C000028720 Fees and Costs — Janus Henderson Enterprise Portfolio, Service Shares
Data updated: 2026-08-26
The net expense ratio is 0.97%: a 0.64% management fee, a 0.25% 12b-1 fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $251K in broker commissions, 0.0140% of average net assets, and portfolio turnover was 21%.
C000028720 Fees and Expenses
Annual operating expenses and sales charges of C000028720. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.97% |
| Fee waiver | — |
| Net expense ratio | 0.97% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000028720 Costs Over Time
On $10,000 invested in C000028720, assuming 5% a year before costs, total costs come to $616 over 5 years, cutting the return by 1.03% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.97%) | $102 | $318 | $551 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $338 | $616 |
| Value after costs | $10,397 | $11,238 | $12,147 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
C000028720 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0140%
- Total broker commissions: $251K
- Bought from dealers (principal trades, not a cost): $21.5M
- Portfolio turnover (prospectus): 21%
- Securities on loan, average value: $4.3M
- Net income from securities lending: $12K (0.001% of average net assets)
C000028720 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $46K | 22.70% |
| Goldman Sachs & Co. LLC | $25K | 12.56% |
| JP Morgan Securities LLC | $22K | 11.09% |
| Jefferies LLC | $22K | 10.90% |
| Liquidnet, Inc. | $22K | 10.90% |
| William Blair & Company, LLC | $18K | 8.79% |
| Morgan Stanley | $13K | 6.43% |
| UBS Securities LLC | $13K | 6.38% |
| Citigroup Global Markets Inc. | $11K | 5.55% |
| Wells Fargo Securities, LLC | $9K | 4.70% |
C000028720 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $8.6M | 40.04% |
| UBS Securities LLC | $7.5M | 34.94% |
| LEERINK PARTNERS LLC | $3.8M | 17.47% |
| JP Morgan Securities LLC | $1.3M | 6.17% |
| Citigroup Global Markets Inc. | $291K | 1.35% |
| Sanford C. Bernstein & Co., LLC | $6K | 0.03% |
Janus Henderson Enterprise Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JAAGX | Institutional Shares | 0.72% | — |
| C000028720 | Service Shares | 0.97% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.