For Financial Professionals in the US

VIT Overseas Portfolio

Invests in select international companies across market-cap and style spectrum where we believe the market underestimates free-cash-flow growth

NAV
$39.17
As of 06/02/2023

1-Day Change
$0.32 (0.82%)
As of 06/02/2023

YTD Return
6.56%
As of 06/02/2023

Morningstar Rating

As of 04/30/2023

Overview

ABOUT THIS PORTFOLIO

An international equity fund seeking to grow capital by investing with conviction in companies outside the U.S. where the portfolio managers believe the market underestimates free-cash-flow growth. The Fund considers both growth and value criteria as it seeks to deliver strong, risk-adjusted returns over the long term, regardless of prevailing market conditions.

WHY INVEST IN THIS PORTFOLIO

Flexible International All-Cap Equities

The portfolio managers have the flexibility to invest in 30 to 60 companies outside the U.S. and across the market cap and style spectrum where free-cash-flow growth is believed to be underestimated by the market. The portfolio managers search for both growing companies and attractive valuations.

Differentiated & Uncorrelated Insights

The intersection of independent viewpoints and differentiated perspectives between the portfolio managers and research analysts should lead to potentially greater and more consistent excess returns over time.

Exacting Portfolio Construction

Taking a prudent approach to portfolio construction and risk management, the portfolio managers aim to drive superior risk-adjusted returns over the full market cycle through stock selection in an effort to avoid persistent biases.

Knowledge Shared

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

George P. Maris, CFA

Head of Equities – Americas | Portfolio Manager

Industry since 1998. Joined Firm in 2011.

Julian McManus

Portfolio Manager | Research Analyst

Industry since 1994. Joined Firm in 2004.

Performance

RETURNS (%) (As of 03/31/2023)
Overseas Portfolio - Class SS Shares MSCI All Country World ex-U.S. Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/02/1994)
Overseas Portfolio - Class SS Shares 6.31 6.31 0.72 19.29 6.15 4.49 8.20
MSCI All Country World ex-U.S. Index℠ 6.87 6.87 -5.07 11.80 2.47 4.17 -
RETURNS (%) (As of 05/31/2023)
Overseas Portfolio - Class SS Shares MSCI All Country World ex-U.S. Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/02/1994)
Overseas Portfolio - Class SS Shares -0.70 3.89 1.60 13.72 5.85 3.82 8.07
MSCI All Country World ex-U.S. Index℠ 0.43 4.77 -1.41 7.23 2.22 3.83 -
Calendar Year Returns (%)
Overseas Portfolio - Class SERVICE Shares MSCI All Country World ex-U.S. Index℠
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Overseas Portfolio - Class SERVICE Shares -8.84 13.29 16.02 26.71 -15.14 30.80 -6.71 -8.80 -12.10 14.28
MSCI All Country World ex-U.S. Index℠ -16.00 7.82 10.65 21.51 -14.20 27.19 4.50 -5.66 -3.87 15.29

MORNINGSTAR PERCENTILE

(As Of 03/31/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 15 1 6 62 6
Foreign Large Blend | Rank/Count 117/749 9/707 43/664 322/533 8/119
(As Of 05/31/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 47 1 5 75 6
Foreign Large Blend | Rank / Count 334/743 9/700 40/662 388/529 8/119

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

RISK / REWARD
VS. MSCI All Country World ex-U.S. Index℠
3YR 5YR
Information Ratio 1.66 0.93
Alpha 5.97 4.13
Tracking Error 4.53 4.57
Beta 1.12 1.13
R-squared (%) 95.64 95.95
UP/DOWN MARKET CAPTURE (%)
VS. MSCI All Country World ex-U.S. Index℠
3YR 5YR
Up Capture Ratio 126.47 124.71
Down Capture Ratio 97.55 104.66
STANDARD DEVIATION 3YR 5YR
Overseas Portfolio 19.38 19.96
MSCI All Country World ex-U.S. Index℠ 16.92 17.37
SHARPE RATIO 3YR 5YR
Overseas Portfolio 0.84 0.27
MSCI All Country World ex-U.S. Index℠ 0.51 0.06
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 12/31/2022)
SERVICE SHARES
Management Fees 0.79%
12b-1 Fees 0.25%
Other Expenses 0.10%
Total Gross Expenses 1.14%
Total Net Expenses 1.14%

Portfolio

Index represents the MSCI All Country World ex-U.S. Index℠.

Top Holdings (As of 04/30/2023)
% of Portfolio
BNP Paribas SA 4.28
Teck Resources Ltd 4.09
Heineken NV 3.60
Taiwan Semiconductor Manufacturing Co Ltd 3.45
Canadian Natural Resources Ltd 3.37
Dai-ichi Life Holdings Inc 3.30
Deutsche Telekom AG 3.30
Unilever PLC 3.29
BAE Systems PLC 3.26
Erste Group Bank AG 3.20
Total 35.14
View full holdings
Portfolio Characteristics (As of 04/30/2023)
  PORTFOLIO INDEX
Number of Holdings
Equity Issues
42 2257
Market Capitalization
Weighted Average
$82.36B $69.88B
Portfolio Turnover Rate
(1-year trailing)
39.05% -
Price/Earnings Ratio
(1-year forward)
12.69 12.65
Price/Book Ratio
1.90 1.77
Earnings Growth Rate
(1-year forward)
11.99% 13.15%
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)

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