For Financial Professionals in the US

JAAGX 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
$75.53
As of 06/06/2023

1-Day Change
$0.71 (0.95%)
 As of 06/06/2023

YTD Return
8.55%
As of 06/06/2023

Morningstar Rating

As of 05/31/2023

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

expert insight

At Janus Henderson, we believe in the sharing of expert insight for better investment and business decisions. We call this ethos Knowledge Shared.

View Our Insights

PORTFOLIO MANAGEMENT

Brian Demain, CFA

Brian Demain, CFA

Portfolio Manager

Industry since 1999. Joined Firm in 1999.

Philip Cody Wheaton, CFA

Philip Cody Wheaton, CFA

Portfolio Manager | Research Analyst

Industry since 2001. Joined Firm in 2001.

Performance

RETURNS (%) (As of 03/31/2023)
Enterprise Portfolio - Class IS Shares Russell MidCap® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/13/1993)
Enterprise Portfolio - Class IS Shares 8.25 8.25 -2.31 18.87 10.27 13.27 11.02
Russell MidCap® Growth Index 9.14 9.14 -8.52 15.20 9.07 11.17 9.71
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

RETURNS (%) (As of 05/31/2023)
Enterprise Portfolio - Class IS Shares Russell MidCap® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/13/1993)
Enterprise Portfolio - Class IS Shares -2.37 5.26 1.94 9.95 9.10 12.59 10.85
Russell MidCap® Growth Index -0.03 7.62 5.75 5.80 8.18 10.56 9.60
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Calendar Year Returns (%)
Enterprise Portfolio - Class INSTITUTIONAL Shares Russell MidCap® Growth Index
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Enterprise Portfolio - Class INSTITUTIONAL Shares -15.94 16.83 19.47 35.48 -0.41 27.42 12.36 4.03 12.52 32.38
Russell MidCap® Growth Index -26.72 12.73 35.59 35.47 -4.75 25.27 7.33 -0.20 11.90 35.74

MORNINGSTAR PERCENTILE

(As Of 03/31/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 5 14 17 5 11
Mid-Cap Growth | Rank/Count 25/579 60/545 81/529 19/489 15/140
(As Of 05/31/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 35 12 17 5 12
Mid-Cap Growth | Rank / Count 226/565 49/537 92/518 19/480 17/138

RETURNS-BASED STATISTICS (As of 04/30/2023 Inst Shares)

RISK / REWARD
VS. Russell MidCap® Growth Index		 3YR 5YR
Information Ratio 0.43 0.19
Alpha 5.52 2.54
Tracking Error 8.96 7.57
Beta 0.77 0.86
R-squared (%) 83.08 88.32
UP/DOWN MARKET CAPTURE (%)
VS. Russell MidCap® Growth Index		 3YR 5YR
Up Capture Ratio 87.54 88.31
Down Capture Ratio 73.74 83.15
STANDARD DEVIATION 3YR 5YR
Enterprise Portfolio 18.22 20.16
Russell MidCap® Growth Index 21.52 22.08
SHARPE RATIO 3YR 5YR
Enterprise Portfolio 0.66 0.44
Russell MidCap® Growth Index 0.38 0.34
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 12/31/2022)
INSTITUTIONAL SHARES
Management Fees 0.64%
Other Expenses 0.08%
Total Gross Expenses 0.72%
Total Net Expenses 0.72%

Portfolio

Index represents the Russell MidCap® Growth Index.

Top Holdings (As of 04/30/2023)
% of Portfolio
ON Semiconductor Corp 4.10
Constellation Software Inc/Canada 3.75
Boston Scientific Corp 3.20
Intact Financial Corp 2.89
SS&C Technologies Holdings Inc 2.82
Amdocs Ltd 2.72
Teleflex Inc 2.65
GoDaddy Inc 2.44
WEX Inc 2.40
Magellan Midstream Partners LP 2.28
Total 29.25
View full holdings
Portfolio Characteristics (As of 04/30/2023)
  PORTFOLIO INDEX
Number of Holdings
Equity Issues		 78 397
Market Capitalization
Weighted Average		 $21.35B $24.62B
Portfolio Turnover Rate
(1-year trailing)		 12.84% -
Price/Earnings Ratio
(1-year forward)		 17.20 20.70
Price/Book Ratio
 3.37 6.23
Earnings Growth Rate
(1-year forward)		 7.76% 17.73%
Sector Allocation % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 04/30/2023)
Regional Allocation % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 04/30/2023)
Market Capitalization Range of Equity Holdings % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 04/30/2023)
Developed vs Emerging Markets % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 04/30/2023)

Documents

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
Related Insights
From fast growth to prudent growth: A changing road map for mid-caps
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From fast growth to prudent growth: A changing road map for mid-caps

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Market shifts break ground for new mid-cap growth leaders
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Market shifts break ground for new mid-cap growth leaders

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