VIT Enterprise Portfolio

A differentiated mid-cap growth strategy that takes a moderate approach to an asset class known for the potential for rapid growth

NAV
$68.32
As of 07/02/2020

1-Day Change
$0.14 (0.21%)
As of 07/02/2020

YTD Return
-6.90%
As of 07/02/2020

Morningstar Rating

As of 05/31/2020

Overview

ABOUT THIS PORTFOLIO

By taking a moderate approach to an asset class with potential for rapid growth, this mid-cap growth fund has demonstrated lower volatility than the index. Unlike many competitor products that focus on short-term growth rates, this strategy seeks to invest in companies exhibiting sustainable and durable growth.

WHY INVEST IN THIS PORTFOLIO

Smart Growth Approach

The Portfolio’s investment approach focuses on long-duration, sustainable-growth companies with strong competitive advantages and large addressable markets. We seek to avoid companies with rapid but unsustainable, short-term growth profiles.

Deep, Specialized Team

The Portfolio benefits from experienced Portfolio Managers with expertise in mid-cap investing; in-depth fundamental research conducted by a dedicated team of experts exclusively focused on small-mid-cap companies; and the broader support of an insightful team of equity investment professionals.

Growth Potential with Tempered Volatility

The portfolio offers exposure to medium-size companies with resilient business models and is designed to weather a variety of market environments and take on moderately less risk than the index.

Knowledge. Shared

At Janus Henderson, we believe in the sharing of expert insight for better investment and business decisions.

We call this ethos Knowledge. Shared.

PORTFOLIO MANAGEMENT

Brian Demain, CFA

Portfolio Manager

Industry since 1999. Joined Firm in 1999.

Philip Cody Wheaton, CFA

Portfolio Manager | Research Analyst

Industry since 2001. Joined Firm in 2001.

Performance

RETURNS (%) (As of 06/30/2020)
VIT Enterprise Portfolio - Class SS Shares Russell MidCap® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/13/1993)
VIT Enterprise Portfolio - Class SS Shares 23.04 -7.02 -0.59 11.59 11.73 15.20 10.65
Russell MidCap® Growth Index 30.26 4.16 11.91 14.76 11.60 15.09 10.09
RETURNS (%) (As of 06/30/2020)
VIT Enterprise Portfolio - Class SS Shares Russell MidCap® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/13/1993)
VIT Enterprise Portfolio - Class SS Shares 23.04 -7.02 -0.59 11.59 11.73 15.20 10.65
Russell MidCap® Growth Index 30.26 4.16 11.91 14.76 11.60 15.09 10.09
CALENDAR YEAR RETURNS (%)
VIT Enterprise Portfolio - Class SS Shares Russell MidCap® Growth Index
 
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
VIT Enterprise Portfolio - Class SS Shares 25.52 -1.65 16.99 32.04 12.24 3.77 12.10 27.09 -0.66 35.16
Russell MidCap® Growth Index 26.38 -1.65 15.81 35.74 11.90 -0.20 7.33 25.27 -4.75 35.47

MORNINGSTAR PERCENTILE

(As Of 03/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 68 33 17 13 26
Mid-Cap Growth Category|Rank/Count 463/618 234/597 103/564 73/514 41/151
(As Of 05/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 84 51 25 14 32
Mid-Cap Growth Category|Rank/Count 537/607 342/587 159/561 76/510 51/150
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 05/31/2020 Inst Shares)

RISK / REWARD
VS. Russell MidCap® Growth Index
3YR 5YR
Information Ratio -0.36 0.24
Alpha -0.78 1.46
Tracking Error 4.57 3.91
Beta 0.95 0.94
R-squared (%) 94.86 94.95
UP/DOWN MARKET CAPTURE (%)
VS. Russell MidCap® Growth Index
3YR 5YR
Up Capture Ratio 90.94 95.88
Down Capture Ratio 94.88 89.90
STANDARD DEVIATION 3YR 5YR
VIT Enterprise Portfolio 19.69 16.79
Russell MidCap® Growth Index 20.14 17.37
SHARPE RATIO 3YR 5YR
VIT Enterprise Portfolio 0.54 0.63
Russell MidCap® Growth Index 0.61 0.55
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 12/31/2019)
SERVICE SHARES
Management Fees 0.64%
12b-1 Fees 0.25%
Other Expenses 0.08%
Total Gross Expenses 0.97%
Total Net Expenses 0.97%

Portfolio

Index represents the Russell MidCap® Growth Index.

Top Holdings (As of 05/31/2020)
% of Portfolio
Nice Ltd (ADR) 2.93
Constellation Software Inc/Canada 2.86
SS&C Technologies Holdings Inc 2.40
Crown Castle International Corp 2.35
Microchip Technology Inc 2.27
Global Payments Inc 2.26
Aon PLC 2.24
PerkinElmer Inc 2.12
GoDaddy Inc 2.05
Cooper Cos Inc 1.95
Total 23.43
View full holdings
Portfolio Characteristics (As of 05/31/2020)
  PORTFOLIO INDEX
Number of Holdings
Equity Issues
81 405
Market Capitalization
Weighted Average
$21.11B $21.60B
Portfolio Turnover Rate
(1-year trailing)
11.52% -
Price/Earnings Ratio
(1-year forward)
29.21 36.90
Price/Book Ratio
(1-year forward)
4.33 7.70
Earnings Growth Rate
(1-year forward)
-7.43% -10.40%

Sector Allocation % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 05/31/2020)
Information Technology 34.46 36.04
Health Care 18.69 17.03
Industrials 15.62 15.25
Financials 11.33 4.16
Consumer Discretionary 6.78 14.04
Real Estate 3.80 2.70
Energy 1.59 0.78
Materials 1.00 2.48
Utilities 0.65 -
Communication Services 0.45 4.26
Cash & Equivalents 5.63 -
Regional Allocations % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 05/31/2020)
North America 88.44 97.95
Africa/Mideast 2.94 -
Asia/Pacific Ex Japan 1.53 1.32
Europe 1.46 0.73
Cash & Equivalents 5.63 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF PORTFOLIO % OF INDEX % OF PORTFOLIO % OF INDEX (As of 05/31/2020)
Over $100B 0.65
$50B to $100B 8.36 5.25
$10B to $50B 61.43 74.94
$5B to $10B 14.61 15.32
$1B to $5B 9.13 4.49
N/A 0.19
Developed VS Emerging Markets % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 05/31/2020)
U.S. 82.29 97.95
Non-U.S. Developed 12.08 1.42
Cash & Equivalents 5.63 -

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