C000028733 Fees and Costs — Janus Henderson Flexible Bond Portfolio, Service Shares
Data updated: 2026-08-26
The net expense ratio is 0.82%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.14% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $31K in broker commissions, 0.0049% of average net assets, and portfolio turnover was 177%.
C000028733 Fees and Expenses
Annual operating expenses and sales charges of C000028733. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.89% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.82% |
| 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 |
C000028733 Costs Over Time
On $10,000 invested in C000028733, assuming 5% a year before costs, total costs come to $518 over 5 years, cutting the return by 0.87% 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 0.82%) | $86 | $269 | $468 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $87 | $284 | $518 |
| Value after costs | $10,413 | $11,292 | $12,245 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
C000028733 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): 0.0049%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 177%
- Securities on loan, average value: $620K
- Net income from securities lending: $40K (0.006% of average net assets)
C000028733 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $8K | 26.29% |
| UBS Securities LLC | $7K | 23.78% |
| Citigroup Global Markets Inc. | $5K | 15.78% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $4K | 12.54% |
| Deutsche Bank Securities Inc. | $3K | 10.90% |
| Morgan Stanley | $2K | 6.07% |
| Barclays Capital Inc. | $806 | 2.64% |
| VIRTU ITG LLC | $609 | 2.00% |
C000028733 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $514.7M | 29.34% |
| Goldman Sachs & Co. LLC | $203.2M | 11.58% |
| Morgan Stanley | $201.3M | 11.47% |
| JP Morgan Securities LLC | $197.5M | 11.26% |
| Wells Fargo Securities, LLC | $167.4M | 9.54% |
| Barclays Capital Inc. | $145.8M | 8.31% |
| TD Securities (USA) LLC | $114.9M | 6.55% |
| Citigroup Global Markets Inc. | $99.1M | 5.65% |
| RBC Capital Markets, LLC | $56.9M | 3.24% |
| BMO Capital Markets Corp. | $53.8M | 3.06% |
Janus Henderson Flexible Bond Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JAFLX | Institutional Shares | 0.57% | — |
| C000028733 | Service Shares | 0.82% | — |
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.