Summary
- The Goldman Sachs VIT Mid Cap Value Fund outperformed its benchmark, the Russell Midcap Value Index (net), during the quarter.
- The Industrials and Information Technology sectors contributed to returns, while the Financials and Materials sectors detracted from returns.
- We initiated a position in D.R. Horton during the quarter as we saw an attractive valuation and believe the company can benefit from industry consolidation tailwinds and a correction of the supply/demand imbalance in the housing market.
Market Overview
The S&P 500 Index increased by 10.94% (total return, in USD) in the second quarter of 2025, whereas the Russell 2000 Index increased by 8.50% (total return, in USD). Despite an initial selloff prompted by concern regarding new US
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