C000121693 Fees and Costs — Janus Henderson Diversified Alternatives Fund, Class I
Data updated: 2020-05-29
The net expense ratio is 1.15%: a 1.00% management fee plus 0.62% other expenses, less a 0.47% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $48K in broker commissions, 0.0468% of average net assets, and portfolio turnover was 0%.
C000121693 Fees and Expenses
Annual operating expenses and sales charges of C000121693. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.62% |
| Gross expense ratio | 1.62% |
| Fee waiver | −0.47% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000121693 Costs Over Time
On $10,000 invested in C000121693, assuming 5% a year before costs, total costs come to $746 over 5 years, cutting the return by 1.26% 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 1.15%) | $121 | $376 | $651 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $19 | $69 |
| Total costs | $126 | $411 | $746 |
| Value after costs | $10,374 | $11,166 | $12,017 |
| Impact on return, per year | 1.26% | 1.26% | 1.26% |
C000121693 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0468%
- Total broker commissions: $48K
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000121693 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $46K | 95.26% |
| UBS Securities LLC | $2K | 3.22% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $403 | 0.83% |
| Citigroup Global Markets Inc. | $333 | 0.69% |
C000121693 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $1.0B | 53.03% |
| Barclays Capital Inc. | $561.4M | 29.28% |
| Goldman Sachs & Co. LLC | $173.8M | 9.07% |
| JP Morgan Securities LLC | $38.2M | 1.99% |
| Citigroup Global Markets Inc. | $33.8M | 1.76% |
| Nomura Securities International, Inc. | $32.7M | 1.70% |
| Natwest Markets Securities Inc. | $32.6M | 1.70% |
| UBS Securities LLC | $28.2M | 1.47% |
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.