Financial Professionals

Products & Performance | VIT | Premium AlphaSector® Series

Back to Products
Print

Investment Opportunity

The Virtus Premium AlphaSector® Series seeks to meet the real needs of individual investors by seeking to provide risk controls in down markets and enhanced alpha in up markets. The Series has an investment objective of long-term capital appreciation and seeks to deliver the returns of the Premium AlphaSector® Index (ASRP), a public index published by NASDAQ. ASRP strives to outperform the S&P 500® Index with lower volatility, low beta, and low correlation. The Index has the flexibility to invest in any combination of the nine sector ETFs, a combination of sector ETFs and short-term Treasuries, or 100% in short-term Treasuries. ASRP is comprised of the nine Select Sector SPDR exchange traded funds (ETFs), which represent the primary sectors of the S&P 500® Index, plus an ETF that represents short-term Treasuries.

The series may also invest in stocks of primarily large-cap issuers. The series may invest in a basket of securities to represent a sector if it determines that investment in the ETF for that sector is not feasible or otherwise not in the best interest of the series.

Fund Risks

The market price of equity securities may be affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small or medium-sized companies may enhance that risk.

A fund that focuses its investments in a particular industry or sector will be more sensitive to conditions that affect that industry or sector than a non-concentrated fund.

The value of an ETF may be more volatile than the underlying portfolio of securities the ETF is designed to track. The costs of owning the ETF may exceed the cost of investing directly in the underlying securities.

U.S. government securities may be subject to price fluctuations. An agency may default on an obligation not backed by the United States. Any guarantee on U.S. government securities does not apply to the value of the fund's shares.

The fund's exposure to different asset classes may not be optimal for market conditions at a given time. Asset allocation does not guarantee a profit or protect against a loss in declining markets.

Key Stats (as of 4/17/2014)

Inception: 2/14/2011
CUSIP: 92829L885
Net Assets by Fund: $24,043,449
Net Assets by Class: $23,910,400

Management Team

Howard Present
Howard Present F-Squared Institutional Advisors

Industry start date: 1988

Start date with Fund: 2011

Amy Robinson
Amy Robinson Euclid Advisors LLC

Industry start date: 1979

Start date with Fund: 2011

F-Squared Institutional Advisors

F-Squared strives to deliver long-term outperformance while attempting to avoid short-term performance disappointments. The firms innovative business model delivers scalable, transparent investment strategies and customizable capabilities to meet investor needs.

Euclid Advisors LLC

F-Squared leverages the trading and operational expertise of Euclid Advisors in the management of the AlphaSector Funds.

Morningstar Ratings

Overall Rating Non Load-Waived

As of 3/31/2014 the Fund was rated 3 stars out of 1361 funds within the Large Blend category for the 3-year period.

Strong ratings are not indicative of positive fund performance.

Average Annual Total Returns

Monthly Performance (%) (as of 3/31/2014)
  3 Mon. YTD 1YR 3YR 5YR 10YR Since Inception
NAV 1.43 1.43 18.27 11.27 NA NA 10.86
Quarterly Performance (%) (as of 3/31/2014)
  3 Mon. YTD 1YR 3YR 5YR 10YR Since Inception
NAV 1.43 1.43 18.27 11.27 NA NA 10.86
Index 1.81 1.81 21.86 14.66 21.16 7.42 NA

3 Mon., YTD and 1 Year performance is not annualized.

Index: S&P 500® Index
The S&P 500® Index is a free-float market capitalization-weighted index of 500 of the largest U.S. companies. The index is calculated on a total return basis with dividends reinvested. The index is unmanaged, its returns do not reflect any fees, expenses, or sales charges, and is not available for direct investment.

Sales Charge and Expense

Fund class operating expenses are 1.70% and gross operating expenses are 2.25%.

Operating expenses reflect a contractual expense reimbursement in effect through 04/30/2015.

Operating expenses do not include indirect expenses incurred by the underlying funds in which the Fund invests.

Risk Statistics3 (as of 3/31/2014)

  Fund Index
R2 0.70 1.00
Beta 0.62 1.00
Alpha 2.17 0.00
Std Dev 9.08 12.29
Index: S&P 500® Index

Daily Price (as of 4/17/2014)

NAV Change ($)
13.49 0.06

The investments for the Series are managed by the same portfolio manager(s) who manage one or more other funds that have similar names, investment objectives and investment styles as the Series. You should be aware that the Series is likely to differ from the other mutual funds in size, cash flow pattern and tax matters. Accordingly, the holdings and performance of the Series can be expected to vary from those of the other mutual funds.

Shares of the separate Series of Virtus Variable Insurance Trust are sold only through the currently effective prospectuses and are not available to the general public. Shares of the VIT Series may be purchased only by life insurance companies to be used with their separate accounts which fund variable annuity and variable life insurance policies or qualified retirement plans and are also available as an underlying investment fund for certain qualified retirement plans. The performance information for the Series does not reflect fees and expenses of the insurance companies. If such fees and expenses were deducted, performance would be lower.

Please carefully consider the investment objectives, risks, charges, and expenses of the Series before investing. For this and other information about any Virtus Variable Insurance Trust Series, call 1-800-367-5877 or visit Virtus.com for a prospectus and/or summary prospectus. Read it carefully before you invest or send money.


Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.

Returns for periods of less than one year are cumulative total returns.

1 Yields/Distributions: Distribution Yield (at NAV) is calculated by annualizing the latest month's distribution and dividing by the NAV on the last business day of the period. SEC Yield represents the net investment income earned by a fund over a 30-day period (7-day period for Money Market Funds), expressed as an annual percentage rate based on the fund's public offering share price at the end of the 30-day period (7-day period for Money Market Funds).

2 Distribution History: Distributions are represented on a cash basis and may be reclassified at year end for tax purposes. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. STCG: Short Term Capital Gain, LTCG: Long Term Capital Gain


3 Risk Statistics: R2 is a statistical measure that represents the percentage of a fund or security's movements that can be explained by movements in a benchmark index. Beta is a quantitative measure of the volatility of a given portfolio to the overall market. Alpha is a risk adjusted measure of an investment's excess return relative to a benchmark. A positive Alpha indicates that the investment produced a return greater than expected for the risk (as measured by Beta) taken. Standard Deviation measures variability of returns around the average return for an investment fund. Higher standard deviation suggests greater risk. Risk Statistics are calculated using 36 monthly returns.

4 Characteristics: For Equity Funds:Trailing P/E: Per-share stock price divided by the latest12-months Earnings per Share; Price/Cash Flow: Per-share stock price divided by the per-share operating cash flow; Price/Book: Per-share stock price divided by the latest 12-month per-share Book Value; 3-Year EPS Growth Rate: Average of earnings per share growth for latest 3-year period. The 3-Year EPS Growth Rate is not a forecast of the fund's performance.

Not insured by FDIC/NCUSIF or any federal government agency. No bank guarantee. Not a deposit. May lose value.

Distributed by VP Distributors, LLC, member FINRA and subsidiary of Virtus Investment Partners, Inc.