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Janus' Nascent Value Lineup Sputters

Value maven Decker stands by El Paso, Apple.


Investors couldn't wait to throw money at Janus' new value fund early last year, but they're probably feeling a little less eager these days.

It has been a rough year for manager David Decker's two funds, Janus Strategic Value (JSVAX) and Janus Special Situations (JASSX), to say the least. Among other things, both funds were hit hard by Winstar's (WCII) blowup earlier this year. Both funds are well in the red for the year to date and land toward the bottom of their respective categories. Decker is shaking things up a bit, but he's also sticking with some positions that are hurting returns in the short term.

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