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
$40.64
As of 05/14/2021

1-Day Change
$0.95 (2.39%)
As of 05/14/2021

YTD Return
11.10%
As of 05/14/2021

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 03/31/2021)
VIT Overseas Portfolio - Class SS Shares MSCI All Country World ex-U.S. Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/02/1994)
VIT Overseas Portfolio - Class SS Shares 4.98 4.98 62.29 8.81 12.05 1.23 8.66
MSCI All Country World ex-U.S. Index℠ 3.49 3.49 49.41 6.51 9.76 4.93 -
RETURNS (%) (As of 04/30/2021)
VIT Overseas Portfolio - Class SS Shares MSCI All Country World ex-U.S. Index℠
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(05/02/1994)
VIT Overseas Portfolio - Class SS Shares 10.55 9.19 54.77 9.86 12.72 1.63 8.79
MSCI All Country World ex-U.S. Index℠ 6.31 6.54 42.98 6.98 9.83 4.73 -
CALENDAR YEAR RETURNS (%)
VIT Overseas Portfolio - Class SS Shares MSCI All Country World ex-U.S. Index℠
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
VIT Overseas Portfolio - Class SS 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 03/31/2021)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 6 11 4 100 6
Foreign Large Blend Category|Rank/Count 56/757 80/690 28/641 497/505 9/130
(As Of 04/30/2021)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 6 7 3 100 6
Foreign Large Blend Category|Rank/Count 42/761 70/695 22/646 501/509 9/132

RETURNS-BASED STATISTICS (As of 04/30/2021 Inst Shares)

RISK / REWARD
VS. MSCI All Country World ex-U.S. Index℠
3YR 5YR
Information Ratio 0.67 0.70
Alpha 2.40 1.98
Tracking Error 4.66 4.51
Beta 1.12 1.12
R-squared (%) 95.87 93.98
UP/DOWN MARKET CAPTURE (%)
VS. MSCI All Country World ex-U.S. Index℠
3YR 5YR
Up Capture Ratio 121.11 118.20
Down Capture Ratio 108.71 106.19
STANDARD DEVIATION 3YR 5YR
VIT Overseas Portfolio 20.30 16.92
MSCI All Country World ex-U.S. Index℠ 17.70 14.63
SHARPE RATIO 3YR 5YR
VIT Overseas Portfolio 0.43 0.70
MSCI All Country World ex-U.S. Index℠ 0.31 0.59
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 12/31/2020)
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 04/30/2021)
% of Portfolio
Tencent Holdings Ltd 4.78
Ferguson PLC 4.74
Taiwan Semiconductor Manufacturing Co Ltd 4.34
ASML Holding NV 4.32
Heineken NV 4.03
BNP Paribas SA 3.89
AstraZeneca PLC 3.79
NN Group NV 3.42
AIA Group Ltd 3.27
Teck Resources Ltd 3.16
Total 39.74
View Full Holdings
Portfolio Characteristics (As of 04/30/2021)
  PORTFOLIO INDEX
Number of Holdings
Equity Issues
43 2354
Market Capitalization
Weighted Average
$155.75B $105.59B
Portfolio Turnover Rate
(1-year trailing)
25.26% -
Price/Earnings Ratio
(1-year forward)
21.38 22.19
Price/Book Ratio
(1-year forward)
4.84 3.85
Earnings Growth Rate
(1-year forward)
37.18% 23.83%
Sector Allocation % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 04/30/2021)
Financials 21.26 18.87
Information Technology 13.86 13.03
Consumer Discretionary 12.65 13.54
Communication Services 10.34 7.06
Industrials 10.03 11.61
Health Care 9.95 8.95
Materials 9.45 8.48
Consumer Staples 6.92 8.39
Energy 4.73 4.36
Cash & Equivalents 0.81 -
Regional Allocations % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 04/30/2021)
Europe 46.62 40.83
Asia/Pacific Ex Japan 31.11 32.12
North America 13.75 6.96
Japan 7.71 14.85
Cash & Equivalents 0.81 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF PORTFOLIO % OF INDEX % OF PORTFOLIO % OF INDEX (As of 04/30/2021)
Over $100B 39.83 26.48
$50B to $100B 18.38 20.45
$10B to $50B 35.38 39.89
$5B to $10B 0.81 9.23
$1B to $5B 3.90 2.79
$500M to $1B 0.78
N/A 0.11 1.16
Developed VS Emerging Markets % OF PORTFOLIO % of Index % OF PORTFOLIO % of Index (As of 04/30/2021)
Non-U.S. Developed 69.42 68.91
Non-U.S. Emerging 23.65 30.91
U.S. 6.12 0.18
Cash & Equivalents 0.81 -

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