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
$41.74
As of 10/22/2021

1-Day Change
$0.06 (0.14%)
As of 10/22/2021

YTD Return
14.63%
As of 10/22/2021

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

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

Co-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 09/30/2021)
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 -1.69 10.46 33.77 11.79 11.81 5.74 8.69
MSCI All Country World ex-U.S. Index℠ -2.99 5.90 23.92 8.03 8.94 7.48 -
RETURNS (%) (As of 09/30/2021)
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 -1.69 10.46 33.77 11.79 11.81 5.74 8.69
MSCI All Country World ex-U.S. Index℠ -2.99 5.90 23.92 8.03 8.94 7.48 -
CALENDAR YEAR RETURNS (%)
Overseas Portfolio - Class SERVICE Shares MSCI All Country World ex-U.S. Index℠
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Overseas Portfolio - Class SERVICE Shares -32.34 13.18 14.28 -12.10 -8.80 -6.71 30.80 -15.14 26.71 16.02
MSCI All Country World ex-U.S. Index℠ -13.71 16.83 15.29 -3.87 -5.66 4.50 27.19 -14.20 21.51 10.65

MORNINGSTAR PERCENTILE

(As Of 09/30/2021)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 5 5 3 98 6
Foreign Large Blend Category|Rank/Count 35/778 53/719 32/673 518/533 8/128
(As Of 09/30/2021)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 5 5 3 98 6
Foreign Large Blend Category|Rank/Count 35/778 53/719 32/673 518/533 8/128

RETURNS-BASED STATISTICS (As of 09/30/2021 Inst Shares)

RISK / REWARD
VS. MSCI All Country World ex-U.S. Index℠
3YR 5YR
Information Ratio 0.87 0.73
Alpha 3.14 2.20
Tracking Error 4.65 4.30
Beta 1.12 1.10
R-squared (%) 95.76 94.15
UP/DOWN MARKET CAPTURE (%)
VS. MSCI All Country World ex-U.S. Index℠
3YR 5YR
Up Capture Ratio 122.11 115.43
Down Capture Ratio 106.85 102.31
STANDARD DEVIATION 3YR 5YR
Overseas Portfolio 20.23 16.64
MSCI All Country World ex-U.S. Index℠ 17.73 14.64
SHARPE RATIO 3YR 5YR
Overseas Portfolio 0.54 0.66
MSCI All Country World ex-U.S. Index℠ 0.39 0.53
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 12/31/20)
SERVICE SHARES
Management Fees 0.72%
12b-1 Fees 0.25%
Other Expenses 0.11%
Total Gross Expenses 1.08%
Total Net Expenses 1.08%

Portfolio

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

Top Holdings (As of 09/30/2021)
% of Portfolio
Ferguson PLC 5.21
ASML Holding NV 4.90
AstraZeneca PLC 4.29
Taiwan Semiconductor Manufacturing Co Ltd 4.18
Entain PLC 3.90
BNP Paribas SA 3.90
Teck Resources Ltd 3.73
Heineken NV 3.63
NN Group NV 3.59
Canadian Natural Resources Ltd 3.50
Total 40.83
View Full Holdings
Portfolio Characteristics (As of 09/30/2021)
  PORTFOLIO INDEX
Number of Holdings
Equity Issues
43 2353
Market Capitalization
Weighted Average
$121.03B $93.67B
Portfolio Turnover Rate
(1-year trailing)
21.57% -
Price/Earnings Ratio
(1-year forward)
20.25 21.48
Price/Book Ratio
(1-year forward)
4.05 3.68
Earnings Growth Rate
(1-year forward)
32.99% 33.46%
Sector Allocation % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 09/30/2021)
Financials 21.11 19.25
Information Technology 13.96 13.19
Industrials 11.82 12.17
Consumer Discretionary 11.67 12.67
Health Care 10.21 9.52
Materials 8.88 7.96
Communication Services 8.43 6.28
Consumer Staples 6.74 8.50
Energy 5.36 4.92
Cash & Equivalents 1.82 -
Regional Allocations % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 09/30/2021)
Europe 47.88 41.51
Asia/Pacific Ex Japan 26.72 30.85
North America 17.23 7.18
Japan 6.35 15.33
Cash & Equivalents 1.82 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF PORTFOLIO % OF INDEX % OF PORTFOLIO % OF INDEX (As of 09/30/2021)
Over $100B 38.52 25.72
$50B to $100B 14.71 21.63
$10B to $50B 39.10 39.51
$5B to $10B 0.89 9.43
$1B to $5B 4.11 2.60
$500M to $1B 0.81
N/A 0.04 1.11
Developed VS Emerging Markets % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 09/30/2021)
Non-U.S. Developed 71.30 69.93
Non-U.S. Emerging 18.18 29.92
U.S. 8.70 0.15
Cash & Equivalents 1.82 -

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