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
$72.97
As of 09/18/2020

1-Day Change
-$0.54 (-0.73%)
As of 09/18/2020

YTD Return
-0.56%
As of 09/18/2020

Morningstar Rating

As of 08/31/2020

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 08/31/2020)
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 10.01 2.12 9.17 14.06 14.80 15.88 10.96
Russell MidCap® Growth Index 13.53 15.54 23.56 17.86 14.94 16.03 10.45
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 06/30/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 89 59 26 22 34
Mid-Cap Growth Category|Rank/Count 557/608 388/585 172/564 126/509 55/150
(As Of 08/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 90 66 33 28 38
Mid-Cap Growth Category|Rank/Count 562/613 428/586 205/562 159/509 62/151

RETURNS-BASED STATISTICS (As of 08/31/2020 Inst Shares)

RISK / REWARD
VS. Russell MidCap® Growth Index
3YR 5YR
Information Ratio -0.72 0.03
Alpha -2.07 1.04
Tracking Error 4.85 4.17
Beta 0.94 0.94
R-squared (%) 94.41 94.23
UP/DOWN MARKET CAPTURE (%)
VS. Russell MidCap® Growth Index
3YR 5YR
Up Capture Ratio 86.56 94.56
Down Capture Ratio 94.88 90.69
STANDARD DEVIATION 3YR 5YR
VIT Enterprise Portfolio 19.93 16.72
Russell MidCap® Growth Index 20.51 17.34
SHARPE RATIO 3YR 5YR
VIT Enterprise Portfolio 0.64 0.83
Russell MidCap® Growth Index 0.79 0.80
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 08/31/2020)
% of Portfolio
Nice Ltd (ADR) 2.68
SS&C Technologies Holdings Inc 2.52
Microchip Technology Inc 2.48
Constellation Software Inc/Canada 2.29
Aon PLC 2.17
Global Payments Inc 2.12
GoDaddy Inc 2.12
Broadridge Financial Solutions Inc 2.09
KLA Corp 2.08
TE Connectivity Ltd 2.01
Total 22.56
View full holdings
Portfolio Characteristics (As of 08/31/2020)
  PORTFOLIO INDEX
Number of Holdings
Equity Issues
82 329
Market Capitalization
Weighted Average
$22.00B $21.00B
Portfolio Turnover Rate
(1-year trailing)
12.80% -
Price/Earnings Ratio
(1-year forward)
29.36 45.02
Price/Book Ratio
(1-year forward)
4.77 12.57
Earnings Growth Rate
(1-year forward)
-7.50% 3.52%
Sector Allocation % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 08/31/2020)
Information Technology 36.27 36.73
Health Care 19.61 21.91
Industrials 14.70 12.18
Financials 10.34 3.66
Consumer Discretionary 7.82 11.33
Real Estate 2.69 1.41
Energy 1.28 0.44
Materials 1.17 2.19
Utilities 0.72 0.10
Communication Services 0.49 5.76
Cash & Equivalents 4.91 -
Regional Allocations % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 08/31/2020)
North America 88.93 97.99
Africa/Mideast 2.68 -
Europe 1.97 1.30
Asia/Pacific Ex Japan 1.51 0.16
Cash & Equivalents 4.91 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF PORTFOLIO % OF INDEX % OF PORTFOLIO % OF INDEX (As of 08/31/2020)
Over $100B 0.65
$50B to $100B 7.25 1.30
$10B to $50B 60.77 81.95
$5B to $10B 21.02 13.88
$1B to $5B 5.07 2.87
N/A 0.33
Developed VS Emerging Markets % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 08/31/2020)
U.S. 82.75 98.00
Non-U.S. Developed 12.34 1.30
Cash & Equivalents 4.91 -

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