RS Large Cap Alpha VIP Series  GUSFX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Large Blend Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Large
   Blend
  
  
As of 2009-06-30
Day Change
$ -0.15
  
NAV (2009-11-20)
$ 32.29
  
YTD Return % (2009-11-20)
21.39%
  
Total Assets ($ mil)
828
View Data Definitions
  Performance    
Growth of $10,000 Fund: RS Large Cap Alpha VIP Series
(from 1999-01-01 to 2009-10-31) Category: Large Blend
Index: S&P 500 TR
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 1983-04-13 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 21.39 42.50 -0.27 4.43 -1.15 10.23
+/- Category 2.74 30.64 6.51 3.94 -1.09 ---
+/- S&P 500 TR -2.13 -6.30 5.63 3.75 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 21.28 0.43 1.27 5.39 -0.14 10.45
Month-End (as of 2009-10-31) 15.94 9.68 -0.95 4.11 -1.15 10.23
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 9.04 -1.31 3.69 -1.95 ---
On Distribution & Sale of Shares --- 6.23 -1.01 3.30 -1.10 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 1694 funds), (5 yrs : out of 1352 funds), (10 yrs : out of 681 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
Information 12.35
Software 3.82
Hardware 2.49
Media 2.49
Telecommunications 3.56
Service 51.38
Healthcare 14.14
Consumer Services 6.23
Business Services 5.93
Financial Services 25.09
Manufacturing 36.27
Consumer Goods 7.49
Industrial Materials 10.93
Energy 13.14
Utilities 4.71
Asset Allocation
% of Net Assets
Cash 4.8
Stocks 95.2
Bonds 0.0
Other 0.0
Foreign Stocks 8.5
(as a % of Assets)
Data through 2009-06-30 Data through 2009-06-30
 
Holding Status
Total Number of Stock Holdings 49 Turnover % 44
Total Number of Bond Holdings 0 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 28.78 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
Occidental Petroleum Corporation 7.20 34.97 3.43
ExxonMobil Corporation 9.18 -4.75 3.20
Fidelity National Information Services, Inc. 26.67 40.63 3.15
Covidien, Ltd. 13.39 27.79 3.05
J.P. Morgan Chase & Co. 11.27 36.35 3.03
eBay, Inc. 10.27 63.25 2.74
Pfizer Inc. 14.88 8.19 2.64
Aon Corp. 22.17 -13.24 2.57
The Western Union Company 11.56 31.31 2.50
Schlumberger, Ltd. 9.58 51.12 2.47
Data through 2009-06-30
YTD Return through 2009-11-20
  Other Information
Fund Inception: 1983-04-13
Portfolio Manager  (Start Date)
Mackenzie B. Davis  (2009-03-30)
Davis is a portfolio manager with RS Investments, his employer since 2005. Prior to this Davis spent four years as an analyst at Fidelity Management & Research Company. Previously, he was a vice president at Fidelity Capital Markets. He was also an analyst at Goldman, Sachs & Company. Davis holds the Chartered Financial Analyst designation.
David J. Kelley  (2009-03-30)
David J. Kelley (RS) has been a co-portfolio manager of RS Partners Fund and of RS Value Fund since January 2004 and of RS Investors Fund since its inception. Prior to joining RS Investments as an analyst in the RS Value Group, Mr. Kelley was a small-cap analyst at Pequot Capital Management from 2001 to 2002. Previously, he had served as an analyst for three years with Crestwood Capital, an ING-affiliated hedge fund group, and spent three years at Goldman Sachs & Company in the mergers and acquisitions department. Mr. Kelley earned a B.A. in history from Yale University and an M.B.A. from Harvard Business School.
Joseph Mainelli  (2009-03-30)
Joseph Mainelli is a co-portfolio manager and an analyst on the RS Value Team. Joe has been a co-portfolio manager of RS Large Cap Alpha Fund since March 2009 and of RS Partners Fund, RS Value Fund, and RS Investors Fund since May 2009; he also co-manages separate accounts. Prior to joining RS Investments in 2007 as an analyst in the RS Value Team, he was an equity research analyst focusing on small- and mid-cap value investments at David J. Greene & Company for three years. Prior to that, he was an equity research analyst at the hedge funds of Sagamore Hill Capital and ING Furman Selz Asset Management. Joe holds a B.A. in anthropology from Princeton University and an M.B.A. from Columbia Business School.
Andrew P. Pilara  (2009-03-30)
Andrew P. Pilara, Jr. (RS) has managed RS Partners Fund, RS Investors Fund, and RS Global Natural Resources Fund since their inceptions. Mr. Pilara has been responsible for the management of RS Value Fund since January 2001, and has been a member of that Fund's management team since 1999. Prior to joining the firm in 1993, he was president of Pilara Associates, an investment management firm he established in 1974. He has been involved in the securities business for more than 30 years, with experience in portfolio management, research, trading, and sales. Mr. Pilara holds a B.A. in economics from Saint Mary's College.
Kenneth L. Settles  (2009-03-30)
Kenneth L. Settles is a co-portfolio manager and an analyst on the RS Value Team. Ken has been a co-portfolio manager of RS Global Natural Resources Fund since 2007, of RS Large Cap Alpha Fund since March 2009 and of RS Partners Fund, RS Value Fund and RS Investors Fund since May 2009. Prior to joining the firm in 2006, he was a senior energy analyst at Neuberger Berman, LLC for seven years where he also comanaged the Neuberger Berman Premier Energy Portfolio. Previously, Ken spent three years at Salomon Smith Barney, Inc. where he was a financial analyst. Ken holds a B.A. in economics from Williams College. Ken is a CFA Charterholder.
Joseph A. Wolf  (2009-03-30)
Joseph A. Wolf (RS) has been a co-portfolio manager of RS Value Fund and of RS Partners Fund since January 2004 and of RS Investors Fund since its inception. Prior to joining RS Investments in 2001 as an analyst in the RS Value Group, Mr. Wolf was the founder, director, and vice president of corporate development for zUniversity, an affinity marketing company focused on university students and alumni. Previously, he had worked as a senior financial analyst at Goldman Sachs & Company for four years in both the equities division and the strategic consulting group. Mr. Wolf holds a B.A. in medicine and psychology from Vanderbilt University and an M.B.A. from Harvard Business School.
Sales Charge %
(taken from prospectus dated 2009-05-01)
Front: None
Deferred: None
Expense Ratio % 0.56
based on net assets
(taken from annual report dated 2008-12-31)
Correspondence Information
388 Market Street
Suite 1700
San Francisco,  CA  94111
USA
Telephone:
800-221-3253
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.