C000028736 Fees and Costs — Janus Henderson Forty Portfolio, Service Shares
Data updated: 2026-08-26
The net expense ratio is 0.87%: a 0.54% 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 $240K in broker commissions, 0.0204% of average net assets, and portfolio turnover was 30%.
C000028736 Fees and Expenses
Annual operating expenses and sales charges of C000028736. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.54% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.87% |
| Fee waiver | — |
| Net expense ratio | 0.87% |
| 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 |
C000028736 Costs Over Time
On $10,000 invested in C000028736, assuming 5% a year before costs, total costs come to $558 over 5 years, cutting the return by 0.93% 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 0.87%) | $91 | $285 | $495 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $306 | $558 |
| Value after costs | $10,407 | $11,270 | $12,205 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
C000028736 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): 0.0204%
- Total broker commissions: $240K
- Bought from dealers (principal trades, not a cost): $3.7M
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $832K
- Net income from securities lending: $3K (0.000% of average net assets)
C000028736 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $76K | 35.76% |
| Goldman Sachs & Co. LLC | $22K | 10.34% |
| Jefferies LLC | $21K | 9.95% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $20K | 9.41% |
| UBS Securities LLC | $16K | 7.66% |
| JP Morgan Securities LLC | $16K | 7.52% |
| Citigroup Global Markets Inc. | $14K | 6.38% |
| Liquidnet, Inc. | $10K | 4.85% |
| Cowen and Company | $9K | 4.32% |
| RBC Capital Markets, LLC | $8K | 3.83% |
C000028736 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $3.7M | 100.00% |
Janus Henderson Forty Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JACAX | Institutional Shares | 0.62% | — |
| C000028736 | Service Shares | 0.87% | — |
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.