JABLX Fees and Costs — Janus Henderson Balanced Portfolio, Institutional Shares
Data updated: 2026-08-26
The net expense ratio is 0.62%: a 0.55% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $785K in broker commissions, 0.0085% of average net assets, and portfolio turnover was 79%.
JABLX Fees and Expenses
Annual operating expenses and sales charges of JABLX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.07% |
| Gross expense ratio | 0.62% |
| Fee waiver | — |
| Net expense ratio | 0.62% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
JABLX Costs Over Time
On $10,000 invested in JABLX, assuming 5% a year before costs, total costs come to $396 over 5 years, cutting the return by 0.66% 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 0.62%) | $65 | $204 | $355 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $217 | $396 |
| Value after costs | $10,434 | $11,359 | $12,367 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
JABLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0085%
- Total broker commissions: $785K
- Bought from dealers (principal trades, not a cost): $11.3B
- Portfolio turnover (prospectus): 79%
- Securities on loan, average value: $3.9M
- Net income from securities lending: $153K (0.002% of average net assets)
JABLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $129K | 19.93% |
| Jefferies LLC | $84K | 12.96% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $80K | 12.35% |
| Citigroup Global Markets Inc. | $71K | 10.95% |
| UBS Securities LLC | $67K | 10.35% |
| Morgan Stanley | $59K | 9.13% |
| JP Morgan Securities LLC | $55K | 8.48% |
| Liquidnet, Inc. | $38K | 5.86% |
| Cowen and Company | $35K | 5.48% |
| William Blair & Company, LLC | $29K | 4.52% |
JABLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $3.9B | 38.06% |
| Goldman Sachs & Co. LLC | $1.3B | 12.63% |
| Morgan Stanley | $1.1B | 10.36% |
| JP Morgan Securities LLC | $991.1M | 9.73% |
| TD Securities (USA) LLC | $848.2M | 8.33% |
| Wells Fargo Securities, LLC | $766.8M | 7.53% |
| Barclays Capital Inc. | $428.4M | 4.21% |
| Citigroup Global Markets Inc. | $404.9M | 3.98% |
| Nomura Securities International, Inc. | $278.5M | 2.73% |
| RBC Capital Markets, LLC | $249.7M | 2.45% |
Janus Henderson Balanced Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JABLX | Institutional Shares | 0.62% | — |
| C000028716 | Service Shares | 0.87% | — |
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.