VT Discovery Fund
Data updated: 2026-08-26
C000019816 — VT Discovery Fund. United States Mid Cap Growth Equity · $159.89M AUM · 1.13% expense ratio. Holdings, fees, performance and SEC filings.
C000019816 Fund Overview
VT Discovery Fund is a US mutual fund managed by Wells Fargo Variable Trust, categorised as United States Mid Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Wells Fargo Variable Trust
- Category: United States Mid Cap Growth Equity
- Assets under management: $159.89M
- 1-year return: 34.7%
- SEC CIK: 0001081402
- SEC series ID: S000007218
- Share class ID: C000019816
C000019816 Investment Objective and Strategy
VT Discovery Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Wells Fargo Variable Trust.
Investment objective
The Fund seeks long-term capital appreciation.
Principal investment strategy
Under normal circumstances, we invest: at least 80% of the Funds net assets in equity securities of small- and medium-capitalization companies; and up to 25% of the Funds total assets in equity securities of foreign issuers through ADRs and similar investments. We invest in equity securities of small- and medium-capitalization companies that we believe offer favorable opportunities for growth. We define small- and medium capitalization companies as those with market capitalizations at the time of purchase equal to or lower than the company with the largest market capitalization in the Russell Midcap Index, which was approximately $ 109.86 billion as of March 31, 2026, and is expected to change frequently. We may also invest in equity securities of foreign issuers through ADRs and similar investments.
We seek to identify companies that have the prospect for robust sales and earnings growth rates, that enjoy a competitive advantage and that we believe have effective management with a history of making investments that are in the best interests of shareholders. Furthermore, we seek to identify companies that embrace innovation and foster disruption using technology to maximize efficiencies, gain pricing advantages, and take market share from competitors. We believe innovation found in companies on the right side of change are benefiting from technological, demographic, lifestyle and environmental trends, and are often mispriced in todays public equity markets. This mispricing is a key inefficiency that the team seeks to exploit through intensive fundamental research. We pay particular attention to how management teams allocate capital in order to drive future cash flow; this includes the allocation of human capital, financial capital, and social capital.
We believe successful allocation of such resources has a correlation with key indicators of future performance. Price objectives are determined based on industry-specific valuation methodologies, including relative price-to-earnings multiples, price-to-book value, operating profit margin trends, enterprise value to EBITDA (earnings before interest, taxes, depreciation and amortization) and free cash flow yield. Portfolio holdings are continuously monitored for changes in fundamentals. The team seeks a favorable risk/reward relationship to fair valuation, which we define as the value of the company (i.e., our price target for the stock) relative to where the stock is currently trading. We may invest in any sector, and at times the Fund may emphasize one or more particular sectors. We may choose to sell a holding when it no longer offers favorable growth prospects, reaches our target price, or to take advantage of a better investment opportunity.
C000019816 Holdings
Top 10 holdings of VT Discovery Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Carpenter Technology Corp | 3.00% |
| Guardant Health Inc | 2.52% |
| MACOM Technology Solutions Holdings Inc | 2.50% |
| Viavi Solutions Inc | 2.50% |
| Affirm Holdings Inc | 2.33% |
| Allspring Government Money Mar | 2.27% |
| Modine Manufacturing Co | 2.19% |
| Xometry Inc | 2.02% |
| Talen Energy Corp | 2.00% |
| Casella Waste Systems Inc | 1.97% |
C000019816 Portfolio Allocation
Asset-class allocation of VT Discovery Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.8% |
| Cash & Equivalents | 2.3% |
C000019816 Performance
Total returns for C000019816 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 30.6% |
| 1 year | 34.7% |
| 3 years (annualised) | 18.3% |
| 5 years (annualised) | 14.6% |
C000019816 Risk Information
Risk metrics for C000019816, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.6%
C000019816 Costs and Fees
C000019816 costs about $113 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.13%
- Gross expense ratio: 1.13%
- Portfolio turnover: 73%
- Brokerage commissions: 5.74 bps of average net assets (SEC N-CEN)
C000019816 Cashflows
Over the 12 months to 2026-06, VT Discovery Fund had net outflows of $12.48M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$1.61M |
| 2026-05 | −$1.50M |
| 2026-04 | −$1.58M |
| 2026-03 | −$737.71K |
| 2026-02 | −$734.75K |
| 2026-01 | −$1.07M |
C000019816 Debt Constituents
No individual debt constituents are reported in VT Discovery Fund's latest SEC N-PORT filing.
C000019816 Prospectus and SEC Filings
Official VT Discovery Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-23
- Prospectus (485BPOS) — filed 2025-04-23
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-27
- Portfolio holdings (N-PORT) — filed 2026-02-25
- Annual census (N-CEN) — filed 2026-03-04
- Annual census (N-CEN) — filed 2025-03-07
Related Funds
Other United States Mid Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.