Janus Capital Group rolled out Perkins Value Plus Income Fund, the first product it will jointly manage with another firm, on Thursday, July 29. The new fund will combine Perkins Investment Management’s value expertise and the credit expertise of Janus’s fixed income team, a statement by Janus said.
Perkins Value Plus Income Fund, which has an effective date of July 30, seeks 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, according to Janus. The fund will typically invest 50% of its assets in equity securities using the Perkins’s 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. Perkins will be responsible for the day-to-day management of the equity allocation, and Janus will manage the fixed income allocation.
Jeff Kautz and Ted Thome of Perkins will serve as the equity portfolio managers. Kautz is the firm’s chief investment officer and co-portfolio manager of the Perkins Mid Cap Value strategy. Thome is a research analyst, who covers the healthcare industry.