Please ensure Javascript is enabled for purposes of website accessibility VIT Flexible Bond Portfolio - Janus Henderson Investors
For Financial Professionals in the US

VIT Flexible Bond Portfolio

For 25 years, this active fixed income strategy has been anchoring investor portfolios given its focus on risk-adjusted returns and capital preservation

NAV
$11.07
As of 07/12/2024

1-Day Change
$0.03 (0.27%)
As of 07/12/2024

YTD Return
1.20%
As of 07/12/2024

Overview

ABOUT THIS PORTFOLIO

This dynamic core bond portfolio leverages a bottom-up, fundamentally driven investment process designed to generate risk-adjusted outperformance and capital preservation. Throughout its 25 year history, the Portfolio has utilized an active and flexible approach to manage across a variety of market and rate cycles.

WHY INVEST IN THIS PORTFOLIO

Dynamic Core Bond Holding
By emphasizing risk-adjusted returns and capital preservation, the portfolio can serve as a foundation for a fixed income portfolio. The strategy uses a bottom-up, fundamentally driven investment process that seeks to identify the best opportunities across fixed income sectors, including up to 35% high yield.

Integrated Research
Partnership and fluid communication between fixed income and equity analysts promote idea generation. Credit research emphasizes free-cash-flow generation, quality of management and security valuation.

Sophisticated Risk Management
Our proprietary fixed income portfolio and risk-management system, Quantum Global, is integrated into the investment process at each step. We identify and measure the sources of risk in the portfolio at multiple levels to confirm that the portfolio is positioned as intended.

PORTFOLIO MANAGEMENT

Greg Wilensky, CFA

Head of U.S. Fixed Income | Portfolio Manager

Industry since 1993. Joined Firm in 2020.

Michael Keough

Portfolio Manager

Industry since 2006. Joined Firm in 2007.

John Lloyd

Lead, Multi-Sector Credit Strategies | Portfolio Manager

Industry since 1998. Joined Firm in 2005.

Performance

RETURNS (%) (As of 06/30/2024)
VIT Flexible Bond Portfolio Service Class Bloomberg U.S. Aggregate Bond Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/13/1993)
VIT Flexible Bond Portfolio Service Class 0.18 -0.45 3.20 -3.31 0.26 1.21 4.99
Bloomberg U.S. Aggregate Bond Index 0.07 -0.71 2.63 -3.02 -0.23 1.35 4.26
RETURNS (%) (As of 06/30/2024)
VIT Flexible Bond Portfolio Service Class Bloomberg U.S. Aggregate Bond Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/13/1993)
VIT Flexible Bond Portfolio Service Class 0.18 -0.45 3.20 -3.31 0.26 1.21 4.99
Bloomberg U.S. Aggregate Bond Index 0.07 -0.71 2.63 -3.02 -0.23 1.35 4.26
Calendar Year Returns (%)
VIT Flexible Bond Portfolio Service Class Bloomberg U.S. Aggregate Bond Index
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
VIT Flexible Bond Portfolio Service Class 5.29 -13.90 -1.11 10.25 9.28 -1.29 3.35 2.22 -0.06 4.69
Bloomberg U.S. Aggregate Bond Index 5.53 -13.01 -1.54 7.51 8.72 0.01 3.54 2.65 0.55 5.97

MORNINGSTAR PERCENTILE

(As Of 06/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 68 72 46 74 11
Intermediate Core-Plus Bond | Rank/Count 407/627 360/573 233/550 317/463 14/166
(As Of 06/30/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 68 72 46 74 11
Intermediate Core-Plus Bond | Rank / Count 407/627 360/573 233/550 317/463 14/166

GROWTH OF A HYPOTHETICAL INVESTMENT

Flexible Bond Portfolio - Service Shares Bloomberg U.S. Aggregate Bond Index Intermediate Core-Plus Bond

RETURNS-BASED STATISTICS (As of 06/30/2024 Inst Shares)

RISK / REWARD
VS. Bloomberg U.S. Aggregate Bond TR Index
3YR 5YR
Information Ratio -0.04 0.41
Alpha 0.05 0.89
Tracking Error 0.81 1.81
Beta 1.01 1.05
R-squared (%) 98.86 92.96
UP/DOWN MARKET CAPTURE (%)
VS. Bloomberg U.S. Aggregate Bond TR Index
3YR 5YR
Up Capture Ratio 100.74 116.25
Down Capture Ratio 100.69 104.80
STANDARD DEVIATION 3YR 5YR
Flexible Bond Portfolio 7.56 6.75
Bloomberg U.S. Aggregate Bond TR Index 7.43 6.23
SHARPE RATIO 3YR 5YR
Flexible Bond Portfolio -0.80 -0.24
Bloomberg U.S. Aggregate Bond TR Index -0.81 -0.38
ANNUAL FEES & EXPENSES (As of the most recent prospectus)
SERVICE SHARES
Management Fees 0.50%
12b-1 Fees 0.25%
Other Expenses 0.14%
Total Gross Expenses 0.89%
Waivers -0.07%
Total Net Expenses 0.82%

Portfolio

Index represents the Bloomberg Barclays U.S. Aggregate Bond Index.

Top Holdings (As of 05/31/2024)
% of Fund
United States Treasury Note/Bond, 4.38%, 05/15/34 4.20
United States Treasury Note/Bond, 4.62%, 05/15/44 2.43
United States Treasury Note/Bond, 4.25%, 02/15/54 2.25
United States Treasury Note/Bond, 4.50%, 05/31/29 1.61
Ginnie Mae, 3.50%, 06/20/24 0.89
Ginnie Mae, 2.50%, 06/20/24 0.65
Fannie Mae Pool, 2.50%, 02/01/52 0.62
Centene Corp, 4.25%, 12/15/27 0.61
Fannie Mae or Freddie Mac, 6.00%, 06/13/24 0.61
CBRE Services Inc, 5.95%, 08/15/34 0.61
TOTAL 14.48
View full holdings
Portfolio Characteristics (As of 05/31/2024)
  PORTFOLIO INDEX
Number of Holdings
Debt Issues
647 13541
Portfolio Turnover Rate
(1-year trailing)
179.91% -
Weighted Average Maturity
(years)
7.49 12.58
Effective Duration
(years)
6.45 6.09
Yield to Worst
5.65% 5.11%
Sector Allocation % of Fund % of Index % of Fund % of Index As of 05/31/2024
Regional Allocation % of Fund % of Index % of Fund % of Index As of 05/31/2024
Developed vs Emerging Markets % of Fund % of Index % of Fund % of Index As of 05/31/2024
Credit Quality of Fixed Income Holdings % of Fund % of Index % of Fund % of Index As of 05/31/2024
Maturity Breakdown of Fixed Income Holdings % of Fund % of Index % of Fund % of Index As of 05/31/2024

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