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For Financial Professionals in the US

VIT Enterprise Portfolio

A differentiated mid-cap growth strategy that takes a moderate approach to an asset class known for the potential for rapid growth

NAV
$76.36
As of 11/20/2024

1-Day Change
$0.61 (0.81%)
 As of 11/20/2024

YTD Return
17.79%
As of 11/20/2024

Morningstar Rating

As of 10/31/2024

Morningstar Medalist Rating ™

Bronze Morningstar Analyst Rating
As of 09/30/2024

Overview

About This Portfolio

By taking a moderate approach to an asset class with potential for rapid growth, this mid-cap growth fund has demonstrated lower volatility than the index. Unlike many competitor products that focus on short-term growth rates, this strategy seeks to invest in companies exhibiting sustainable and durable growth.

Why Invest in This Portfolio

Smart Growth Approach

The Portfolio’s investment approach focuses on long-duration, sustainable-growth companies with strong competitive advantages and large addressable markets. We seek to avoid companies with rapid but unsustainable, short-term growth profiles.

Deep, Specialized Team

The Portfolio benefits from experienced Portfolio Managers with expertise in mid-cap investing; in-depth fundamental research conducted by a dedicated team of experts exclusively focused on small-mid-cap companies; and the broader support of an insightful team of equity investment professionals.

Growth Potential with Tempered Volatility

The portfolio offers exposure to medium-size companies with resilient business models and is designed to weather a variety of market environments and take on moderately less risk than the index.

Portfolio Management

Brian Demain, CFA
Brian Demain, CFA

Portfolio Manager

Industry since 1999. Joined Firm in 1999.

Philip Cody Wheaton, CFA
Philip Cody Wheaton, CFA

Portfolio Manager | Research Analyst

Industry since 2001. Joined Firm in 2001.

Performance

RETURNS (%) (As of 09/30/2024)
VIT Enterprise Portfolio Service Class Russell Midcap® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/13/1993)
VIT Enterprise Portfolio Service Class 9.66 15.60 26.50 6.44 10.90 13.00 11.02
Russell Midcap® Growth Index 6.54 12.91 29.33 2.32 11.48 11.30 10.15
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 10/31/2024)
VIT Enterprise Portfolio Service Class Russell Midcap® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/13/1993)
VIT Enterprise Portfolio Service Class 1.73 13.42 34.44 4.45 10.53 12.43 10.92
Russell Midcap® Growth Index 7.75 14.88 38.67 0.61 11.45 11.19 10.18
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 Enterprise Portfolio Service Class Russell Midcap® Growth Index
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
VIT Enterprise Portfolio Service Class 17.78 -16.15 16.54 19.18 35.16 -0.66 27.09 12.10 3.77 12.24
Russell Midcap® Growth Index 25.87 -26.72 12.73 35.59 35.47 -4.75 25.27 7.33 -0.20 11.90
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.

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.

Morningstar Percentile

 (As of 09/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 43 9 41 8 14
Mid-Cap Growth | Rank/Count 228/531 43/522 185/498 37/455 18/127
 (As of 10/31/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 40 8 44 8 16
Mid-Cap Growth | Rank / Count 228/537 40/529 211/505 41/463 21/134

Returns-Based Statistics (As of 10/31/2024 Class SERVICE Shares)

RISK / REWARD
VS. Russell Mid Cap Growth TR Index		 3YR 5YR
Information Ratio 0.49 -0.07
Alpha 3.34 0.61
Tracking Error 8.31 8.28
Beta 0.82 0.86
R-squared (%) 85.47 85.87
UP/DOWN MARKET CAPTURE (%)
Russell Mid Cap Growth TR Index		 3YR 5YR
Up Capture Ratio 91.09 85.67
Down Capture Ratio 83.46 89.33
STANDARD DEVIATION 3YR 5YR
Enterprise Portfolio 18.54 20.16
Russell Mid Cap Growth TR Index 20.97 21.66
SHARPE RATIO 3YR 5YR
Enterprise Portfolio 0.05 0.41
Russell Mid Cap Growth TR Index -0.15 0.41
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%
Total Net Expenses 0.97%

Portfolio

Index represents the Russell MidCap® Growth Index.

Top Holdings (As of 10/31/2024)
% of Fund
Constellation Software Inc/Canada 4.69
GoDaddy Inc 3.80
SS&C Technologies Holdings Inc 3.05
Intact Financial Corp 3.05
Boston Scientific Corp 3.02
Teleflex Inc 2.63
Flex Ltd 2.59
Revvity Inc 2.40
W R Berkley Corp 2.19
Teledyne Technologies Inc 2.16
TOTAL 29.58
View full holdings
Portfolio Characteristics (As of 10/31/2024)
  PORTFOLIO INDEX
Number of Holdings
Equity Issues		 83 288
Market Capitalization
Weighted Average		 $27.82B $28.35B
Portfolio Turnover Rate
(1-year trailing)		 12.69% -
Price/Earnings Ratio
(1-year forward)		 18.94 25.74
Price/Book Ratio
 3.53 9.30
Earnings Growth Rate
(1-year forward)		 16.58% 20.33%
Sector Allocation % of Fund % of Index % of Fund % of Index As of 10/31/2024
Equity country, regional, sector and industry weights primarily based on MSCI and GICS classifications.
Regional Allocation % of Fund % of Index % of Fund % of Index As of 10/31/2024
Developed vs Emerging Markets % of Fund % of Index % of Fund % of Index As of 10/31/2024
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 10/31/2024

Documents

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