Morningstar Rating

Fund Research and Analysis

by Andrew Gogerty
We think Janus Growth & Income will ultimately outperform under new management.

Manager Marc Pinto has had mixed success since taking the helm of this large-growth offering in November 2007. The fund's stakes in consumer discretionary and energy stocks weighed on returns in 2008, as did a few misfires in the fund's fixed-income sleeve (typically between 5% and 15% of assets).  Read more 

Kudos

Modest costs.
New manager has had success at his other charges and will employ a similar style here. Read more 

Risks

Recent, multiple manager departures at the firm are troubling. Read more 

Strategy

New manager Marc Pinto will run the equity portion of this fund to closely resemble the equity sleeve of Janus Balanced JABAX, which he continues to manage. He uses a conservative growth strategy and focuses on firms with good business models and strong competitive positions and looks at returns on invested capital and profit margins for supporting evidence.  Read more 

Management

Marc Pinto took the helm of this offering in November 2007 after Minyoung Sohn, who had run this fund since January 2004, left Janus. Pinto will continue to manage the equity sleeve of Janus Balanced and will run the both funds with a similar approach.  Read more 

Inside Scoop

Manager Minyoung Sohn left the fund in November 2007 after a nearly three-year stint. He was replaced by Marc Pinto, who heads the equity sleeve of Janus Balanced and has a longer history of managing the firm's institutional accounts.  Read more 

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