Investment objective & strategy
As of April 28, 2025 · prospectusObjective. The Portfolios investment goal is long-term growth of capital.
Strategy. The Portfolio attempts to achieve its goal by investing, under normal market conditions, at least 65% of its assets in equity securities of companies selected for their long-term growth potential. The Portfolio is non-diversified and, thus, will generally hold a core position of 30 to 40 common stocks. The Portfolio invests primarily in common stocks of large-cap companies but may also invest in smaller, emerging growth companies. The Portfolio may invest up to 25% of its assets in foreign securities which may include emerging market securities. In selecting investments for the Portfolio, the subadviser seeks to invest in companies with distinct long-term competitive advantages, strong free cash flow generation and that trade at attractive valuations. The subadviser applies a bottom … The Portfolio attempts to achieve its goal by investing, under normal market conditions, at least 65% of its assets in equity securities of companies selected for their long-term growth potential. The Portfolio is non-diversified and, thus, will generally hold a core position of 30 to 40 common stocks. The Portfolio invests primarily in common stocks of large-cap companies but may also invest in smaller, emerging growth companies. The Portfolio may invest up to 25% of its assets in foreign securities which may include emerging market securities. In selecting investments for the Portfolio, the subadviser seeks to invest in companies with distinct long-term competitive advantages, strong free cash flow generation and that trade at attractive valuations. The subadviser applies a bottom up approach in choosing investments. In other words, the portfolio managers look at companies one at a time to determine if a company is an attractive investment opportunity and if it is consistent with the Portfolios investment policies. The subadviser may reduce or sell the Portfolios investments in portfolio securities if, in the opinion of the subadviser, replacing a security with another is a more attractive investment, a security has reached full valuation, or the investment outlook for a security changes.
Top holdings
As of April 30, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $64.02M | 12.80% |
| AMAZON.COM INC | — | $46.04M | 9.21% |
| BROADCOM INC | — | $32.50M | 6.50% |
| MICROSOFT CORP | — | $31.55M | 6.31% |
| TAIWAN SEMIC MFG CO LTD SP ADR | — | $27.73M | 5.54% |
| ALPHABET INC CL C | — | $26.66M | 5.33% |
| APPLE INC | — | $24.66M | 4.93% |
| EATON CORP PLC | — | $20.61M | 4.12% |
| META PLATFORMS INC CL A | — | $18.48M | 3.69% |
| ORACLE CORP | — | $18.48M | 3.69% |
Portfolio moves
Jan 31, 2026 → Apr 30, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Janus Henderson Forty Fund · JDCAX, JACCX, JCAPX, JDCRX, JARTX, JACTX, JFRNX, JFRDX | 88% | 0.56% |
| Janus Henderson Forty Portfolio · JACAX | 87% | 0.58% |
| Focused Growth Portfolio | 83% | 0.75% |
Advisers
| Firm | Role |
|---|---|
| Janus Henderson Investors US LLC | Sub-adviser |
| SunAmerica Asset Management, LLC | Adviser |
Footnotes
- Net assets and holdings count as of April 30, 2026, from the fund's N-PORT filing.
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