES (As of the most recent prospectus)
SERVICE SHARES
Management Fees 0.48%
12b-1 Fees 0.25%
Other Expenses 0.07%
Total Gross Expenses 0.80%
Total Net Expenses 0.80%

Portfolio

Index represents the Russell 1000® Growth Index.

Top Holdings (As of 10/31/2023)
% of Portfolio
Microsoft Corp 11.89
Amazon.com Inc 6.53
Apple Inc 6.41
Mastercard Inc 5.78
Meta Platforms Inc 5.26
Alphabet Inc 4.81
NVIDIA Corp 4.31
Workday Inc 3.80
UnitedHealth Group Inc 3.77
Deere & Co 2.75
Total 55.31
View full holdings
Portfolio Characteristics (As of 10/31/2023)
  PORTFOLIO INDEX
Number of Holdings
Equity Issues		 39 444
Market Capitalization
Weighted Average		 $804.75B $959.14B
Portfolio Turnover Rate
(1-year trailing)		 39.28% -
Price/Earnings Ratio
(1-year forward)		 23.31 23.44
Price/Book Ratio
 6.96 9.94
Earnings Growth Rate
(1-year forward)		 20.85% 19.89%
Sector Allocation % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 10/31/2023)
Equity country, regional, sector and industry weights primarily based on MSCI and GICS classifications.
Regional Allocation % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 10/31/2023)
Market Capitalization Range of Equity Holdings % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 10/31/2023)
Developed vs Emerging Markets % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 10/31/2023)

Documents

Related Insights

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