May 21, 2003 — Janus plans to introduce a new portfolio, the Janus Adviser High-Yield Fund, which will be managed by Sandy Rufenacht, manager of its existing $1-billion Janus High Yield Fund (JAHYX).
“The new fund will essentially be a mirror product of the existing High-Yield fund,” said Jeb Avery, manager of institutional services at Janus.
For the five-year period ended April 30, Janus High-Yield fund gained an average annualized 3.5%, versus 0.5% for its peers. The portfolio is ranked 4 Stars by Standard & Poor’s.
In addition, Janus said it will be imposing a 1.00% redemption fee on the following six Janus Adviser series funds, effective June 2:
*Janus Adviser:International Value/I (JADVX)
*Janus Adviser International Growth Fund (JIGRX)
*Janus Adviser:Worldwide Fund/I (JWGRX)
*Janus Adviser:Risk Managed Large Cap Core/I (JLCIX)