JANBX Fees and Costs — Janus Henderson Balanced Fund, Class D
Data updated: 2026-08-26
The net expense ratio is 0.69%: a 0.55% management fee plus 0.14% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $1.7M in broker commissions, 0.0070% of average net assets, and portfolio turnover was 75%.
JANBX Fees and Expenses
Annual operating expenses and sales charges of JANBX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| 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 |
JANBX Costs Over Time
On $10,000 invested in JANBX, assuming 5% a year before costs, total costs come to $439 over 5 years, cutting the return by 0.73% 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 0.69%) | $72 | $227 | $395 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $240 | $439 |
| Value after costs | $10,427 | $11,336 | $12,324 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
JANBX 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): 0.0070%
- Total broker commissions: $1.7M
- Bought from dealers (principal trades, not a cost): $29.3B
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
JANBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $405K | 28.17% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $206K | 14.29% |
| Morgan Stanley | $203K | 14.14% |
| Wells Fargo Securities, LLC | $131K | 9.13% |
| William Blair & Company, LLC | $102K | 7.08% |
| Jefferies LLC | $93K | 6.48% |
| UBS Securities LLC | $87K | 6.02% |
| JP Morgan Securities LLC | $84K | 5.82% |
| Barclays Capital Inc. | $72K | 5.02% |
| RBC Capital Markets, LLC | $55K | 3.84% |
JANBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $9.4B | 36.33% |
| JP Morgan Securities LLC | $4.2B | 16.11% |
| Goldman Sachs & Co. LLC | $2.9B | 11.32% |
| Morgan Stanley | $2.2B | 8.30% |
| Citigroup Global Markets Inc. | $1.7B | 6.65% |
| Deutsche Bank Securities Inc. | $1.4B | 5.37% |
| Wells Fargo Securities, LLC | $1.3B | 5.19% |
| Nomura Securities International, Inc. | $1.3B | 4.98% |
| BNP Paribas Securities Corp. | $960.8M | 3.69% |
| Barclays Capital Inc. | $535.7M | 2.06% |
Janus Henderson Balanced Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JABNX | Class N | 0.57% | none |
| JBALX | Class I | 0.67% | none |
| JANBX | Class D | 0.69% | — |
| JABAX | Class T | 0.82% | none |
| JDBAX | Class A | 0.89% | 5.75% |
| JABRX | Class S | 1.07% | none |
| JDBRX | Class R | 1.32% | none |
| JABCX | Class C | 1.63% | 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.