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Rampart Enhanced Core Equity Series

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CUSIP
Total Assets by Fund
$
Total Assets by Class
$
Inception
Morningstar Category
Product Overview

The Series offers exposure to U.S. equities with an investment objective of capital appreciation and current income. The Series seeks to achieve its investment objective of capital appreciation by investing in ETFs, and/or securities representing the S&P 500 and the primary sectors of the S&P 500® Index, and market segments that include low volatility and high beta securities. Allocations are based on a proprietary rules-based momentum model that looks to overweight sectors and market segments that experienced stronger recent relative-performance. Current income is achieved through an options strategy, utilizing index-based, out-of-the-money put and call credit spreads. The strategy is driven by implied volatility, as measured by the CBOE Volatility Index (VIX), and seeks to exploit pricing inefficiencies in the S&P 500® Index.

Effective September 7, 2016, this Series changed its strategy and subadviser to Rampart Investment Management. Performance and characteristics prior to that date were attained by the previous manager. Prior to October 11, 2016, this Series name was the Virtus Growth & Income Series. Effective April 28, 2017 this Series changed its name from the Virtus Enhanced Core Equity Series.

Management Team

Investment Partners

Rampart Investment Management Company, LLC

Rampart Investment Management, an investment management affiliate of Virtus Investment Partners, is one of the leading asset managers specializing in option strategies. A registered investment adviser since 1983, Rampart manages client positions and portfolios using domestic and international index and equity options.

Visit the Rampart Investment Management Company, LLC website
Portfolio Managers
Warun Kumar
Warun Kumar

Portfolio Manager

Industry start date: 1993

Start date with fund: 2016

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Michael Davis
Michael Davis

Portfolio Manager

Industry start date: 1999

Start date with fund: 2016

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Brendan Finneran
Brendan R. Finneran, CMT

Portfolio Manager

Industry start date: 2003

Start date with fund: 2016

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Robert Hofeman
Robert F. Hofeman, Jr.

Portfolio Manager

Industry start date: 2002

Start date with fund: 2016

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Portfolio Characteristics

Top Holdings (% Series)
(as of 09/29/2017)
Security
Apple Inc.
3.71
Powershares S&p 500 Low Volatility Portfolio
3.50
Microsoft Corporation
2.66
Facebook, Inc. Class A
1.87
Johnson & Johnson
1.63
Amazon.com, Inc.
1.60
Exxon Mobil Corporation
1.47
Berkshire Hathaway Inc. Class B
1.46
JPMorgan Chase & Co.
1.42
Alphabet Inc. Class A
1.34
Characteristics4
(as of 09/29/2017)
Average Weighted Market Cap (billions) $176.65
Median Market Cap (billions) $21.06
Trailing PE 20.21x
Price-to-Book Value 4.53
3-Year EPS Growth Rate 5.99
Sector Allocation (% Equity)
(as of 09/29/2017)

Performance & Risk

Growth of $10,000 Investment
From to

This chart assumes an initial investment of $10,000 made on for Class ddd shares including any applicable sales charges. Performance assumes reinvestment of dividends and capital gain distributions.

Performance
Quarterly
As of
Monthly
As of
YTD 3 Month 1 Year 3 Years 5 Years 10 Years Since Inception

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.

Sales Charge and Expenses
Risk Statistics3
(as of )
Fund Index
R2
Beta
Alpha
Std Dev
Risk Considerations
Equity Securities: The market price of equity securities may be adversely 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.
Call/Put Spreads: Buying and selling call and put option spreads on the SPX Index risks the loss of the premium when buying, can limit upside participation and increase downside losses.
Portfolio Turnover: The fund's principal investments strategies will result in a consistently high portfolio turnover rate. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account.
Fund of Funds: Because the fund can invest in other funds, it indirectly bears its proportionate share of the operating expenses and management fees of the underlying fund(s).
Industry/Sector Concentration: 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.
Prospectus: For additional information on risks, please see the fund's prospectus.

Documents & Resources

Marketing Materials
VIT Rampart Enhanced Core Equity Series Fact Sheet
Virtus Rampart Enhanced Core Equity Series Commentary
Virtus VIT Series New Account Application
VVIT Capabilities
Financial Materials
Virtus Rampart Enhanced Core Equity Series Prospectus
Virtus Rampart Enhanced Core Equity Series Summary Prospectus
Virtus Variable Insurance Trust XBRL 485B 04 25 2017
Virtus Variable Insurance Trust SAI
Virtus Variable Insuance Trust Annual Report
Virtus Variable Insurance Trust Semiannual Report
Holdings
Virtus Rampart Enhanced Core Equity Series Quarterly Holdings


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.

Morningstar Disclosures: 

The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

© 2017 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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.