JABS Fees and Costs — Janus Henderson Asset - Backed Securities ETF
Data updated: 2026-09-25
The net expense ratio is 0.33% (0.34% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0019% of average net assets, and portfolio turnover was 24%.
JABS Fees and Expenses
Annual operating expenses and sales charges of JABS. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.33% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.34% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.33% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JABS Costs Over Time
On $10,000 invested in JABS, assuming 5% a year before costs, total costs come to $210 over 5 years, cutting the return by 0.35% 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 0.33%) | $35 | $109 | $190 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $35 | $115 | $210 |
| Value after costs | $10,465 | $11,461 | $12,552 |
| Impact on return, per year | 0.35% | 0.35% | 0.35% |
JABS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0019%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $508.5M
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
JABS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $735 | 34.38% |
| Goldman Sachs & Co. LLC | $573 | 26.82% |
| Citigroup Global Markets Inc. | $338 | 15.80% |
| Loop Capital Markets LLC | $235 | 11.00% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $190 | 8.89% |
| Barclays Capital, Inc. | $66 | 3.11% |
JABS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $382.1M | 78.99% |
| Barclays Capital, Inc. | $19.4M | 4.00% |
| Goldman Sachs & Co. LLC | $18.9M | 3.90% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $17.8M | 3.69% |
| Deutsche Bank Securities Inc. | $12.6M | 2.60% |
| Wells Fargo Securities, LLC | $9.5M | 1.96% |
| Citigroup Global Markets Inc. | $6.3M | 1.30% |
| SMBC Nikko Securities America, Inc. | $6.1M | 1.25% |
| Morgan Stanley & Co. LLC | $5.6M | 1.16% |
| Scotia Capital (USA) Inc. | $5.5M | 1.14% |
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.