C000028722 Fees and Costs — Janus Henderson Mid Cap Value Portfolio, Service Shares
Data updated: 2026-08-26
The net expense ratio is 1.08%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.21% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $56K in broker commissions, 0.0490% of average net assets, and portfolio turnover was 40%.
C000028722 Fees and Expenses
Annual operating expenses and sales charges of C000028722. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.11% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.08% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000028722 Costs Over Time
On $10,000 invested in C000028722, assuming 5% a year before costs, total costs come to $704 over 5 years, cutting the return by 1.19% 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 1.08%) | $113 | $353 | $612 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $388 | $704 |
| Value after costs | $10,381 | $11,189 | $12,058 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
C000028722 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): 0.0490%
- Total broker commissions: $56K
- Bought from dealers (principal trades, not a cost): $681.7M
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
C000028722 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $6K | 14.44% |
| JP Morgan Securities LLC | $6K | 13.72% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $6K | 13.10% |
| Goldman Sachs & Co. LLC | $5K | 11.43% |
| Liquidnet, Inc. | $5K | 11.06% |
| Citigroup Global Markets Inc. | $4K | 9.54% |
| UBS Securities LLC | $4K | 8.62% |
| Morgan Stanley | $3K | 6.45% |
| Cowen and Company | $3K | 5.98% |
| Raymond James & Associates, Inc. | $3K | 5.66% |
C000028722 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ING Financial Markets LLC | $680.7M | 99.85% |
| JP Morgan Securities LLC | $538K | 0.08% |
| Goldman Sachs & Co. LLC | $335K | 0.05% |
| Morgan Stanley | $117K | 0.02% |
Janus Henderson Mid Cap Value Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JAMVX | Institutional Shares | 0.83% | — |
| C000028722 | Service Shares | 1.08% | — |
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.