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For Financial Professionals in the US

VIT Enterprise Portfolio

A differentiated mid-cap growth strategy that takes a moderate approach to an asset class known for the potential for rapid growth

NAV
$76.81
As of 02/21/2025

1-Day Change
-$1.22 (-1.56%)
 As of 02/21/2025

YTD Return
2.80%
As of 02/21/2025

Morningstar Rating

As of 01/31/2025

Morningstar Medalist Rating ™

Bronze Morningstar Analyst Rating
As of 12/31/2024

Overview

About This Portfolio

By taking a moderate approach to an asset class with potential for rapid growth, this mid-cap growth fund has demonstrated lower volatility than the index. Unlike many competitor products that focus on short-term growth rates, this strategy seeks to invest in companies exhibiting sustainable and durable growth.

Why Invest in This Portfolio

Smart Growth Approach

The Portfolio’s investment approach focuses on long-duration, sustainable-growth companies with strong competitive advantages and large addressable markets. We seek to avoid companies with rapid but unsustainable, short-term growth profiles.

Deep, Specialized Team

The Portfolio benefits from experienced Portfolio Managers with expertise in mid-cap investing; in-depth fundamental research conducted by a dedicated team of experts exclusively focused on small-mid-cap companies; and the broader support of an insightful team of equity investment professionals.

Growth Potential with Tempered Volatility

The portfolio offers exposure to medium-size companies with resilient business models and is designed to weather a variety of market environments and take on moderately less risk than the index.

Portfolio Management

Brian Demain, CFA

Portfolio Manager

Industry since 1999. Joined Firm in 1999.

Philip Cody Wheaton, CFA

Portfolio Manager | Research Analyst

Industry since 2001. Joined Firm in 2001.

Performance

RETURNS (%) (As of 12/31/2024)
VIT Enterprise Portfolio Service Class Russell Midcap® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/13/1993)
VIT Enterprise Portfolio Service Class -0.24 15.32 15.32 4.43 9.60 12.12 10.91
Russell Midcap® Growth Index 8.14 22.10 22.10 4.04 11.47 11.54 10.34
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Mutual fund performance for some periods may incorporate returns from older share classes, adjusted for fees and expenses. Visit janushenderson.com/synthetic for specific details.
RETURNS (%) (As of 01/31/2025)
VIT Enterprise Portfolio Service Class Russell Midcap® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/13/1993)
VIT Enterprise Portfolio Service Class 6.40 4.64 20.15 8.43 10.50 12.64 11.04
Russell Midcap® Growth Index 13.07 6.38 30.60 11.21 12.65 12.42 10.53
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Mutual fund performance for some periods may incorporate returns from older share classes, adjusted for fees and expenses. Visit janushenderson.com/synthetic for specific details.
Calendar Year Returns (%)
VIT Enterprise Portfolio Service Class Russell Midcap® Growth Index
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
VIT Enterprise Portfolio Service Class 15.32 17.78 -16.15 16.54 19.18 35.16 -0.66 27.09 12.10 3.77
Russell Midcap® Growth Index 22.10 25.87 -26.72 12.73 35.59 35.47 -4.75 25.27 7.33 -0.20
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Mutual fund performance for some periods may incorporate returns from older share classes, adjusted for fees and expenses. Visit janushenderson.com/synthetic for specific details.

Morningstar Percentile

 (As of 12/31/2024)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 49 7 47 8 18
Mid-Cap Growth | Rank/Count 247/502 33/491 216/467 36/435 23/121
 (As of 01/31/2025)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 57 23 46 13 18
Mid-Cap Growth | Rank / Count 290/503 117/491 212/467 48/435 24/129

Growth of a Hypothetical Investment

Enterprise Portfolio - Service Shares Russell Midcap® Growth Index Mid-Cap Growth
Source: Morningstar, Inc.

This graph compares the performance of a hypothetical $1 investment in the fund, the fund’s Morningstar category average and its benchmark(s). Fund performance is on a Net Asset Value (NAV) basis with net income reinvested where applicable.

Returns-Based Statistics (As of 01/31/2025 Class SERVICE Shares)

RISK / REWARD
VS. Russell Mid Cap Growth TR Index		 3YR 5YR
Information Ratio -0.31 -0.19
Alpha -1.26 -0.23
Tracking Error 7.28 8.59
Beta 0.83 0.84
R-squared (%) 88.23 85.85
UP/DOWN MARKET CAPTURE (%)
Russell Mid Cap Growth TR Index		 3YR 5YR
Up Capture Ratio 78.75 82.07
Down Capture Ratio 88.63 89.48
STANDARD DEVIATION 3YR 5YR
Enterprise Portfolio 18.70 20.62
Russell Mid Cap Growth TR Index 21.24 22.65
SHARPE RATIO 3YR 5YR
Enterprise Portfolio 0.23 0.39
Russell Mid Cap Growth TR Index 0.32 0.43
Annual Fees & Expenses (As of the most recent prospectus)
SERVICE SHARES
Management Fees 0.64%
12b-1 Fees 0.25%
Other Expenses 0.08%
Total Gross Expenses 0.97%
Total Net Expenses 0.97%

Portfolio

Index represents the Russell MidCap® Growth Index.

Top Holdings (As of 01/31/2025)
% of Fund
Constellation Software Inc/Canada 4.76
GoDaddy Inc 3.89
Boston Scientific Corp 3.43
SS&C Technologies Holdings Inc 3.30
Flex Ltd 2.84
AppLovin Corp 2.68
Intact Financial Corp 2.64
Revvity Inc 2.38
LPL Financial Holdings Inc 2.32
Teledyne Technologies Inc 2.26
TOTAL 30.50
View full holdings
Portfolio Characteristics (As of 01/31/2025)
  PORTFOLIO INDEX
Number of Holdings
Equity Issues		 81 289
Market Capitalization
Weighted Average		 $31.45B $37.96B
Portfolio Turnover Rate
(1-year trailing)		 13.26% -
Price/Earnings Ratio
(1-year forward)		 19.84 27.96
Price/Book Ratio
 3.75 10.33
Earnings Growth Rate
(1-year forward)		 16.59% 19.09%
Sector Allocation % of Fund % of Index % of Fund % of Index As of 01/31/2025
Equity country, regional, sector and industry weights primarily based on MSCI and GICS classifications.
Regional Allocation % of Fund % of Index % of Fund % of Index As of 01/31/2025
Developed vs Emerging Markets % of Fund % of Index % of Fund % of Index As of 01/31/2025
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 01/31/2025

Documents

Related Insights

Our intellectual capital is readily available and central to our Knowledge Shared approach"
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