Fund Evaluator:

Janus Henderson VIT Enterprise Instl Overview

Janus Henderson VIT Enterprise Instl (JAAGX) is an actively managed U.S. Equity Mid-Cap Growth fund. Janus Henderson launched the fund in 1993.

The investment seeks long-term growth of capital. The Portfolio pursues its investment objective by investing primarily in common stocks selected for their growth potential, and normally invests at least 50% of its equity assets in medium-sized companies. The Portfolio considers medium-sized companies to be those whose market capitalization falls within the range of companies in the Russell Midcap® Growth Index. Market capitalization is a commonly used measure of the size and value of a company. It may also invest in foreign securities.

About Janus Henderson VIT Enterprise Instl (JAAGX)

There are 2 members of the management team with an average tenure of 14.43 years: Philip Cody Wheaton (2016), Brian Demain (2007). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell Mid Cap Growth TR USD index with a weighting of 100%. Janus Henderson VIT Enterprise Instl has 83 securities in its portfolio. The top 10 holdings constitute 30.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Janus Henderson VIT Enterprise Instl is part of the Equity global asset class and is within the U.S. Equity fund group. Janus Henderson VIT Enterprise Instl has 17.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 78.0%. There is 17.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Janus Henderson VIT Enterprise Instl has 4.7% of the portfolio in cash.

Assets Under Management

The fund has $705 million in total assets, which is above the $658 million average for the Mid-Cap Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

JAAGX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Janus Henderson VIT Enterprise Instl expense ratio is above average compared to funds in the Mid-Cap Growth category. Janus Henderson VIT Enterprise Instl has an expense ratio of 0.72%, which is 34% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Janus Henderson VIT Enterprise Instl has a portfolio turnover rate of 21%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Mid-Cap Growth category.

Recently, in the month of July 2026, Janus Henderson VIT Enterprise Instl returned -1.5%, which earned it a grade of A, as the Mid-Cap Growth category had an average return of -5.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Janus Henderson VIT Enterprise Instl has a trailing yield of 0.17%, which is above the 0.03% category average. The fund normally distributes its income semi-annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Janus Henderson VIT Enterprise Instl Grades

Year to date, the fund has returned 7.7%, 2.0 percentage points better than the category, which translates into a grade of B. The fund has returned 10.7% over the past year (grade of B), 10.9% over the past three years (grade of C) and 6.7% per year over the past five years (grade of A) and 12.5% per year over the past 10 years (grade of A).

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