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Virtus Variable Insurance Trust
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Registration Nos. 811-04642 and 33-05033
(Name of Registrant as Specified in Its Charter/Declaration of Trust) |
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N/A
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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Registration
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Valid Signature
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Corporate Accounts | | | ||
(1)
ABC Corp.
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| | ABC Corp. | |
(2)
ABC Corp.
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| | John Doe, Treasurer | |
(3)
ABC Corp. c/o John Doe, Treasurer
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| | John Doe | |
(4)
ABC Corp. Profit Sharing Plan
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| | John Doe, Trustee | |
Trust Accounts | | | ||
(1)
ABC Trust
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| | Jane B. Doe, Trustee | |
(2)
Jane B. Doe, Trustee u/t/d 12/28/78
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| | Jane B. Doe | |
Custodial or Estate Accounts | | | ||
(1)
John B. Smith, Cust. f/b/o
John B. Smith, Jr. UGMA
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| | John B. Smith |
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(2)
Estate of John B. Smith
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| | John B. Smith, Jr., Executor |
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Series
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Class A
Shares |
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Class I
Shares |
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Virtus Capital Growth Series
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| | | | 8,218,390.541 | | | | | | N/A | | |
Virtus Equity Trend Series
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| | | | 659,151.173 | | | | | | 10,758.613 | | |
Virtus Growth & Income Series
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| | | | 7,789,384.292 | | | | | | N/A | | |
Virtus International Series
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| | | | 14,419,779.422 | | | | | | 6,248.522 | | |
Virtus Multi-Sector Fixed Income Series
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| | | | 14,998,645.125 | | | | | | 24,481.929 | | |
Virtus Real Estate Securities Series
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| | | | 3,703,356.044 | | | | | | 5,398.715 | | |
Virtus Small-Cap Growth Series
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| | | | 2,892,596.039 | | | | | | 9,491.591 | | |
Virtus Small-Cap Value Series
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| | | | 5,860,130.674 | | | | | | N/A | | |
Virtus Strategic Allocation Series
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| | | | 8,389,217.808 | | | | | | N/A | | |
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Independent Nominees
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Name and
Age |
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Position
with the Trust |
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Length
of Time Served |
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Principal Occupation(s)
During Past 5 Years |
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Number
of Portfolios in Trust Complex Overseen by Trustee or Nominee |
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Other Directorships Held by
Trustee or Nominee |
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| | Donald C. Burke 55 |
| | | Nominee | | | | N/A | | | | Retired. | | | |
4
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| | | Director (since 2014), closed-end funds managed by Duff & Phelps Investment Management Co. (4 portfolios); Director (since 2011), Avista Corp. (energy company); and Trustee (2010 to 2014), Goldman Sachs Fund Complex. | | |
| | James M. Oates 69 |
| | | Nominee | | | | N/A | | | | Managing Director (since 1994), Wydown Group (consulting firm). | | | |
62
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| | | Trustee (since 1987), Virtus Mutual Fund Complex (52 portfolios); Director (since 1996), Stifel Financial; Director (1998 to 2014), Connecticut River Bancorp; Chairman and Director (1999 to 2014), Connecticut River Bank; Chairman (since 2000), Emerson Investment Management, Inc.; Director (2002 to 2014), New Hampshire Trust Company; Chairman and Trustee (since 2005), John Hancock Fund Complex (228 portfolios); Non-Executive Chairman (since 2007), Hudson Castle Group, Inc. (formerly IBEX Capital Markets, Inc.) (financial services); Trustee/Director (since 2013), Virtus Closed-End Funds (3 portfolios); and Trustee (since 2013), Virtus Alternative Solutions Trust (7 portfolios). | | |
| | Richard E. Segerson 69 |
| | | Nominee | | | | N/A | | | | Retired. | | | |
52
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| | | Trustee (since 1983), Virtus Mutual Fund Complex (52 portfolios); and Managing Director (1998 to 2013), Northway Management Company. | | |
| | Ferdinand L. J. Verdonck 73 |
| | | Nominee | | | | N/A | | | | Director (1998 to 2015), The J.P. Morgan Continental European Investment Trust; Director (2005 to 2013), Galapagos N.V. (biotechnology); Director (1998 to 2015), Groupe SNEF; Vice Chairman (since 2014), Affirmed Therapeutics (biotechnology); and Mr. Verdonck is also a director of several non-U.S. companies. | | | |
52
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| | | Trustee (since 2002), Virtus Mutual Fund Complex (52 portfolios). | | |
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Independent Trustees
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Name and
Age |
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Position
with the Trust |
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Length
of Time Served |
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Principal Occupation(s)
During Past 5 Years |
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Number
of Portfolios in Trust Complex Overseen by Trustee or Nominee |
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Other Directorships Held by
Trustee or Nominee |
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| | Thomas J. Brown 70 |
| | | Trustee | | | | Served since 2011 | | | | Retired. | | | |
9
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| | | Director (since 2005), VALIC Company Funds (49 portfolios); and Director (since 2010), D’Youville Senior Care Center. | | |
| | Roger A. Gelfenbien 72 |
| | | Trustee | | | | Served since 2000 | | | | Retired. | | | |
9
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| | | Director (since 1999), USAllianz Variable Insurance Product Trust (42 portfolios). | | |
| | John R. Mallin 65 |
| | | Trustee | | | | Served since 1999 | | | | Partner/Attorney (since 2003), McCarter & English LLP Real Property Practice Group. | | | |
9
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| | | Director (since 2013), Horizon, Inc. (non-profit); and Director and Past President (1991 to 2010), Connecticut River Council, BSA, Inc.; President and Director, Connecticut Down Syndrome Congress; Director, Hartford Ballet, Inc.; Director, Business for Downtown Hartford, Inc.; Director, HARC, Inc.; and Member (since 2014), Counselors of Real Estate. | | |
| | Hassell H. McClellan 70 |
| | | Trustee | | | | Served since 2008 | | | | Retired. Professor (1984 to 2013), Wallace E. Carroll School of Management, Boston College. | | | |
61
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| | | Trustee, (since 2000), John Hancock Fund Complex (228 portfolios); Director (since 2010), Barnes Group, Inc. (diversified global components manufacturer and logistical services company); and Trustee (since 2015), Virtus Mutual Fund Complex (52 portfolios). | | |
| | Philip R. McLoughlin 69 |
| | | Chairman/ Trustee | | | | Served since 2003 | | | | Partner (2006 to 2012), Cross Pond Partners, LLC (investment management consultant); and Managing Director (2009 to 2010), SeaCap Partners, LLC (investment management). | | | |
76
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| | | Director (since 1991) and Chairman (since 2010), World Trust Fund (closed-end investment firm in Luxembourg); Director (since 1995), closed-end funds managed by Duff & Phelps Investment Management Co. (4 portfolios); Chairman (since 2002) and Trustee (since 1989), Virtus Mutual Fund Complex (52 portfolios); Trustee/Director and Chairman (since 2011), Virtus Closed-End Funds (3 portfolios); and Trustee and Chairman (since 2013), Virtus Alternative Solutions Trust (7 portfolios). | | |
| | Geraldine M. McNamara 64 |
| | | Trustee | | | | Served since 2015 | | | | Retired. | | | |
65
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| | | Trustee (since 2001), Virtus Mutual Fund Complex (52 portfolios); and Director (since 2003), closed-end funds managed by Duff & Phelps Investment Management Co. (4 portfolios). | | |
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Interested Trustee
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Name and
Age |
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Position
with the Trust |
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Length
of Time Served |
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Principal Occupation(s)
During Past 5 Years |
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Number
of Portfolios in Trust Complex Overseen by Trustee or Nominee |
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Other Directorships Held by
Trustee or Nominee |
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| | George R. Aylward1 51 |
| | | Trustee; President | | | | President since 2010; Trustee since 2012 | | | | Director, President and Chief Executive Officer (since 2008), Virtus Investment Partners, Inc. and/or certain of its subsidiaries; and various senior officer positions with Virtus affiliates (since 2005). | | | |
73
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| | | Trustee (since 2006), Virtus Mutual Funds (52 portfolios); Chairman, President and Chief Executive Officer (since 2006), The Zweig Closed-End Funds (2 portfolios); Trustee/Director and President (since 2011), Virtus Closed-End Funds (3 portfolios); Director (since 2013), Virtus Global Funds, PLC; and Trustee (since 2013), Virtus Alternative Solutions Trust (7 portfolios). | | |
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Name and
Age |
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Position with the Trust
and Length of Time Served |
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Principal Occupation(s)
During Past 5 Years |
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Number
of Portfolios in Trust Complex Overseen by Trustee |
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Other
Directorships Held by Trustee |
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| | W. Patrick Bradley 43 |
| | | Senior Vice President (since 2013); Vice President (2011 to 2013), Chief Financial Officer and Treasurer (since 2004) | | | | Senior Vice President, Fund Services (since 2010), Virtus Investment Partners, Inc. and/or certain of its subsidiaries; various officer positions (since 2006) with Virtus affiliates; Senior Vice President (since 2013), Vice President (2011 to 2013), Chief Financial Officer and Treasurer (since 2006), Virtus Mutual Fund Complex; Senior Vice President (since 2013), Vice President (2012 to 2013) and Treasurer (Chief Financial Officer) (since 2007), The Zweig Closed-End Funds; Senior Vice President (since 2013), Vice President (2011 to 2013), Chief Financial Officer and Treasurer (since 2011), Virtus Closed-End Funds; Vice President and Assistant Treasurer (since 2011), Duff & Phelps Global Utility Income Fund Inc.; Director (since 2013), Virtus Global Funds, PLC; and Senior Vice President, Chief Financial Officer and Treasurer (since 2013), Virtus Alternative Solutions Trust. | | | |
N/A
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| | | N/A | | |
| | Jennifer S. Fromm 42 |
| | | Vice President, Chief Legal Officer and Secretary (since 2013) | | | | Senior Counsel (since 2007) and Vice President, Legal (since 2016), Virtus Investment Partners, Inc. and/or certain of its subsidiaries; Assistant Secretary (since 2008), Virtus Mutual Funds Complex; and Vice President, Chief Legal Officer, and Secretary (since 2013), Virtus Alternative Solutions Trust. | | | |
N/A
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| | | N/A | | |
| | Nancy J. Engberg 59 |
| | | Vice President (since 2010), Chief Compliance Officer (since 2011) | | | | Vice President (since 2008) and Chief Compliance Officer (since 2016 and 2008 to 2011), Virtus Investment Partners, Inc. and/or certain of its subsidiaries; various officer positions (since 2003) with Virtus affiliates; Vice President and Chief Compliance Officer (since 2011), Virtus Mutual Fund Complex; Vice President and Chief Compliance Officer (since 2011), Virtus Closed-End Funds; Vice President and Chief Compliance Officer (since 2012), The Zweig Closed-End Funds; Vice President and Chief Compliance Officer (since 2013), Virtus Alternative Solutions Trust; Chief Compliance Officer (since 2015), ETF Series Trust I; and Chief Compliance Officer (since 2015), Virtus ETF Trust II. | | | |
N/A
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| | | N/A | | |
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Name and
Age |
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Position with the Trust
and Length of Time Served |
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Principal Occupation(s)
During Past 5 Years |
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Number
of Portfolios in Trust Complex Overseen by Trustee |
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Other
Directorships Held by Trustee |
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| | Francis G. Waltman 53 |
| | | Executive Vice President (since 2013), Senior Vice President (2010 to 2013) | | | | Executive Vice President, Product Development (since 2009), Virtus Investment Partners, Inc. and/or certain of its subsidiaries; various senior officer positions (since 2006) with Virtus affiliates; Executive Vice President (since 2013), Senior Vice President (2008 to 2013), Virtus Mutual Fund Complex; Executive Vice President (since 2013), Senior Vice President (2011 to 2013), Virtus Closed-End Funds; Director (since 2013), Virtus Global Funds PLC; and Executive Vice President (since 2013), Virtus Alternative Solutions Trust. | | | |
N/A
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Name
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Aggregate
Compensation From the Trust |
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Total
Compensation From the Trust Complex Paid to Trustees |
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Independent Trustees | | | | ||||||||||
Thomas J. Brown
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| | | $ | 90,000 | | | | | $ | 90,000 | | |
Roger A. Gelfenbien
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| | | | 84,000 | | | | | | 84,000 | | |
John R. Mallin
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| | | | 86,000 | | | | | | 86,000 | | |
Hassell H. McClellan
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| | | | 90,000 | | | | | | 347,000 | | |
Philip R. McLoughlin
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| | | | 114,000 | | | | | | 752,783 | | |
Geraldine M. McNamara
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| | | | 71,406 | | | | | | 415,906 | | |
Interested Trustee | | | | ||||||||||
George R. Aylward
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| | | | None | | | | | | None | | |
TOTAL
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| | | $ | 535,406 | | | | | $ | 1,775,689 | | |
Name of Trustee or Nominee
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Name of
Series |
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Dollar Range of
Equity Securities in the Series |
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Dollar Range of
Equity Securities in all Funds Overseen or to be Overseen by Trustee or Nominee in Family of Investment Companies |
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Independent Trustees/Nominees | | | | | ||||||||||||
Thomas J. Brown
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| | | | None | | | | | | None | | | |
None
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Donald C. Burke
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| | | | None | | | | | | None | | | |
None
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Roger A. Gelfenbien
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| | | | None | | | | | | None | | | |
Over $100,000
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John R. Mallin
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| | | | None | | | | | | None | | | |
None
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Hassell H. McClellan
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| | | | None | | | | | | None | | | |
None
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Philip R. McLoughlin
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| | | | None | | | | | | None | | | |
Over $100,000
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Geraldine M. McNamara
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| | | | None | | | | | | None | | | |
Over $100,000
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James M. Oates
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| | | | None | | | | | | None | | | |
Over $100,000
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Richard E. Segerson
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| | | | None | | | | | | None | | | |
Over $100,000
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Ferdinand L. J. Verdonck
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| | | | None | | | | | | None | | | |
Over $100,000
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Interested Trustee | | | | | ||||||||||||
George R. Aylward
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| | | | None | | | | | | None | | | |
Over $100,000
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2014
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2015
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Audit Fees
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| | | $ | 209,510 | | | | | $ | 209,510 | | |
Audit-Related Fees
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| | | $ | 41,344 | | | | | $ | 44,907 | | |
Tax Fees
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| | | $ | 30,375 | | | | | $ | 31,000 | | |
All Other Fees
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| | | $ | 0 | | | | | $ | 0 | | |
Fiscal Year Ended December 31
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Aggregate Non-Audit
Fees Billed |
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2014
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| | | $ | 430,462 | | |
2015
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| | | $ | 550,983 | | |
Name and Address
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Name of Series
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Percentage
of Class Outstanding (%) |
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JEFFERSON NATIONAL LIFE INS CO
C/O CARLA HIGGS 10350 ORMSBY PARK PL STE 600 LOUISVILLE KY 40223 |
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VIRTUS EQUITY TREND SERIES-CLASS A
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| | | | 55.42% | | |
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VIRTUS REAL ESTATE SECURITIES SERIES-CLASS A
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| | | | 5.04% | | | ||
PHL VARIABLE INSURANCE CO
PHLVIC C/O PETER HOSNER 31 TECH VALLEY DR EAST GREENBUSH NY 12061-4134 |
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VIRTUS CAPITAL GROWTH SERIES-CLASS A
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| | | | 16.63% | | |
| VIRTUS GROWTH AND INCOME SERIES-CLASS A | | | | | 45.98% | | | ||
| VIRTUS INTERNATIONAL SERIES-CLASS A | | | | | 70.57% | | | ||
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VIRTUS MULTI-SECTOR FIXED INCOME SERIES-CLASS A
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| | | | 55.16% | | | ||
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VIRTUS REAL ESTATE SECURITIES SERIES-CLASS A
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| | | | 57.08% | | | ||
| VIRTUS SMALL-CAP GROWTH SERIES-CLASS A | | | | | 37.83% | | | ||
| VIRTUS SMALL-CAP VALUE SERIES-CLASS A | | | | | 62.99% | | | ||
| VIRTUS STRATEGIC ALLOCATION SERIES-CLASS A | | | | | 17.50% | | | ||
PHOENIX LIFE
INSURANCE CO PLIC C/O PETER HOSNER 31 TECH VALLEY DR EAST GREENBUSH NY 12061-4134 |
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VIRTUS CAPITAL GROWTH SERIES-CLASS A
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| | | | 83.30% | | |
| VIRTUS GROWTH AND INCOME SERIES-CLASS A | | | | | 53.62% | | | ||
| VIRTUS INTERNATIONAL SERIES-CLASS A | | | | | 28.62% | | | ||
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VIRTUS MULTI-SECTOR FIXED INCOME SERIES-CLASS A
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| | | | 34.74% | | | ||
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VIRTUS REAL ESTATE SECURITIES SERIES-CLASS A
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| | | | 35.22% | | | ||
| VIRTUS SMALL-CAP GROWTH SERIES-CLASS A | | | | | 61.93% | | | ||
| VIRTUS SMALL-CAP VALUE SERIES-CLASS A | | | | | 36.83% | | | ||
| VIRTUS STRATEGIC ALLOCATION SERIES-CLASS A | | | | | 82.48% | | |
Name and Address
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Name of Series
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Percentage
of Class Outstanding (%) |
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SECURITY BENEFIT LIFE VARIABLE ANNUITY ACCOUNT XIV 5801 SW 6TH AVE TOPEKA KS 66636-1001 |
| | VIRTUS EQUITY TREND SERIES-CLASS A | | | | | 20.93% | | |
SYMETRA LIFE
INSURANCE CO U/A DTD 07/15/2005 ATTN ELIZABETH DAVIS 777 108TH AVE NE STE 1200 BELLEVUE WA 98004-5135 |
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VIRTUS EQUITY TREND SERIES-CLASS I
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| | | | 13.14 | | |
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VIRTUS MULTI-SECTOR FIXED INCOME SERIES-CLASS I
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| | | | 47.46 | | | ||
| VIRTUS SMALL-CAP GROWTH SERIES-CLASS I | | | | | 24.78 | | | ||
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY
1300 S CLINTON ST FORT WAYNE IN 46802-3506 |
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VIRTUS EQUITY TREND SERIES-CLASS A
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| | | | 21.95 | | |
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VIRTUS MULTI-SECTOR FIXED INCOME SERIES-CLASS A
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| | | | 5.17 | | | ||
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VIRTUS MULTI-SECTOR FIXED INCOME SERIES-CLASS I
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| | | | 5.69 | | | ||
VIRTUS PARTNERS INC
ATTN DAVID G HANLEY 100 PEARL ST FL 8 HARTFORD CT 06103-4500 |
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VIRTUS EQUITY TREND SERIES-CLASS I
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| | | | 86.86 | | |
| VIRTUS INTERNATIONAL SERIES-CLASS I | | | | | 100 | | | ||
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VIRTUS MULTI-SECTOR FIXED INCOME SERIES-CLASS I
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| | | | 46.85 | | | ||
| VIRTUS REAL ESTATE SECURITIES SERIES-CLASS I | | | | | 98.48 | | | ||
| VIRTUS SMALL-CAP GROWTH SERIES-CLASS I | | | | | 75.22 | | |
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| | | | Name: | | | Jennifer S. Fromm | |
| | | | Title: | | | Vice President, Chief Legal Officer and Secretary |
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