HFQSX Fees and Costs — Janus Henderson Global Equity Income Fund, Class S
Data updated: 2026-08-26
The net expense ratio is 1.20%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.30% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $7.6M in broker commissions, 0.1308% of average net assets, and portfolio turnover was 175%.
HFQSX Fees and Expenses
Annual operating expenses and sales charges of HFQSX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.20% |
| Fee waiver | — |
| Net expense ratio | 1.20% |
| 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 |
HFQSX Costs Over Time
On $10,000 invested in HFQSX, assuming 5% a year before costs, total costs come to $827 over 5 years, cutting the return by 1.40% 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 1.20%) | $126 | $392 | $677 |
| Trading costs (broker commissions) | $14 | $43 | $74 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $140 | $456 | $827 |
| Value after costs | $10,360 | $11,120 | $11,936 |
| Impact on return, per year | 1.40% | 1.40% | 1.40% |
HFQSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1308%
- Total broker commissions: $7.6M
- Bought from dealers (principal trades, not a cost): $18
- Portfolio turnover (prospectus): 175%
- Securities lending: none during the year
HFQSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $742K | 12.80% |
| UBS Securities LLC | $725K | 12.52% |
| Goldman Sachs & Co. LLC | $721K | 12.44% |
| JP Morgan Securities LLC | $643K | 11.09% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $596K | 10.29% |
| Barclays Capital Inc. | $559K | 9.65% |
| Citigroup Global Markets Inc. | $555K | 9.58% |
| Liquidnet, Inc. | $542K | 9.36% |
| Jefferies LLC | $364K | 6.29% |
| VIRTU ITG LLC | $346K | 5.98% |
HFQSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse Securities (USA) LLC | $18 | 100.00% |
Janus Henderson Global Equity Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HFQRX | Class N | 0.69% | none |
| HFQIX | Class I | 0.79% | none |
| HFQDX | Class D | 0.85% | — |
| HFQTX | Class T | 0.94% | none |
| HFQAX | Class A | 1.12% | 5.75% |
| HFQSX | Class S | 1.20% | none |
| HFQCX | Class C | 1.76% | 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.