JAGRX Fees and Costs — Janus Henderson Research Portfolio, Institutional Shares
Data updated: 2026-08-26
The net expense ratio is 0.82%: a 0.73% management fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $104K in broker commissions, 0.0141% of average net assets, and portfolio turnover was 31%.
JAGRX Fees and Expenses
Annual operating expenses and sales charges of JAGRX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.73% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| Gross expense ratio | 0.82% |
| Fee waiver | — |
| Net expense ratio | 0.82% |
| 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 |
JAGRX Costs Over Time
On $10,000 invested in JAGRX, assuming 5% a year before costs, total costs come to $523 over 5 years, cutting the return by 0.88% 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 0.82%) | $86 | $269 | $468 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $88 | $287 | $523 |
| Value after costs | $10,412 | $11,289 | $12,239 |
| Impact on return, per year | 0.88% | 0.88% | 0.88% |
JAGRX 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): 0.0141%
- Total broker commissions: $104K
- Bought from dealers (principal trades, not a cost): $499K
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $543K
- Net income from securities lending: $4K (0.001% of average net assets)
JAGRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $16K | 19.91% |
| JP Morgan Securities LLC | $13K | 15.86% |
| Goldman Sachs & Co. LLC | $11K | 12.93% |
| Morgan Stanley | $10K | 11.51% |
| Jefferies LLC | $7K | 8.12% |
| Wells Fargo Securities, LLC | $6K | 6.75% |
| Cowen and Company | $6K | 6.70% |
| William Blair & Company, LLC | $5K | 6.51% |
| UBS Securities LLC | $5K | 5.98% |
| Citigroup Global Markets Inc. | $5K | 5.73% |
JAGRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $499K | 100.00% |
Janus Henderson Research Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JAGRX | Institutional Shares | 0.82% | — |
| C000028718 | Service Shares | 1.07% | — |
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.