HFASX Fees and Costs — Janus Henderson Developed World Bond Fund, Class S
Data updated: 2026-09-14
The net expense ratio is 1.07%: a 0.55% management fee, a 0.25% 12b-1 fee plus 3.27% other expenses, less a 3.00% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $16K in broker commissions, 0.0029% of average net assets, and portfolio turnover was 84%.
HFASX Fees and Expenses
Annual operating expenses and sales charges of HFASX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 3.27% |
| Gross expense ratio | 4.07% |
| Fee waiver | −3.00% |
| Net expense ratio | 1.07% |
| 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 |
HFASX Costs Over Time
On $10,000 invested in HFASX, assuming 5% a year before costs, total costs come to $670 over 5 years, cutting the return by 1.13% 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 1.07%) | $112 | $350 | $607 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $113 | $369 | $670 |
| Value after costs | $10,387 | $11,208 | $12,093 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
HFASX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0029%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 84%
- Securities on loan, average value: $1.8M
- Net income from securities lending: $32K (0.006% of average net assets)
HFASX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $6K | 36.66% |
| Liquidnet, Inc. | $4K | 23.85% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $4K | 23.35% |
| UBS Securities LLC | $2K | 12.46% |
| RBC Capital Markets, LLC | $528 | 3.25% |
| Marex Capital Markets, Inc. | $69 | 0.42% |
HFASX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $134.2M | 18.04% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $122.0M | 16.40% |
| Morgan Stanley & Co. LLC | $118.7M | 15.96% |
| Goldman Sachs & Co. LLC | $92.1M | 12.38% |
| Citigroup Global Markets Inc. | $71.6M | 9.62% |
| BNP Paribas Securities Corp. | $60.8M | 8.17% |
| Deutsche Bank Securities Inc. | $43.8M | 5.89% |
| Barclays Capital, Inc. | $39.4M | 5.30% |
| HSBC Securities (USA) Inc. | $31.8M | 4.27% |
| Nomura Securities International, Inc. | $29.6M | 3.97% |
Janus Henderson Developed World Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HFAIX | Class I | 0.57% | none |
| HFARX | Class N | 0.57% | none |
| HFADX | Class D | 0.68% | — |
| HFAAX | Class A | 0.82% | 4.75% |
| HFATX | Class T | 0.82% | none |
| HFASX | Class S | 1.07% | none |
| HFACX | Class C | 1.57% | none |
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.