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Fund Spy

Is Janus on the Mend?

This fund company is trying to right the ship.

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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 C. What follows is Morningstar's analysis of the firm's corporate culture, for which Janus receives a D. 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).

Known as a growth-investing powerhouse through the 1990s, Janus has endured ups and downs in the 14 years since the tech-media-and-telecom bubble burst in the early 2000s--an event that took the fund family's superior track record at the time and reputation down with it. To the firm's credit, it has strengthened its research organization and diversified its mutual fund lineup--something that can't be said of all the growth-equity shops of the 1990s.

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