HFOSX Fees and Costs — Janus Henderson International Opportunities Fund, Class S
Data updated: 2023-05-30
The net expense ratio is 1.34%: a 1.00% management fee, a 0.25% 12b-1 fee plus 5.00% other expenses, less a 4.91% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $1.3M in broker commissions, 0.1333% of average net assets, and portfolio turnover was 88%.
HFOSX Fees and Expenses
Annual operating expenses and sales charges of HFOSX. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 5.00% |
| Gross expense ratio | 6.25% |
| Fee waiver | −4.91% |
| Net expense ratio | 1.34% |
| 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 |
HFOSX Costs Over Time
On $10,000 invested in HFOSX, assuming 5% a year before costs, total costs come to $913 over 5 years, cutting the return by 1.55% 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 1.34%) | $141 | $437 | $754 |
| Trading costs (broker commissions) | $14 | $43 | $75 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $155 | $504 | $913 |
| Value after costs | $10,345 | $11,072 | $11,850 |
| Impact on return, per year | 1.55% | 1.55% | 1.55% |
HFOSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1333%
- Total broker commissions: $1.3M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 88%
- Securities lending: none during the year
HFOSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $216K | 21.12% |
| Morgan Stanley | $166K | 16.29% |
| CHINA INTL CAP CORP (CICC) | $110K | 10.77% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $98K | 9.58% |
| Credit Suisse Securities (USA) LLC | $95K | 9.29% |
| UBS Securities LLC | $74K | 7.26% |
| Jefferies LLC | $71K | 6.91% |
| CLSA Americas, LLC | $70K | 6.84% |
| Citigroup Global Markets Inc. | $68K | 6.68% |
| JP Morgan Securities LLC | $54K | 5.27% |
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.