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Fund Spy: Morningstar Medalist Edition

Janus' Culture Has Improved

A deep look at Janus today.

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Morningstar recently issued a new Stewardship Grade for Janus. The firm's overall grade--which considers corporate culture, fund board quality, fund manager incentives, fees, and regulatory history--is a B. What follows is Morningstar's analysis of the firm's corporate culture, for which Janus receives a C. This text, as well as analytical text on the other four Stewardship Grade criteria, is available to subscribers of Morningstar's software for advisors and institutions: Morningstar Advisor Workstation(SM), Morningstar Office(SM), and Morningstar Direct(SM).

Janus continues to evolve, both in terms of the strategies it offers and on the personnel front. Once arguably a one-trick pony investing in large-growth stocks from its inception through the 1990s, the asset manager has made great strides in diversifying its business. It has done so not only by equity investment style but also by asset class and distribution channel. Indeed, the 10 Janus funds that are Morningstar Medalists include two fixed-income offerings ( Janus Flexible Bond (JANFX) and  Janus High-Yield (JNHYX)), a moderate-allocation fund ( Janus Balanced (JABAX)), and value offering  Perkins Small Cap Value (JSIVX). Recent acquisitions and hires underscore its efforts to diversify its business and investment performance as well as investor type, which should promote stability—an attribute particularly appreciated from asset managers that are traded publicly.

Greg Carlson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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