Janus Announces Co-Managed Income Fund

Janus Capital Group has unveiled the Perkins Value Plus Income Fund (JPVAX). 

A Janus news release said the offering represents the firm’s first jointly managed product that combines efforts by Perkins Investment Management with those of the Janus Fixed Income team.

According to the announcement, the Perkins Value Plus Income Fund will strive to provide investors current income with the potential for additional capital appreciation by investing in a combination of equity securities and credit-oriented fixed income securities.

The fund will typically invest 50% of its assets in equity securities using the Perkins’ methodology with an additional screen for income and 50% of its assets in credit-oriented fixed income securities, including high-yield and preferred securities. However, the portfolio has the flexibility to adjust this mix in response to changing economic and market conditions, the news release added.

Perkins will be responsible for the day-today management of the equity allocation and Janus will be responsible for the day-to-day management of the fixed income allocation. The fund has an effective date of July 30, 2010.

Jeff Kautz and Ted Thome of Perkins will serve as the equity portfolio managers. Janus’ Gibson Smith and Darrell Watters will co-manage the fixed income portfolio.

The benchmark for the equity allocation will be Russell 1000 Value, the benchmark for the fixed income allocation will be Barclays Capital U.S. Aggregate Bond, and the blended benchmark will be 50% Russell 1000 Value and 50% Barclays Capital U.S. Aggregate Bond.

“Our clients are increasingly focused on protecting their purchasing power over the long-term, and we believe this new Perkins Value Plus Income Fund may be an ideal choice to consider,” said Dick Weil, CEO of Janus Capital Group, in the news release.

More information about the fund is at https://ww3.janus.com/advisor/mutual-funds/prospectuses-literature.