RCM Dynamic Multi-Asset Plus VIT Portfolio
Data updated: 2020-05-27
C000153540 — RCM Dynamic Multi-Asset Plus VIT Portfolio. Capital Appreciation / Growth Allocation · $22.57M AUM. Holdings, fees, performance and SEC filings.
C000153540 Fund Overview
RCM Dynamic Multi-Asset Plus VIT Portfolio is a US mutual fund managed by Premier Multi-Series VIT, categorised as Capital Appreciation / Growth Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Premier Multi-Series VIT
- Category: Capital Appreciation / Growth Allocation
- Assets under management: $22.57M
- SEC CIK: 0001551431
- SEC series ID: S000048747
- Share class ID: C000153540
C000153540 Investment Objective and Strategy
RCM Dynamic Multi-Asset Plus VIT Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Premier Multi-Series VIT.
Investment objective
The Portfolio seeks long term capital appreciation.
Principal investment strategy
The Portfolio seeks to achieve its investment objective through a combination of active allocation between asset classes and actively managed strategies within those asset classes. The Portfolio invests directly and indirectly in a globally diverse combination of equity securities, and U.S. dollar denominated fixed income securities, in each case including emerging market securities. The Portfolios baseline long-term asset allocation consists of 60% to equity exposure (the Equity Component) and 40% to fixed income exposure (the Fixed Income Component), which is also the allocation of the blended benchmark index against which the Portfolio is managed. The portfolio managers will typically over- or under-weight the Portfolio against this baseline long-term allocation, depending upon the portfolio managers views of the relative attractiveness of the investment opportunities available, which will change over time.
The Portfolio may invest significantly below its target with respect to the Equity Component and significantly above its target with respect to the Fixed Income Component. Under normal circumstances, the Portfolio will not invest more than 20% of its assets in any combination of the following asset classes: high yield debt (commonly known as junk bonds), bank loans, global bonds, emerging markets equities, emerging markets debt, Treasury Inflation-Protected Securities (TIPS) and real estate securities, including U.S. and non-U.S. real estate investment trusts (REITs). The Portfolio may either invest directly in these different asset classes or indirectly through derivatives and other instruments, such as through investments in mutual funds or exchange-traded funds (ETFs). Under normal circumstances, the Portfolio currently expects to obtain investment exposures primarily through indirect, passive instruments.
In making fixed-income investments, the portfolio managers are not subject to any restriction with respect to duration. Duration is a measure used to determine the sensitivity of a securitys price to changes in interest rates. The longer a securitys duration, the more sensitive it will be to changes in interest rates. The portfolio managers allocate the Portfolios investments among asset classes in response to changing market, economic, and political factors and events that the portfolio managers believe may affect the value of the Portfolios investments. The portfolio managers may adjust the Portfolios exposure to the Equity Component and the Fixed Income Component in response to momentum and momentum reversion signals as part of efforts to mitigate downside risk in times of severe market stress and to increase the return potential in favorable markets.
Momentum is the tendency of a performance trend to continue to move in the same direction. Momentum reversion is the tendency that a performance trend will ultimately change and move in an opposite direction. While the portfolio managers attempt to mitigate downside risk, there can be no assurance that the Portfolio will be successful in doing so. As an additional risk management measure, under normal circumstances the Portfolio will seek to maintain a one year annualized volatility level at or below 12% over a market cycle. Volatility is a statistical measure of risk relating to the magnitude of up and down fluctuations in the value of a financial instrument or index over time and typically results from rapid price swings. A higher volatility level indicates more frequent or rapid up and down fluctuations in the values of the Portfolios investments relative to a lower volatility level.
There can be no assurance that investment decisions made in seeking to manage Portfolio volatility will achieve the desired results. The Portfolios actual or realized volatility will be dependent on the market environment. The portfolio managers also apply fundamental analysis to adjust the Portfolios exposure to the asset classes that exhibit the strongest return prospects. The Portfolio may invest in securities of companies of any capitalization, including smaller capitalization companies. The Portfolio also may make investments intended to provide exposure to one or more securities indices, currencies, and real estate-related securities. The Portfolio may, at any time, invest in affiliated and unaffiliated funds and pooled investment vehicles. In implementing its investment strategies, the Portfolio may make substantial use of over-the-counter (OTC) or exchange-traded derivatives, including futures contracts, interest rate swaps, total return swaps, credit default swaps, currency forwards, and structured notes.
The Portfolio may use derivatives for a variety of purposes, including: as a hedge against adverse changes in the market price of securities, interest rates, or currency exchange rates; as a substitute for purchasing or selling securities; to increase the Portfolios return as a non-hedging strategy that may be considered speculative; and to manage portfolio characteristics. The Portfolio may maintain a significant percentage of its assets in cash and cash equivalents which will serve as margin or collateral for the Portfolios obligations under derivative transactions.
C000153540 Costs and Fees
C000153540 costs about $120 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.20%
- Gross expense ratio: 1.99%
- Portfolio turnover: 49%
- Brokerage commissions: 0.95 bps of average net assets (SEC N-CEN)
C000153540 Cashflows
Over the 12 months to 2020-03, RCM Dynamic Multi-Asset Plus VIT Portfolio had net inflows of $1.30M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-03 | $509.02K |
| 2020-02 | −$96.21K |
| 2020-01 | $110.10K |
| 2019-12 | $1.04M |
| 2019-11 | −$209.54K |
| 2019-10 | −$197.27K |
C000153540 Debt Constituents
No individual debt constituents are reported in RCM Dynamic Multi-Asset Plus VIT Portfolio's latest SEC N-PORT filing.
C000153540 Prospectus and SEC Filings
Official RCM Dynamic Multi-Asset Plus VIT Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2019-05-08
- Prospectus (485BPOS) — filed 2018-05-02
- Prospectus (485BPOS) — filed 2017-05-01
- Portfolio holdings (N-PORT) — filed 2020-05-27
- Portfolio holdings (N-PORT) — filed 2020-02-18
- Portfolio holdings (N-PORT) — filed 2019-11-26
- Annual census (N-CEN) — filed 2020-03-11
- Annual census (N-CEN) — filed 2019-03-12
Related Funds
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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.