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
$13.85
As of 05/26/2023

1-Day Change
$0.42 (3.13%)
 As of 05/26/2023

YTD Return
33.05%
As of 05/26/2023

Morningstar Rating

As of 04/30/2023

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.

Performance

RETURNS (%) (As of 03/31/2023)
Global Technology and Innovation Portfolio - Class SS Shares S&P 500® Index MSCI All Country World Information Technology Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/18/2000)
Global Technology and Innovation Portfolio - Class SS Shares 21.90 21.90 -10.16 15.47 13.04 16.90 5.11
S&P 500® Index 7.50 7.50 -7.73 18.60 11.19 12.24 6.58
MSCI All Country World Information Technology Index 20.43 20.43 -7.49 21.27 15.60 17.19 -
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.

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

RETURNS (%) (As of 04/30/2023)
Global Technology and Innovation Portfolio - Class SS Shares S&P 500® Index MSCI All Country World Information Technology Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/18/2000)
Global Technology and Innovation Portfolio - Class SS Shares 7.12 19.98 3.24 9.90 12.92 16.64 5.02
S&P 500® Index 2.72 9.17 2.66 14.52 11.45 12.20 6.63
MSCI All Country World Information Technology Index 8.33 19.65 4.14 16.11 15.53 16.94 -
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.

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

Calendar Year Returns (%)
Global Technology and Innovation Portfolio - Class SERVICE Shares MSCI All Country World Information Technology Index
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Global Technology and Innovation Portfolio - Class SERVICE Shares -37.12 17.75 50.73 44.82 0.91 44.91 13.85 4.65 9.35 35.39
MSCI All Country World Information Technology Index -31.07 27.36 45.61 46.89 -5.81 41.77 12.20 3.20 15.20 26.51

MORNINGSTAR PERCENTILE

(As Of 03/31/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 37 51 32 34 45
Technology | Rank/Count 83/275 105/226 69/202 66/179 55/110
(As Of 04/30/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 18 44 29 34 45
Technology | Rank / Count 47/274 96/225 64/201 66/178 55/110

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

RISK / REWARD
VS. MSCI All Country World Information Technology Index		 3YR 5YR
Information Ratio -1.04 -0.44
Alpha -5.12 -1.88
Tracking Error 5.71 5.37
Beta 1.01 1.00
R-squared (%) 94.50 94.57
UP/DOWN MARKET CAPTURE (%)
VS. MSCI All Country World Information Technology Index		 3YR 5YR
Up Capture Ratio 89.64 92.35
Down Capture Ratio 105.34 98.21
STANDARD DEVIATION 3YR 5YR
Global Technology and Innovation Portfolio 24.35 23.04
MSCI All Country World Information Technology Index 23.52 22.48
SHARPE RATIO 3YR 5YR
Global Technology and Innovation Portfolio 0.37 0.51
MSCI All Country World Information Technology Index 0.64 0.63
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 12/31/2022)
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 28, 2023. This contractual waiver may be terminated or modified only at the discretion of the Portfolio's Board of Trustees.

 

GROWTH OF A HYPOTHETICAL INVESTMENT
Source: Morningstar, Inc.
This graph compares the performance of a hypothetical $10,000 investment in the fund, the fund’s Morningstar category average and its benchmark(s).

Portfolio

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

Top Holdings (As of 04/30/2023)
% of Portfolio
Microsoft Corp 12.25
Apple Inc 6.79
ASML Holding NV 6.23
Mastercard Inc 4.63
NVIDIA Corp 4.11
Workday Inc 3.98
CoStar Group Inc 3.13
Lam Research Corp 3.07
Advanced Micro Devices Inc 2.96
Taiwan Semiconductor Manufacturing Co Ltd 2.81
Total 49.96
View full holdings
Portfolio Characteristics (As of 04/30/2023)
  PORTFOLIO INDEX
Number of Holdings
Equity Issues		 64 352
Market Capitalization
Weighted Average		 $646.45B $1,017.86B
Portfolio Turnover Rate
(1-year trailing)		 42.44% -
Price/Earnings Ratio
(1-year forward)		 27.65 22.87
Price/Book Ratio
 8.00 5.91
Earnings Growth Rate
(1-year forward)		 18.81% 10.65%
Sector Allocation % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 04/30/2023)
Regional Allocation % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 04/30/2023)
Market Capitalization Range of Equity Holdings % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 04/30/2023)
Developed vs Emerging Markets % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 04/30/2023)

Documents

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