Crown Castle International Corp

A low fee and broad diversification make this fund a top choice.

Crown's fiber networks and small cell infrastructure don't benefit from the same competitive advantages as its traditional cellphone towers.

The business model is fantastic, but the industry isn't risk-free, and interest rate sensitivity could hurt.

Wireless-tower companies such as Crown Castle, American Tower, and SBA have dug themselves economic moats through high customer switching costs, but carrier consolidation is a risk.

With volatility creeping back into the market and most technology and telecom names trading at or above fair value, we fall back on our moat methodology

Corporates are likely to struggle during the next few months as investors attempt to anticipate when and how quickly the Fed will taper its asset purchases and the subsequent bond market reaction, says Morningstar's Dave Sekera.

The investment prospects of American Tower, Crown Castle, and SBA Communications tower above those of telecom peers.

Its structure is changing, but its asset base, debt load, and operational execution keep it tops.

Take notice of strong dividends and attractive valuations.

We continue to favor the companies with strong competitive advantages.

Media and telecom offer some pockets of stability, but few signs of an economic rebound.

Janus' co-CIO Jonathan Coleman says the market is not differentiating high- from low-quality companies in many sectors.

A new management team has started to perk up this once-moribund fund.