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Common Ground, but Divergent Ratings, for 2 Small-Cap Funds

The managers at Meridian Growth and Janus Triton used to work together, but only one fund earns our medalist rating today.

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Greg Carlson: Today, I'm going to discuss two small-growth funds with some common ground--Janus Triton (JATTX) and Meridian Growth (MRIGX). Janus Triton is run by Jonathan Coleman while Meridian Growth is run by Chad Meade and Brian Schaub. The latter two managers previously worked with Coleman at Janus on small- and mid-cap growth funds, so naturally there is some philosophical overlap there. Both funds try to invest in companies with relatively stable revenue streams and overall higher quality than a typical small-growth fund. They also invest in a mix of small- and mid-cap stocks in both cases.

Triton tends to hold a larger number of stocks--about 115--whereas Meridian Growth holds about 70 to 80. That's because Coleman has historically been more comfortable with a higher number of stocks. Also, Coleman has a greater deal of experience with mid-cap stocks and large-cap stocks, so his fund has a higher average market cap.

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