VIT Global Technology and Innovation Portfolio

Our deep and experienced tech team seeks growth through innovation in this complex and dynamic sector

NAV
$16.96
As of 07/10/2020

1-Day Change
$0.02 (0.12%)
As of 07/10/2020

YTD Return
24.70%
As of 07/10/2020

Morningstar Rating

As of 06/30/2020

Overview

ABOUT THIS PORTFOLIO

This global growth portfolio invests in companies that create and benefit from advances in technology. We invest in companies we believe to be resilient and also take smaller positions in companies that have optionality – meaning large potential upside under a specific scenario. The Portfolio seeks to provide strong long-term returns with volatility characteristics on par with its peers.

WHY INVEST IN THIS PORTFOLIO

Finding Growth Through Innovation

Technology is dramatically impacting every sector of the global economy. The Portfolio seeks to invest in growth companies driving this innovation or benefiting from advances in technology. Common characteristics of an investment include a culture of innovation, long-term focus and attractive relative valuation.

Dedicated Sector Experts

Our dedicated team of technology analysts is embedded deeply within the sector, approaching research as an industry participant. In this complex and rapidly growing sector, it is critical to have experienced investors working to evaluate the impact of disruptive technologies and actively aim to identify both winners and losers.

Deep and Disciplined

The Portfolio takes a thoughtful approach to portfolio construction as the managers invest in companies believed to be resilient, as well as smaller positions in companies that have optionality – meaning large potential upside under a specific scenario. Through deep research and disciplined portfolio construction, the Portfolio seeks to deliver strong, risk-adjusted returns over time.

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

Denny Fish

Portfolio Manager | Research Analyst

Industry since 2004. Joined Firm in 2016.

Performance

RETURNS (%) (As of 06/30/2020)
VIT Global Technology and Innovation Portfolio - Class SS Shares S&P 500® Index MSCI All Country World Information Technology Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/18/2000)
VIT Global Technology and Innovation Portfolio - Class SS Shares 32.98 17.49 33.58 26.05 23.44 20.10 5.07
S&P 500® Index 20.54 -3.08 7.51 10.73 10.73 13.99 5.81
MSCI All Country World Information Technology Index 30.00 12.21 31.85 22.25 20.14 17.60 -
RETURNS (%) (As of 06/30/2020)
VIT Global Technology and Innovation Portfolio - Class SS Shares S&P 500® Index MSCI All Country World Information Technology Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/18/2000)
VIT Global Technology and Innovation Portfolio - Class SS Shares 32.98 17.49 33.58 26.05 23.44 20.10 5.07
S&P 500® Index 20.54 -3.08 7.51 10.73 10.73 13.99 5.81
MSCI All Country World Information Technology Index 30.00 12.21 31.85 22.25 20.14 17.60 -
CALENDAR YEAR RETURNS (%)
VIT Global Technology and Innovation Portfolio - Class SS Shares MSCI All Country World Information Technology Index
 
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
VIT Global Technology and Innovation Portfolio - Class SS Shares 24.40 -8.66 19.15 35.39 9.35 4.65 13.85 44.91 0.91 44.82
MSCI All Country World Information Technology Index 11.35 -4.43 15.32 26.51 15.20 3.20 12.20 41.77 -5.81 46.89

MORNINGSTAR PERCENTILE

(As Of 06/30/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 28 16 12 24 45
Technology Category|Rank/Count 67/231 38/205 23/190 33/178 63/112
(As Of 06/30/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 28 16 12 24 45
Technology Category|Rank/Count 67/231 38/205 23/190 33/178 63/112
GROWTH OF A HYPOTHETICAL INVESTMENT

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

RISK / REWARD
VS. MSCI All Country World Information Technology Index
3YR 5YR
Information Ratio 0.92 0.92
Alpha 3.76 3.38
Tracking Error 4.31 4.09
Beta 0.98 1.00
R-squared (%) 94.81 94.67
UP/DOWN MARKET CAPTURE (%)
VS. MSCI All Country World Information Technology Index
3YR 5YR
Up Capture Ratio 99.68 102.82
Down Capture Ratio 82.94 87.01
STANDARD DEVIATION 3YR 5YR
VIT Global Technology and Innovation Portfolio 18.86 17.73
MSCI All Country World Information Technology Index 18.69 17.31
SHARPE RATIO 3YR 5YR
VIT Global Technology and Innovation Portfolio 1.12 1.13
MSCI All Country World Information Technology Index 0.92 0.94
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 12/31/2019)
SERVICE SHARES
Management Fees 0.64%
12b-1 Fees 0.25%
Other Expenses 0.10%
Total Gross Expenses 0.99%
Waivers 0.00%
Total Net Expenses 0.99%

Portfolio

Index represents the MSCI All Country World Information Technology Index℠.

Top Holdings (As of 05/31/2020)
% of Portfolio
Microsoft Corp 7.91
Apple Inc 7.43
Amazon.com Inc 4.70
Adobe Inc 4.45
Mastercard Inc 4.37
ASML Holding NV 3.94
salesforce.com Inc 3.67
Texas Instruments Inc 3.36
Alibaba Group Holding Ltd (ADR) 2.94
Taiwan Semiconductor Manufacturing Co Ltd 2.91
Total 45.68
View full holdings
Portfolio Characteristics (As of 05/31/2020)
  PORTFOLIO INDEX
Number of Holdings
Equity Issues
62 308
Market Capitalization
Weighted Average
$426.66B $510.05B
Portfolio Turnover Rate
(1-year trailing)
36.31% -
Price/Earnings Ratio
(1-year forward)
52.49 29.66
Price/Book Ratio
(1-year forward)
15.65 9.90
Earnings Growth Rate
(1-year forward)
5.56% 4.95%

Sector Allocation % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 05/31/2020)
Information Technology 71.36 100.00
Communication Services 9.97 -
Consumer Discretionary 9.38 -
Real Estate 4.02 -
Industrials 0.99 -
Cash & Equivalents 4.28 -
Regional Allocations % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 05/31/2020)
North America 80.40 79.20
Asia/Pacific Ex Japan 9.32 9.75
Europe 4.37 6.15
Africa/Mideast 1.63 0.44
Cash & Equivalents 4.28 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF PORTFOLIO % OF INDEX % OF PORTFOLIO % OF INDEX (As of 05/31/2020)
Over $100B 61.53 65.27
$50B to $100B 7.49 8.66
$10B to $50B 19.90 21.07
$5B to $10B 5.80 3.13
$1B to $5B 0.99 1.50
N/A 0.01 0.37
Developed VS Emerging Markets % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 05/31/2020)
U.S. 79.64 77.74
Non-U.S. Emerging 8.30 9.69
Non-U.S. Developed 7.78 12.57
Cash & Equivalents 4.28 -

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