C000117905 Fees and Costs — Janus Henderson Adaptive Risk Managed U.S. Equity Portfolio, Service Shares
Data updated: 2023-05-30
The net expense ratio is 0.77%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.07% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $20K in broker commissions, 0.0888% of average net assets, and portfolio turnover was 157%.
C000117905 Fees and Expenses
Annual operating expenses and sales charges of C000117905. Prospectus, as of May 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.77% |
| 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 |
C000117905 Costs Over Time
On $10,000 invested in C000117905, assuming 5% a year before costs, total costs come to $539 over 5 years, cutting the return by 0.90% 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 0.77%) | $81 | $253 | $439 |
| Trading costs (broker commissions) | $9 | $29 | $51 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $296 | $539 |
| Value after costs | $10,410 | $11,281 | $12,224 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
C000117905 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0888%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 157%
- Securities on loan, average value: $186K
- Net income from securities lending: $8K (0.033% of average net assets)
C000117905 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $14K | 68.96% |
| Goldman Sachs & Co. LLC | $2K | 8.63% |
| Jefferies LLC | $2K | 8.29% |
| JP Morgan Securities LLC | $903 | 4.56% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $628 | 3.17% |
| Guzman & Company | $361 | 1.82% |
| Cowen and Company | $361 | 1.82% |
| Credit Suisse Securities (USA) LLC | $199 | 1.00% |
| Piper Jaffray & Co. | $175 | 0.88% |
| Rosenblatt Securities Inc. | $171 | 0.86% |
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.