C000183933 Fees and Costs — Janus Henderson International Long/Short Equity Fund, Class A
Data updated: 2020-05-29
The net expense ratio is 3.06% (3.75% before fee waivers). This share class carries a maximum front-end sales load of 5.75%. Portfolio turnover was 186%.
C000183933 Fees and Expenses
Annual operating expenses and sales charges of C000183933. Prospectus, as of October 31, 2017.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.94% |
| Gross expense ratio | 3.75% |
| Fee waiver | −0.69% |
| Net expense ratio | 3.06% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000183933 Costs Over Time
On $10,000 invested in C000183933, assuming 5% a year before costs, total costs come to $2,465 over 5 years, cutting the return by 4.41% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 3.06%) | $303 | $925 | $1,569 |
| Lost growth on money paid in costs | $29 | $137 | $321 |
| Total costs | $907 | $1,637 | $2,465 |
| Value after costs | $9,593 | $9,939 | $10,298 |
| Impact on return, per year | 9.07% | 5.20% | 4.41% |
C000183933 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 186%
- Securities lending: none during the year
C000183933 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $3K | 22.63% |
| Nomura Securities International, Inc. | $2K | 16.82% |
| Citigroup Global Markets Inc. | $2K | 15.74% |
| Morgan Stanley | $1K | 11.88% |
| Credit Suisse Securities (USA) LLC | $1K | 11.70% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $828 | 6.90% |
| Macquarie Capital (USA) Inc. | $586 | 4.88% |
| CLSA Americas, LLC | $545 | 4.54% |
| JP Morgan Securities LLC | $357 | 2.97% |
| MUFG SECURITIES AMERICAS INC. | $232 | 1.93% |
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.