Skip to main content.
Home / VIT / SGA International Growth Series
Variable Insurance Trust FundInternational/Global

SGA International Growth Series

Image specific to each asset class and market style grouping.
CUSIP
Total Assets by Fund
$
Total Assets by Class
$
Inception
Morningstar Category
Investment Overview

The Series offers investors exposure to international markets through companies that demonstrate strong, predictable, and sustainable growth potential. First-hand, team-based research aims to identify and invest in growth businesses with strong pricing power, repeatable revenues, long runways of growth, and financial and management strength.

Effective June 4, 2019, the Series' name and subadviser are changed. Performance prior to that date reflects that of the previous subadviser. Additionally, effective June 4, the Series' Index is the MSCI AC World ex USA Index (net), which is a free float-adjusted market capitalization-weighted index that measures equity performance of developed and emerging markets, excluding the United States. The index is calculated on a total return basis with net dividends reinvested. The index is unmanaged, its returns do not reflect any fees, expenses, or sales charges, and is not available for direct investment.

Management Team

Investment Partner

Sustainable Growth Advisers, LP.

Founded in 2003, Sustainable Growth Advisers is a growth equity manager focused on high-conviction U.S., global, emerging markets, and international large-cap portfolios.


Investment Professionals
Gordon Marchand
Gordon M. Marchand, CPA, CIC, CFA

Portfolio Manager and Analyst

Industry start date: 1984

Start date as fund Portfolio Manager: 2019

Show More
Tucker Brown
Tucker Brown

Portfolio Manager and Analyst

Industry start date: 1995

Start date as fund Portfolio Manager: 2019

Show More
Alexandra Lee
Alexandra Lee

Portfolio Manager and Analyst

Industry start date: 2000

Start date as fund Portfolio Manager: 2019

Show More
Key Features
Sustainable Growth

Searches for companies that offer strong, predictable, and sustainable growth

Benchmark Unconstrained

A high-conviction, concentrated portfolio that invests in response to opportunities, rather than index relative weights

Valuation Discipline

Manages price risk through application of valuation tools focused on cash flow

Portfolio Characteristics

Top Holdings (% Series)
(as of 03/29/2019)
Security
Broadcom Inc
4.55
 4.55%
Ping An Insurance Group Co of China Ltd
4.05
 4.05%
ASML Holding NV
3.80
 3.80%
Airbus SE
3.78
 3.78%
DBS Group Holdings Ltd
3.68
 3.68%
Ashtead Group PLC
3.51
 3.51%
Hitachi Ltd
3.36
 3.36%
Anhui Conch Cement Co Ltd
3.33
 3.33%
Nidec Corp
3.31
 3.31%
Banco Bradesco SA
3.29
 3.29%

Holdings are subject to change.

Characteristics4
(as of 03/29/2019)
Average Weighted Market Cap (billions) $47.42
Median Market Cap (billions) $28.35
Trailing P/E Ex-Negative Earnings 12.79
Price-to-Cash Flow 10.12
Price-to-Book Value 2.51
3-Year EPS Growth Rate 17.77
Sector Allocation (% Equity)
(as of 03/29/2019)
Top Countries (% Invested Assets)
(as of 03/29/2019)

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.
Foreign & Emerging Markets: Investing internationally, especially in emerging markets, involves additional risks such as currency, political, accounting, economic, and market risk.
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.
Geographic Concentration: A fund that focuses its investments in a particular geographic location will be highly sensitive to financial, economic, political, and other developments affecting the fiscal stability of that location.
Derivatives: Investments in derivatives such as futures, options, forwards, and swaps may increase volatility or cause a loss greater than the principal investment.
Prospectus: For additional information on risks, please see the fund's prospectus.

Documents & Resources

Marketing Materials
Virtus SGA International Growth Series Fact Sheet - A Shares
Virtus SGA International Growth Series Fact Sheet - I Shares
VVIT Capabilities
Holdings
Virtus Duff & Phelps International Series Country Weights
Virtus Duff & Phelps International Series Holdings Quarterly
Financial Materials
Virtus SGA International Growth Series Prospectus
Virtus SGA International Growth Series Class I Summary Prospectus
Virtus SGA International Growth Series Class A Summary Prospectus
Virtus Variable Insurance Trust SAI
Virtus Variable Insurance Trust Annual Report
Virtus Variable Insurance Trust Semiannual Report


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. Ratings do not take into account the effects of sales charges and loads.

© 2019 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.

Top