VIT U.S. Low Volatility Portfolio

Low-Volatility Approach to Large-Cap Equity Investing
NAV As of 08/16/19 $18.49

Jump to a section

Fund Facts

Details Performance (As of 08/16/19) Morningstar (As of 07/31/19)
09/06/12 Inception Date
$1.08B Total Net Assets (As of 07/31/19)
GROSS 0.82%
NET 0.82%
Annual Expense Ratio
(As of fiscal year end 12/31/18)
0.98% 1 Day Return
21.00% YTD Return
Category
Large Value
ic_star ic_star ic_star ic_star
1094 Funds Rated
Overall Rating
(Based on risk-adjusted returns)
LARGE VALUE
LARGE BLEND
LARGE GROWTH
MID VALUE
MID BLEND
MID GROWTH
SMALL VALUE
SMALL BLEND
SMALL GROWTH
Equity Style Box *
Important Morningstar Information

Overview

Client Commitment

An all-equity portfolio that targets returns similar to the S&P 500® Index with lower absolute volatility over a market cycle. Our active approach focuses on adding value by selecting stocks with unique volatility characteristics and low correlations to one another.

Why Invest in the Fund

    U.S. Equity Portfolio Targeting Low Volatility

  1. Engineered with the intent of providing a smoother path to long-term capital appreciation in U.S. large-cap equities. This portfolio targets returns similar to the S&P 500® Index with lower absolute volatility over a market cycle.
  2. 30+ Years of Volatility Research

  3. Intech® has pioneered a disciplined, repeatable and unemotional mathematical investment approach and provides style-consistent portfolios. Intech is one of the largest quantitative equity managers in the United States.
  4. Diversification

  5. Since Intech’s mathematical investment process is different than fundamental or quantitative equity strategies, returns may be less correlated, which may provide additional equity diversification in an overall portfolio.

Performance

RETURNS

(As of 06/30/2019)
(As of 07/31/2019)
Inception: Sep 06, 2012 3M YTD 1YR 3YR 5YR 10YR Since Inception
VIT U.S. Low Volatility Portfolio – SS Shares 5.03% 17.72% 15.02% 8.26% 9.90% - 12.01%
S&P 500® Index 4.30% 18.54% 10.42% 14.19% 10.71% 14.70% 13.48%
Inception: Sep 06, 2012 3M YTD 1YR 3YR 5YR 10YR Since Inception
VIT U.S. Low Volatility Portfolio – SS Shares 4.18% 19.88% 13.03% 8.67% 10.97% - 12.15%
S&P 500® Index 1.69% 20.24% 7.99% 13.36% 11.34% 14.03% 13.54%
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.
View Fees and Expenses

MORNINGSTAR PERCENTILE

(As of 06/30/2019)
(As of 07/31/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 2 87 5 - 17
Large Value Category
Rank/Count
11/1255 1037/1189 22/1107 -/- 138/1035
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 1 69 3 - 16
Large Value Category
Rank/Count
3/1244 809/1180 10/1100 -/- 118/1027

CALENDAR YEAR PERFORMANCE

RETURNS-BASED STATISTICS

(As of 07/31/19 SERVICE SHARES)

RISK / REWARD
VS. S&P 500® INDEX

3 YEAR 5 YEAR
Information Ratio -0.85 -0.05
Alpha -0.58 3.69
Tracking Error 5.51 6.70
Beta 0.70 0.63
R-Squared (%) 80.55 69.32

UP AND DOWN MARKET CAPTURE (%)
VS. S&P 500® INDEX

3 YEAR 5 YEAR
Up Capture Ratio 65.58 70.16
Down Capture Ratio 71.34 49.74

STANDARD DEVIATION

3 YEAR 5 YEAR
VIT U.S. Low Volatility Portfolio 9.48 9.07
S&P 500® Index 12.10 11.99

SHARPE RATIO

3 YEAR 5 YEAR
VIT U.S. Low Volatility Portfolio 0.76 1.11
S&P 500® Index 0.99 0.87

ANNUAL FEES & EXPENSES

(As of Fiscal Year End, 12/31/18)

SERVICE SHARES
Management Fees 0.50%
12b-1 Fees 0.25%
Other Expenses 0.07%
Total Gross Expenses 0.82%
Waivers 0.00%
Total Net Expenses 0.82%
Net expense ratios reflect the expense waiver, if any, contractually agreed to through 5/1/20.

Characteristics

Index represents the S&P 500® Index.

TOP HOLDINGS

(As of 07/31/2019)

AutoZone Inc
Consolidated Edison Inc
General Mills Inc
Hershey Co
Johnson & Johnson
Kimberly-Clark Corp
McDonald's Corp
Procter & Gamble Co
Southern Co
Walmart Inc
TOTAL 34.31

PORTFOLIO CHARACTERISTICS

(As of 07/31/19)

PORTFOLIO INDEX
Number of Holdings
Equity Issues
224
505
Market Capitalization
Weighted Average
$94.89B
$249.56B
Portfolio Turnover Rate
(1-year trailing)
17.19%
-
Price/Earnings Ratio
(1-year forward)
21.10
21.16
Price/Book Ratio
(1-year forward)
4.71
5.80
Earnings Growth Rate
(1-year forward)
4.30%
5.31%

DEVELOPED VS. EMERGING MARKET

(As of 07/31/19)

% OF PORTFOLIO % OF INDEX
U.S. 98.61 99.46
Non-U.S. Developed 0.68 0.54
Cash & Equivalents 0.71 -

SECTOR ALLOCATION

(As of 07/31/19)

% OF PORTFOLIO % OF INDEX
Consumer Staples 25.64 7.34
Utilities 18.90 3.25
Consumer Discretionary 12.57 10.15
Industrials 8.46 9.30
Financials 8.45 13.23
Health Care 7.55 13.77
Real Estate 5.81 3.06
Information Technology 4.97 21.83
Communication Services 2.55 10.45
Materials 2.23 2.74
Energy 2.16 4.88
Cash & Equivalents 0.71 -

MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS

(As of 07/31/2019)

% OF PORTFOLIO % OF INDEX
Over $100B 22.77 54.60
$25B to $100B 50.40 30.80
$15B to $25B 13.74 8.31
$2B to $15B 12.38 6.29

REGIONAL ALLOCATION

(As of 07/31/19)

% OF PORTFOLIO % OF INDEX
North America 98.61 99.46
Europe 0.68 0.54
Cash & Equivalents 0.71 -

Commentary & Literature