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For Financial Professionals in the US

VIT Global Technology and Innovation Portfolio

Our deep and experienced tech team seeks growth through innovation in this complex and dynamic sector

NAV
$20.36
As of 09/19/2024

1-Day Change
$0.57 (2.88%)
 As of 09/19/2024

YTD Return
26.77%
As of 09/19/2024

Morningstar Rating

As of 08/31/2024

Morningstar Medalist Rating ™

Bronze Morningstar Analyst Rating
As of 07/31/2024

Overview

ABOUT THIS PORTFOLIO

This global growth portfolio invests in companies that create and benefit from advances in technology. We invest in companies we believe to be resilient and also take smaller positions in companies that have optionality – meaning large potential upside under a specific scenario. The Portfolio seeks to provide strong long-term returns with volatility characteristics on par with its peers.

WHY INVEST IN THIS PORTFOLIO

Finding Growth Through Innovation

Technology is dramatically impacting every sector of the global economy. The Portfolio seeks to invest in growth companies driving this innovation or benefiting from advances in technology. Common characteristics of an investment include a culture of innovation, long-term focus and attractive relative valuation.

Dedicated Sector Experts

Our dedicated team of technology analysts is embedded deeply within the sector, approaching research as an industry participant. In this complex and rapidly growing sector, it is critical to have experienced investors working to evaluate the impact of disruptive technologies and actively aim to identify both winners and losers.

Deep and Disciplined

The Portfolio takes a thoughtful approach to portfolio construction as the managers invest in companies believed to be resilient, as well as smaller positions in companies that have optionality – meaning large potential upside under a specific scenario. Through deep research and disciplined portfolio construction, the Portfolio seeks to deliver strong, risk-adjusted returns over time.

PORTFOLIO MANAGEMENT

Denny Fish

Denny Fish

Portfolio Manager | Research Analyst

Industry since 2004. Joined Firm in 2016.

Jonathan Cofsky, CFA

Jonathan Cofsky, CFA

Portfolio Manager | Research Analyst

Industry since 2006. Joined Firm in 2014.

Performance

RETURNS (%) (As of 06/30/2024)
VIT Global Technology and Innovation Portfolio Service Class MSCI All Country World Information Technology IndexSM S&P 500® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/18/2000)
VIT Global Technology and Innovation Portfolio Service Class 9.14 27.15 42.20 8.45 19.99 19.11 6.91
MSCI All Country World Information Technology IndexSM 11.38 24.80 37.68 13.72 23.13 19.24 6.51
S&P 500® Index 4.28 15.29 24.56 10.01 15.04 12.86 7.56
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.

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

RETURNS (%) (As of 08/31/2024)
VIT Global Technology and Innovation Portfolio Service Class MSCI All Country World Information Technology IndexSM S&P 500® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/18/2000)
VIT Global Technology and Innovation Portfolio Service Class 5.93 25.72 38.10 6.16 19.58 18.71 6.81
MSCI All Country World Information Technology IndexSM 8.29 23.84 36.11 11.03 22.81 18.68 6.43
S&P 500® Index 7.39 19.53 27.14 9.38 15.91 12.98 7.67
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.

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

Calendar Year Returns (%)
VIT Global Technology and Innovation Portfolio Service Class MSCI All Country World Information Technology IndexSM
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
VIT Global Technology and Innovation Portfolio Service Class 54.27 -37.12 17.75 50.73 44.82 0.91 44.91 13.85 4.65 9.35
MSCI All Country World Information Technology IndexSM 51.02 -31.07 27.36 45.61 46.89 -5.81 41.77 12.20 3.20 15.20
Calendar Year Returns (%)
Year SERVICE USD (Net) MSCI ACWI/Information Technology NR Index US Fund Technology
2023 54.27 51.02
2022 -37.12 -31.07
2021 17.75 27.36
2020 50.73 45.61
2019 44.82 46.89
2018 0.91 -5.81
2017 44.91 41.77
2016 13.85 12.20
2015 4.65 3.20
2014 9.35 15.20
2013 35.39 26.51
2012 19.15 15.32
2011 -8.66 -4.43
2010 24.40 11.35
2009 56.90 58.13
2008 -43.97 -44.63
2007 21.70 13.62
2006 7.83 9.63
2005 11.55 6.83
2004 0.57 2.89
2003 46.47 48.03
2002 -40.93 -37.64
2001 -37.31 -28.10
2000 from 01/18/2000 -34.11 -39.99

MORNINGSTAR PERCENTILE

(As Of 06/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 12 29 32 32 38
Technology | Rank/Count 45/263 83/231 78/202 64/171 43/102
(As Of 08/31/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 10 31 32 30 38
Technology | Rank / Count 40/264 88/231 78/202 62/171 43/102

GROWTH OF A HYPOTHETICAL INVESTMENT

Global Technology and Innovation Portfolio - Service Shares MSCI All Country World Information Technology IndexSM Technology
Source: Morningstar, Inc.
This graph compares the performance of a hypothetical $1 investment in the fund, the fund’s Morningstar category average and its benchmark(s).

RETURNS-BASED STATISTICS (As of 08/31/2024 Inst Shares)

RISK / REWARD
VS. MSCI ACWI/Information Technology NR Index		 3YR 5YR
Information Ratio -0.74 -0.46
Alpha -4.19 -2.29
Tracking Error 5.61 5.19
Beta 1.01 1.00
R-squared (%) 94.91 94.77
UP/DOWN MARKET CAPTURE (%)
VS. MSCI ACWI/Information Technology NR Index		 3YR 5YR
Up Capture Ratio 92.73 93.92
Down Capture Ratio 104.90 101.41
STANDARD DEVIATION 3YR 5YR
Global Technology and Innovation Portfolio 25.05 22.93
MSCI ACWI/Information Technology NR Index 23.99 22.36
SHARPE RATIO 3YR 5YR
Global Technology and Innovation Portfolio 0.11 0.75
MSCI ACWI/Information Technology NR Index 0.30 0.90
ANNUAL FEES & EXPENSES (As of the most recent prospectus)
SERVICE SHARES
Management Fees 0.64%
12b-1 Fees 0.25%
Other Expenses 0.08%
Total Gross Expenses 0.97%
Waivers 0.00%
Total Net Expenses 0.97%

Net expense ratios reflect the expense waiver, if any, contractually agreed to for at least a one-year period commencing on April 29, 2024. This contractual waiver may be terminated or modified only at the discretion of the Portfolio's Board of Trustees.

Portfolio

Index represents the MSCI All Country World Information Technology Index℠.

Top Holdings (As of 08/31/2024)
% of Fund
NVIDIA Corp 12.16
Microsoft Corp 9.82
Taiwan Semiconductor Manufacturing Co Ltd 5.95
Apple Inc 5.33
ASML Holding NV 4.76
Alphabet Inc 3.94
Constellation Software Inc/Canada 3.41
Analog Devices Inc 2.45
Applied Materials Inc 2.40
Oracle Corp 2.39
TOTAL 52.61
View full holdings
Portfolio Characteristics (As of 08/31/2024)
  PORTFOLIO INDEX
Number of Holdings
Equity Issues		 70 326
Market Capitalization
Weighted Average		 $1,109.16B $1,647.58B
Portfolio Turnover Rate
(1-year trailing)		 32.15% -
Price/Earnings Ratio
(1-year forward)		 29.11 26.01
Price/Book Ratio
 10.57 8.02
Earnings Growth Rate
(1-year forward)		 26.43% 25.43%
Sector Allocation % of Fund % of Index % of Fund % of Index As of 08/31/2024
Regional Allocation % of Fund % of Index % of Fund % of Index As of 08/31/2024
Developed vs Emerging Markets % of Fund % of Index % of Fund % of Index As of 08/31/2024
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 08/31/2024

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