Effective at the start of the year,
Janus Capital Management will no longer pay its subsidiary
Enhanced Investment Technologies (Intech) a fixed rate for subadvising five of the Denver firm's funds, according to SEC filings. (see
here and
here). Janus will instead pay Intech a fee equal to 50 percent of the investment advisory fee paid by the funds to Janus. The
Janus Adviser Intech Risk-Managed Growth Fund, the
Janus Adviser Intech Risk-Managed Value Fund, and the
Janus Adviser Intech Risk-Managed International Fund currently pay Janus Capital a fixed rate based on the funds' annual average daily net assets, while the
Janus Adviser Intech Risk-Managed Core Fund and the
Intech Risk-Managed Stock Fund currently pay Janus a monthly base fee.
 
Correction: An initial version of this story incorrectly stated the number of funds affected the by the change.
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