JGLTX VIT Global Technology Portfolio

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

NAV
$14.07
As of 12/04/2019

1-Day Change
$0.03 (0.21%)
As of 12/04/2019

YTD Return
37.27%
As of 12/04/2019

Morningstar Rating

As of 10/31/2019

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.

Garth C. Yettick, CFA

Portfolio Manager | Research Analyst

Industry since 1994. Joined Firm in 1997.

Performance

RETURNS (%) (As of 09/30/2019)
VIT Global Technology Portfolio - Class IS 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 Portfolio - Class IS Shares 0.99% 28.88% 7.90% 22.95% 19.13% 17.19% 4.04%
S&P 500® Index 1.70% 20.55% 4.25% 13.39% 10.84% 13.24% 5.73%
MSCI All Country World Information Technology Index 2.61% 28.27% 6.32% 19.30% 15.56% 14.40% -
RETURNS (%) (As of 11/30/2019)
VIT Global Technology Portfolio - Class IS 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 Portfolio - Class IS Shares 8.81% 39.71% 29.30% 26.85% 19.55% 18.25% 4.43%
S&P 500® Index 7.86% 27.63% 16.11% 14.88% 10.98% 13.44% 5.99%
MSCI All Country World Information Technology Index 11.48% 40.07% 29.42% 23.61% 16.31% 15.20% -
CALENDAR YEAR RETURNS (%)
VIT Global Technology Portfolio - Class IS Shares MSCI All Country World Information Technology Index
 
  2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
VIT Global Technology Portfolio - Class IS Shares 57.09 24.83 -8.68 19.60 35.76 9.64 4.85 14.21 45.09 1.19
MSCI All Country World Information Technology Index 58.13 11.35 -4.43 15.32 26.51 15.20 3.20 12.20 41.77 -5.81

MORNINGSTAR PERCENTILE

(As Of 09/30/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 17 10 13 21 39
Technology Category|Rank/Count 44/233 12/205 16/192 22/181 57/115
(As Of 10/31/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 16 12 13 19 40
Technology Category|Rank/Count 40/232 16/205 18/193 22/181 58/115
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 10/31/2019 Inst Shares)

RISK / REWARD
VS. MSCI All Country World Information Technology Index
3YR 5YR
Information Ratio 0.77 0.72
Alpha 3.11 2.66
Tracking Error 4.27 4.02
Beta 0.99 1.00
R-squared (%) 92.56 93.55
UP/DOWN MARKET CAPTURE (%)
VS. MSCI All Country World Information Technology Index
3YR 5YR
Up Capture Ratio 99.83 101.26
Down Capture Ratio 79.91 86.21
STANDARD DEVIATION 3YR 5YR
VIT Global Technology Portfolio 15.62 15.82
MSCI All Country World Information Technology Index 15.23 15.37
SHARPE RATIO 3YR 5YR
VIT Global Technology Portfolio 1.47 1.15
MSCI All Country World Information Technology Index 1.29 0.99
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 12/31/2018)
INSTITUTIONAL SHARES
Management Fees 0.64%
12b-1 Fees -
Other Expenses 0.12%
Total Gross Expenses 0.76%
Waivers 0.00%
Total Net Expenses 0.76%

Portfolio

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

(As of 10/31/2019)
% of Portfolio
Microsoft Corp 8.18
Apple Inc 5.06
salesforce.com Inc 4.14
Amazon.com Inc 4.06
Alibaba Group Holding Ltd (ADR) 3.93
Adobe Inc 3.92
Taiwan Semiconductor Manufacturing Co Ltd 3.92
ASML Holding NV 3.50
Mastercard Inc 3.49
Texas Instruments Inc 3.32
Total 43.52
View full holdings
Portfolio Characteristics (As of 10/31/2019)
  PORTFOLIO INDEX
Number of Holdings
Equity Issues
69 260
Market Capitalization
Weighted Average
$303.72B $389.03B
Portfolio Turnover Rate
(1-year trailing)
32.17% -
Price/Earnings Ratio
(1-year forward)
39.77 24.56
Price/Book Ratio
(1-year forward)
9.25 7.36
Earnings Growth Rate
(1-year forward)
5.13% 4.28%

Sector Allocation % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 10/31/2019)
Information Technology 73.15 100.00
Consumer Discretionary 10.26 -
Communication Services 9.93 -
Real Estate 4.54 -
Industrials 1.62 -
Cash & Equivalents 0.50 -
Regional Allocations % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 10/31/2019)
North America 81.04 76.82
Asia/Pacific Ex Japan 12.16 10.99
Europe 4.48 6.56
Africa/Mideast 0.94 0.42
Japan 0.88 5.14
Cash & Equivalents 0.50 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF PORTFOLIO % OF INDEX % OF PORTFOLIO % OF INDEX (As of 10/31/2019)
Over $100B 56.15 63.40
$50B to $100B 10.29 8.09
$10B to $50B 22.67 22.83
$5B to $10B 8.18 3.81
$1B to $5B 1.95 1.42
N/A 0.26 0.44
Developed VS Emerging Markets % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 10/31/2019)
U.S. 80.19 75.76
Non-U.S. Emerging 11.48 10.90
Non-U.S. Developed 7.83 13.34
Cash & Equivalents 0.50 -

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